April 10, 2012

The Daily Bankruptcy News

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Law:

Ex-Dewey Partner: ‘I’m Not Sure How They Can Weather the Departures’ --- Former Dewey & LeBoeuf Partner Kisses and Tells --- Is its tragic flaw not understanding public relations? --- How could Dewey LeBoeuf possibly survive at this point? --- Dewey London partner duo quit for DLA and Reed Smith as exits continue
(DBN)

Jewel v. Boxer: The Unfinished Business of Bankrupt Law Firms
(DBN)

Law Firms Snag Top Five Spots on DC List of Best-Quality 401(k)Plans
(DBN)

What Do You Think About the Trend Away from Big Law?
(DBN)

Covington, Cadwalader, Skadden, Simpson Thacher: Business of Law
(DBN)

Paul Clement: How does he do it?
(DBN)

Companies Reset Legal Costs
(DBN)

Joyce Kuhns Named Co-Chair Of Greater Maryland IWIRC Chapter
(DBN)

Jones Day Atlanta bankruptcy partner chosen for "40 Under 40" award
(DBN)

Bankruptcy lawyers Drobny and Kessler Join Jones Walker
(DBN)

Law School Applicants Drop by More Than 15 Percent; Are Tuition Cuts Ahead?
(DBN)

Are LLMs Losing? Law Schools Say Students Gain from Advanced Degrees
(DBN)

Law Deans and Professors Discuss the Law School Loan Crisis
(DBN)

An Open Letter To The University Of Chicago Law School
(DBN)

Law School Transparency: The reckoning
(DBN)

Law Students of the Day: Two Gators Take a Bite Out of Crime
(DBN)

Senator Finds Law Students Reluctant to Talk About Loan Debt
(DBN)

Sexy spy Anna Chapman dated high-powered attorney John Altorelli
(DBN)

Finding the Footprints of America’s Switched-on Lawyers
(DBN)

New Contract Drafting Tool: ACC Contract Advisor
(DBN)

No excuse for lawyer's chronic lateness: judge
(DBN)

Law Firm Marketer Makes the Most of Eye-Map Technology
(DBN)

Links dominates thin Q1 deal market as lawyers talk up 2012 prospects
(DBN)

Revealed: the reasons why UK associates join US firms - and it's not just for money
(DBN)

A Sampling of Oddball Job Interview Questions
(DBN)

When Things Are Slow
(DBN)

The In-House World According to Ben Heineman Jr., Part II
(DBN)

Chief Legal Officer Gains Power: Could morph into chief executive officer job
(DBN)

Partners Unhappy Making Only $800,000, Displaced Lawyers, Students Not in T-14: Learn to code
(DBN)

Lawyer and Disbarred Attorney Among Latest 14 Defendants to Take Pleas in Federal HOA Fraud Case
(DBN)

More States Are Treating Incivility as a Possible Ethics Violation
(DBN)

March Lawyer of the Month: A Biglaw Partner With Some Admirable ‘Gumption’
(DBN)

Steven Lippman, Ex-Partner of Scott Rothstein, Is Indicted in Alleged Bank Fraud Conspiracy
(DBN)

A View From the Inside: New Documentary Looks at Fraudster Marc Dreier
(DBN)

Inside Facebook's Instagram Acquisition: 54 Hours to a $1 Billion Deal --- Orrick in the picture as Facebook snaps up Instagram in $1bn deal
(DBN)

Prosecutor rules out grand jury in Trayvon Martin case
(DBN)

Lawyer Suspended 30 Days for $2,500 Minimum Fee Charge
(DBN)

Lawyer Disbarred for Shooting Up Ex's House
(DBN)

State Bar of Texas Employee Under Investigation for Alleged Misappropriation of Funds
(DBN)

Meltdown April 2012 - The Vanishing?
(DBN)

Tuna Again? Cause for Divorce
(DBN)

Orange You Glad I Missed? Man Arrested For Aggravated Assault With Orange
(DBN)

Facebok Status: On the Lam
(DBN)

______________

Judges:

Bankruptcy judge shortage looms

Gov’s Clemency to Woman in Shaken-Baby Case Ends 9th Circuit’s Legal Battle with Supremes
(DBN)

Now America Loves The Supreme Court Because It Looks Like It Will Strike Down Obamacare
(DBN)

Federal Judge Who Officiated Law Student-to-Be’s Wedding Also Sentenced His Dad, Back in the Day
(DBN)

ABA President Says Obama’s Initial Remarks on Judicial Activism Are ‘Troubling’
(DBN)

Positions Behind the Bench Are Expected to Drop
(DBN)

High court agrees to consider corporate free speech post-Citizen United
(DBN)

Case Reflects Death of American Privacy
(DBN)

Brand Silence: Clarence Thomas shrewd image-maker
(DBN)

Justice of the Peace Is Admonished for Comments Made to Minorities
(DBN)

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Wall Street:

U.S. stock futures gain
(DBN)

World stock markets mostly lower amid investor concerns about US, China
(DBN)

Despite Comeback Bid, Stocks End Day Sharply Lower
(DBN)

