April 12, 2012

The Daily Bankruptcy News

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Law:

Reuters Lists ‘Linchpin’ Partners Still at Dewey & LeBoeuf Who Are ‘Critical to the Firm’s Future’ --- A few key players may determine Dewey's fate -- bankruptcy partner at the top of the list --- Dewey Have Trouble Holding On To Partners? There’s an App for That --- Dewey Denies It's The Source of S-- Story on Former Partner --- Dewey exits continue as New York partner heads to Mayer Brown
(DBN)

Biglaw Blind Item: Little Corner of Paradise Lost
(DBN)

DLA adds partner to London restructuring team with Goldman hire
(DBN)

A ‘Valorem Dozen’: The Ingredients for One New Normal Firm
(DBN)

Kelley Drye Settlement With EEOC Provides a Cautionary Tale for Firms
(DBN)

Woman Charged With Intimidating Judge Overseeing Her Suit Against Seyfarth
(DBN)

Ex-Halliwells partners prepare for mediation with liquidators over £20m windfall
(DBN)

You're different. You disdain the crass blandishments of Biglaw
(DBN)

Maybe King & Spalding Thinks There’s A Whole Country Of Gay People Somewhere?
(DBN)

Debevoise, Clifford Chance, and Paul Weiss Energized by Fees from Federal Recovery Act
(DBN)

Are Smartest People Avoiding Law School? Stats Show Bigger Drop in High LSAT Applicants --- If You Are Still Applying to Law School, You Might Be an Idiot
(DBN)

Biden Hails Al Franken as 'Leading Legal Scholar'
(DBN)

A Look at the Law Firms That Gave to Rick Santorum's Presidential Campaign
(DBN)

Law School Transparency: You can't win if you don't play
(DBN)

An Update on MS Office on the iPad
(DBN)

CamScanner App Review – Scan with your Smartphone
(DBN)

Law firm burned in scam, blames the bank
(DBN)

Lawyer of the Day: Ex-Clerk Accused in Bizarre Break-In
(DBN)

Defiant After Disbarment Ruling, Ex-Maricopa Attorney Andrew Thomas Compares Himself to Gandhi
(DBN)

George Zimmerman To Be Charged In Connection With The Death Of Trayvon Martin --- 'Second Degree Murder' --- Zimmerman ex-lawyers may have violated ethics rules: law profs
(DBN)

Prosecutors: Man who robbed Radio Shack tracked down using GPS he stole
(DBN)

School official pepper sprays students because they weren't moving to class fast enough
(DBN)

Heroin dealer uses welfare EBT card to post bail
(DBN)

Man charged after six puppies found in suitcase
(DBN)

Thieves Ransacking Long Island Cemetery Plots For Vases, Plaques
(DBN)

Say What?!
(DBN)

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Judges:

Judge Holds Defendant in Contempt for Saggy Pants, Jails Him for 3 Days
(DBN)

Half of Americans Expect Supreme Court Ruling on Health Care to Be Partisan, Poll Says
(DBN)

Texas Judge Offends Impressive List Of Minorities, State Says
(DBN)

Clerks In Power Grab in Battle Over Records and Money
(DBN)

4 Supreme Court women take same stage
(DBN)

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Wall Street:

U.S. stock futures trade higher ahead of data
(DBN)

Stocks close higher a day after big decline
(DBN)

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Layoffs:

Sony to cut 10,000 jobs in restructuring
(DBN)

America's energy job machine is heating up
(DBN)

Have 92 percent of the jobs lost under Obama really belonged to women?
(DBN)

The 10 Best Jobs for 2012 --- And the 10 Worst
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Jefferson County, Creditors Open Fight on Size of Bond Payments
(DBN)

Creditors win bid to appeal Alabama county's bankruptcy
(DBN)

Jeffco bankruptcy costs center of court hearings
(DBN)

Sewer receiver John S. Young still collecting fees from sewer mess
(DBN)

Alabama county could hike rates to pay sewer debt: receiver
(DBN)

Rhode Island mayor fires adviser over bankruptcy suggestion
(DBN)

Lavish, Unfunded Public Employee Benefits Threaten City’s Solvency, Ability to Provide Basic Services
(DBN)

Wells Fargo Should Be Forced to Meet Subpoenas, SEC Says
(DBN)

Moody’s Warns of Bank Downgrades in Puerto Rico
(DBN)

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Student Debt:

New Site to Calculate Potential Student Loan Debt
(DBN)

Are there better ways to pay for college than student loans?
(DBN)

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Health Care:

Cost Pressures Could Force Distressed M&As in U.S. Hospital Market
(DBN)