Goldman Accused Of Toppling Governments 'Everywhere'
(DBN)

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Layoffs:

Employment trends index dips in March; first drop since September
(DBN)

Kids in Their 20s Without Jobs Set US Record
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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MF Global:

Tense times at Chicago's financial exchanges
(DBN)

______________

Hollywood:

David Bergstein Sues, Demanding Millions of Dollars From Miramax Sale
(DBN)

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Baseball:

Dodgers ask court to keep sealed an element of sale
(DBN)

A Costly Toy Subsidized by Others
(DBN)

Dodgers removing impediments to reorganization plan and sale
(DBN)

______________

Alternative Energy:

Feds call bankrupt solar firm an 'empty shell'
(DBN)

______________

Economy:

Bernanke Pushes for Shadow Banking Curbs With Warning Recovery Not Secure
(DBN)

To QE3 or Not to QE3?
(DBN)

Treasury yields drop to 4-week low on weak jobs report
(DBN)

Oil at seven-week low on US economic worries
(DBN)

Poll: US Thinks Auto Bailout Helped Economy
(DBN)

CFOs are more optimistic, but will it last?
(DBN)

Overwhelming Majority of Small Business Owners Optimistic
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Does mortgage principal reduction work? --- White House Keeps Pressuring FHFA On Write-Downs --- DeMarco Expected to Release New Mortgage Forgiveness Analysis
(DBN)

Monitor begins work overseeing U.S. mortgage pact
(DBN)

The Sasquatch And The Servicers
(DBN)

Consumer bureau to crack down on mortgage servicers
(DBN)

US to propose new mortgage lending rules
(DBN)

Condo prices hit new crisis lows in Chicago, Los Angeles and San Francisco
(DBN)

Obama Administration: One In Five Homeowners Are Underwater
(DBN)

More Americans think It's a Good Time to Buy a Home
(DBN)

Multifamily Bonds Surging to Record U.S. as CMBS Fade
(DBN)

Bank of America, Barclays Deny Illegal Acts Over Archstone
(DBN)

This 4-Bedroom Arizona Home Could Be Yours For Just A Penny
(DBN)

March CMBS balloon payments plummet
(DBN)

A Chart That Should Give Chills To US Housing Bulls
(DBN)

Auction set for bankrupt Newport mega-mansion
(DBN)

_____________

Food/Beverage:

Reddy Ice preparing to file for bankruptcy --- Centerbridge to Take Control
(DBN)

Hostess Brands Slashes Executive Compensation --- Cuts Four Executives' Pay to $1 After Big July Raises
(DBN)

Sbarro's Turnaround Plan: Go Upscale
(DBN)

Fallout from Lean Finely Textured Beef Continues
(DBN)

______________

Municipalities:

Jefferson County bankruptcy hearing to see if money can be used for expenses, legal bills
(DBN)

Jefferson County says Mellon illegally took $584,700 from county fund
(DBN)

California will audit Stockton
(DBN)

Stockton Faces 2 Court Suits This Week
(DBN)

California city faces bankruptcy after heavy borrowing backfires
(DBN)

Hercules Teeters on Brink of Bankruptcy
(DBN)

Moody's cuts Detroit water and sewer debt ratings
(DBN)

Illinois Is Pension Basket Case You Forgot About
(DBN)

______________

Golf:

Historic Prescott golf course files bankruptcy
(DBN)

The Worst Dressed Golfers At The Masters
(DBN)

______________

Autos:

Poll: Auto bailouts helped the economy
(DBN)

Bar on Punitive Damages Against Chrysler For Cars Sold Before 2009 Bankruptcy
(DBN)

Receivers estimate Saab debt at 1.38 billion --- Assets cover less than third debt
(DBN)

______________

Photography:

Picture this: Bankrupt Kodak wants to give $13.5 million in bonuses --- Kodak Bonuses Are a Bad Move
(DBN)

The New Kodak Motto: All for One, and More for Me!
(DBN)

AOL sells 800 patents, achieving what Kodak is trying to do
(DBN)

The Death and Rebirth of Polaroid Film
(DBN)

______________

Aviation:

Hawker Beechcraft announces big loss --- Moody's downgrades Hawker Beechcraft
(DBN)

Pinnacle pilots will take aggressive stance in bankruptcy bargaining
(DBN)

Where 'Class Warfare' Really Comes From
(DBN)

Pinnacle's Chapter 11 Filing Could Mean Predictable Turnaround
(DBN)

Pinnacle's missteps
(DBN)

______________

Credit/Debit Cards:

Credit Card Cos Get a Kiss From AZ
(DBN)

______________

Media:

Tribune Judge Rules on Distribution Rights Under Reorganization --- The Opinion
(DBN)

______________

Construction:

Chicago: 'The City That Works,' But Won't Pay
(DBN)

______________

Paper:

Catalyst's noteholders bid $275M for assets
(DBN)

______________

Private Equity:

Life After Chrysler: Cerberus and Yellow Pages
(DBN)

______________

Forest Products:

Regulator says Sino-Forest ran afoul of law
(DBN)

______________

Politics:

Warren Doubles Brown's Fundraising in Massachusetts Senate Race
(DBN)

Why Obama Should Run Against the Supreme Court
(DBN)

Wisconsin Republican: Women Are Paid Less Because 'Money Is More Important For Men'
(DBN)

______________

Fraud:

Ex-NY bank director gets prison in $60M stock scam
(DBN)

Cramming Funny Fees Onto our Phone Bills: Not so Funny
(DBN)

Florida Panthers Settle Rothstein Clawback
(DBN)

Yale donor goes to prison for $110 million stock scam
(DBN)

______________

Consumer Finance:

Usury Takes a Bite Out of the Poor
(DBN)

______________

Banking:

SEC Files Securities Fraud Claim Against Failed Bank Officials
(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 (24 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)

______________

Miscellaneous:

Rochelle on Dynegy, Madoff, Jefferson County, Kodak
(DBN)

______________

Bankruptcy Statistics:

Bankruptcy filings continue decline
(DBN)

Where People File Chapter 13
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Plan Confirmation:

The Absolute Priority Rule: An Endangered Species in Individual Chapter 11 Cases?
(DBN)

______________

Professional Compensation:

5th Circuit OKs creditor's paying debtor's attorney fees
(DBN)

______________

Judicial Estoppel:

Fifth Circuit Tackles Judicial Estoppel Yet Again Resulting in a Split Decision
(DBN)

______________

Litigation:

Present Your Case So That It Fits What the Jury Wants to Believe
(DBN)

Judge Allows Facebook Fishing in Sucker Punch Lawsuit
(DBN)

Litigation Finance Start-Up Snags Retired Simpson Thacher Partner
(DBN)

______________

Insurance:

Banks say MBIA didn't tell NY its true condition before split
(DBN)

Latest NY appeals ruling is bad news for BofA in monoline cases
(DBN)

______________

Directories:

Ambassador Media Group Files For Chapter 7 Bankruptcy
(DBN)

______________

Credit Counseling:

Franchisee Sues Big Debt Relief Law Firm
(DBN)

______________

Celebs:

Report: FDIC sues ex-Bears QB Jim McMahon for bank failure
(DBN)

Dennis Rodman Fights Back: 'I'm Not Broke And I'm Not Sick'
(DBN)

Why athletes go broke
(DBN)

Backdrop Backstory: Mysterious Tacky Thing on Donald Trump’s Cabinet Is Tackier, More Mysterious Than Previously Thought
(DBN)

______________

Mass Torts:

WTC Insurer Says Asbestos Money's Gone
(DBN)

Dubious asbestos 'reform'
(DBN)

______________

Health Care:

Saint Catherine Medical Center Fountain Springs files for Chapter 11 bankruptcy
(DBN)

Talks continue between CMS, McLaren
(DBN)

Peninsula Hospital Physician Seeks Injunction to Stop Hospital Closure --- Peninsula Hospital Completely Shuts Down
(DBN)

______________

Student Debt:

Education: Selling a piece of your future
(DBN)

Grads Are Selling Their Faces To Pay Off Student Loan Debt
(DBN)

______________

Corporate Reform:

Not Everyone Convinced Former Trader Meant “It Wasn’t A Question Of If I Was Going To Kill You, Just Of When” In A Figurative Sense
(DBN)

______________

Defaults:

Moody's Says Global Junk Default Rate Rose In March
(DBN)

Global Corporate Default Tally At 26 For 2012, Outpacing 2011
(DBN)

Sovereign, Corporate Bond Risk Rises, Credit-Default Swaps Show
(DBN)

______________

Sovereigns:

Argentina case puts bite in holdout hedgies' bark --- US walks dangerous line to support Argentina in bond cases
(DBN)

The 10 countries most likely to default
(DBN)

______________

UK:

England to Lose 100,000 Jobs Before Summer
(DBN)

______________

Canada:

Piercing the Corporate Veil to the Privy: Who’s a “Privy” to a Transaction at Undervalue?
(DBN)

Canadian PACA-like protection may be two years out
(DBN)

_____________

EU:

Banks’ Reluctance to Lend to Each Other Falls to Eight-Month Low
(DBN)

______________

PIIGS:

Worries over Spain intensify as bond yields rise despite new pledge of austerity --- Spain Confronts Crisis Threat as Rajoy Steps Up Budget Cuts
(DBN)

______________

China:

China Consumer Prices Rise Faster-Than-Estimated
(DBN)

China's Economy: How Hard Will It Fall?
(DBN)

______________

MENA:

Arcapita bankruptcy clouds infrastructure holdings' prospects
(DBN)

______________

Russia:

Kalashnikov rifle maker declared bankrupt
(DBN)

______________

Japan:

Japan Corporate Bond Risk Rises, Credit-Default Swap
(DBN)

Sony sees record $6.4 billion net loss
(DBN)

Sharp Widens Loss Forecast to $4.7 Billion
(DBN)

Bank of Japan Keeps Policy Unchanged as Pressure Builds
(DBN)

______________

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Copyright 2012