Jefferson County Hospital Turns to Bankruptcy Judge for Help
(DBN)

Hospital files for bankruptcy, patient safety violations
(DBN)

No CMH update following key call
(DBN)

Cetero execs look for a silver lining in bankruptcy auction --- $1.3 million in exec bonuses
(DBN)

Budget cuts begin at Cooper Green Mercy Hospital
(DBN)

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Corporate Reform:

What will it take for finance workers to report wrongdoing?
(DBN)

______________

Autos:

Chrysler wins another dealer lawsuit --- Judge rules Chrysler met obligations to California dealer
(DBN)

Saab Administrators Evaluating Bids, Decision Due Mid-year
(DBN)

______________

Telecoms:

Lawmakers press FCC to give LightSquared new spectrum
(DBN)

Nokia Plunges 18% After Slashing 1Q Guidance
(DBN)

______________

Prisons:

Wells Fargo Gets Medical Development Restructuring Officer
(DBN)

______________

Economy:

Fed's Yellen: Discusses "keeping the funds rate close to zero until late 2015"
(DBN)

Fed's Beige Book: Economic activity increased at "modest to moderate" pace, Residential real estate "activity improved"
(DBN)

Fed's George-must build appropriate bank safety net
(DBN)

Fed's Bullard Sees Jobless Rate at 7.8% by End of Year
(DBN)

IMF warns of fresh global threat --- Fall in safe haven assets
(DBN)

Seven Billion Reasons to Worry: the Financial Impact of Living Longer
(DBN)

The US Has the Highest Share of Employees in Low Wage Work
(DBN)

Everything you know about the Buffett rule is wrong
(DBN)

Growth of Income Inequality Is Worse Under Obama than Bush
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Principal forgiveness on mortgages gains appeal --- Trades Oppose Principal Forgiveness by FHFA --- Mr. DeMarco's Markers --- Missing the Point on DeMarco and Principal Reduction --- DeMarco Speaks! (With Closed Captioning for the Mortgage-Impaired)--- FHFA s DeMarco Argues for Debt Forgiveness, Rather Tepidly --- Expectations split on GSE principal reduction
(DBN)

Loan demand and real estate activity levels improve: Beige Book
(DBN)

Watchdog blasts housing program for 'hardest hit'
(DBN)

March US foreclosure activity down near 5-year low
(DBN)

Charts of the day, house-price edition
(DBN)

MBA: Mortgage Applications decrease, Rates decline slightly
(DBN)

Average mortgage amount increases by $20,000
(DBN)

Conventional mortgages represent growing percentage of Chicago foreclosures
(DBN)

Mortgage Bankers' Commercial/Multifamily Originations up 55%
(DBN)

Ex-Fannie Chief Girds for Battle with SEC Over Disclosure
(DBN)

Dimon Vows Fight Moynihan Lost Over Claims From Mortgages
(DBN)

What If Housing Is Done for a Generation?
(DBN)

Foreclosure Frenzy: Bank Of America Sues Bank Of America
(DBN)

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Tax:

Another grim link between death and taxes: fatal car crashes
(DBN)

How big company execs' "personal safety" perks become multi-million tax write offs
(DBN - NY Times - Paywall Limit Possible)

Swiss Court Delivers Blow to US Tax Deal
(DBN)

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Consumer Finance:

US lenders begin to slip back into bad old habits
(DBN)

______________

Theme Parks:

Six Flags' Ride Through Bankruptcy
(DBN)

______________

Alternative Energy:

Central Indiana biodiesel producer files for bankruptcy
(DBN)

Renewable-Energy Investment Plunges in Quarter to Three-Year Low
(DBN)

Germany's Solar Industry Going Dark
(DBN)

______________

Convenience Stores:

Red Eagle Oil wins bidding procedures OK
(DBN)

______________

Aviation:

AMR Pilots Doubt US Airways Merger Chances, Executive Says --- Pilots union assails AMR exec's 'publicity stunt'
(DBN)

What John Hale wrote to senior American Airlines management
(DBN)

US Airways Labor Pacts Could Hinder AMR Merger Effort
(DBN)

Consultant casts doubt on wisdom of US Airways-American Airlines hookup
(DBN)

American Airlines sues flight attendant it previously fired
(DBN)

American Airlines seeks to reject leases on seven aircraft
(DBN)

Pilots picket outside Pinnacle Airlines headquarters
(DBN)

Judge grounds Direct Air's return plan --- OrdersDirect Air to liquidate assets
(DBN)

Appraisers say that Hawker Beechcraft's debt restructuring will not affect aircraft values
(DBN)

Traffic is up, capacity is down in March for U.S. airlines
(DBN)

______________

Magazines:

Biz hundert un tsvantsik
(DBN)

______________

Religion:

Charles Street AME - From bad to worse
(DBN)

______________

Debt Collection:

Bartmann Debt Collection Bill Put Aside in Oklahoma
(DBN)

Debt Collectors Punished for Making Death Threats
(DBN)

______________

Banking:

CPA reveals doubts over CF Bank parent's future
(DBN)

Dexia examining options on ex-chairman's severance
(DBN)

_____________

Politics:

Rep. Allen West says dozens of House Democrats are 'communists'
(DBN)

______________

Fraud:

Madoff Trustee Pulls Appeal of $59 Billion UniCredit Ruling
(DBN)

Sino-Forest: Red Flags Flapping in the Wind Since 2008 --- Investors seek to shelve Sino-Forest bankruptcy
(DBN)

Sun-Sentinel: Steven Lippman, Ex-Partner in Rothstein Firm, Will Take Plea in Conspiracy Case
(DBN)

______________

Mass Torts:

NY Court Ruling May Open Door for More Asbestos
(DBN)

______________

Newspapers:

Judge accepts bankruptcy plan for parent company of The Bulletin
(DBN)

______________

Photography:

Kodak resists shareholder group's request for greater bankruptcy role
(DBN)

______________

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 (35 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (182 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:

Global Distressed Debt & Bankruptcy Restructuring Q1 Round-Up
(DBN)

Rochelle on American Airlines, Hostess, Mortgage Mess (audio)
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Sales:

District Court upholds future claimants’ due process rights against broad releases in Section 363 sale order
(DBN)

______________

Jurisdiction:

Stern v. Marshall Updates – DC Bankruptcy Court Has Jurisdiction to Hear State Law Counterclaims
(DBN)

______________

Avoidance Actions:

Making Tough Choices: Fifth Circuit Allows Debtor to Bring Avoidance Action After Creditors Have Already Been Paid and Issues Decision on “Applicable Law”
(DBN)

______________

Litigation:

Spring 2012- "Appellate Issues" newsletter of the American Bar Association's Council of Appellate Lawyers
(DBN)

______________

Lehman:

Lehman's First Bankruptcy Payout: $22.5 Billion
(DBN)

______________

MF Global:

MF Global Update: The Black Hole in a Dark Cave
(DBN)

Footing the Bill for MF Global's Lawyers
(DBN)

Latest MF Global payback plan goes before judge
(DBN)

MF Global Execs Get Financial Aid
(DBN)

______________

Shipping:

Bankruptcy triggers new container contract culture
(DBN)

______________

Gas Stations:

Gas supply drying up at BP
(DBN)

______________

Celebs:

The rise and fall of superagent Leigh Steinberg
(DBN)

______________

Baseball:

LA Times objects to Dodgers' bid to seal conditions of land use
(DBN)

MLB officials meet with mediator in Dodgers sale
(DBN)

_____________

Museums:

No objections filed to slavery museum's bankruptcy plan ---Creditors to vote
(DBN)

______________

History:

This Week In Bankruptcy
(DBN)

The 10 Biggest U.S. Corporations In 1812
(DBN)

______________

Defaults:

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

______________

Accounting:

Accounting Firm Settles Lawsuit Over Le-Nature's Loan
(DBN)

______________

Retailing:

RoomStore Finds Buyer for Ten Texas Locations
(DBN)

______________

Hedge Funds:

Man Group put on downgrade watch by Moody's
(DBN)

______________

Golf:

Boston golf course faces uncertain future
(DBN)

______________

Cross-Border:

Debevoise's Paul Bird on how to prep for cross-border deals
(DBN)

______________

UK:

London High Court annuls bankruptcy order against Modi
(DBN)

Scots plan tougher penalty for cash-strapped clubs
(DBN)

______________

EU:

Exceptional Measures Needed to Save EU: Soros
(DBN)

______________

PIIGS:

Spanish banks face funding lock-out
(DBN)

Spain accused of 'draconian' plans to clamp down on protests
(DBN)

Italy Borrowing Costs Rise on Concern Over Debt Crisis
(DBN)

______________

China:

World Bank cuts China 2012 growth forecast
(DBN)

Chinese Developer Seeks Bankruptcy Protection
(DBN)

______________

Netherlands:

Dutch parliament slams government over bank rescue
(DBN)

______________

France:

A Grimy Dipstick Into France's Gritty Economic Realty
(DBN)

______________

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Copyright 2012