April 13, 2012

The Daily Bankruptcy News

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Law:

Los Angeles Dewey Lawyer Bolts, Bringing Partner Defections to 52 --- Law Firm Implosion Expert calls Dewey LeBoeuf spin "absurd" --- Media Continue Partner-Exit Watch at Dewey & LeBoeuf
(DBN)

Lawyers, accountants working on Scott Rothstein bankruptcy case to get another big payday
(DBN)

Reddy Ice Retains DLA Piper for Restructuring, Merger
(DBN)

Simpson Thacher, Baker & Hostetler, Boies: Business of Law
(DBN)

Kelley Drye Settlement with EEOC Offers No Guidance On When a Partner May Be Deemed an Employee --- Kelley Drye Case Makes It Even Harder to Tell Old People to Go Away
(DBN)

Bail Set for Stephen McDaniel in the Lauren Giddings Murder Case
(DBN)

Quinn Emanuel Calls B.S. on Government Conflict-of-Interest Objection
(DBN)

Law firms win dismissal of Coudert retiree action
(DBN)

From Biglaw to Boutique: Leaving Stones Unturned
(DBN)

UK: Report reveals booze and sexism rife at top law firms
(DBN)

Yeah! We're No. 87!
(DBN)

Weil Associate Takes Leave to Run for New York State Senate
(DBN)

Law School Transparency: Stetson Law School Wants You
(DBN)

Law School Will Only Pay $12/hour for ‘Curriculum Development’
(DBN)

Eight Tips for Acing the Interview
(DBN)

DLA Piper announces changes to Executive Management Team --- Appoints new UK managing partner in top-level shake-up --- Seeks 'fresh perspective' with management revamp
(DBN)

8 Law Firm Workers Who Say They Were Fired for Wearing Orange Shirts File NLRB Complaint
(DBN)

Dealing with App Failure
(DBN)

Build better lawyer bios
(DBN)

Zimmerman Attorney Was Casey Anthony Commentator
(DBN)

Firm chairman apologizes to staff for execution comment
(DBN)

Ex-Partner Is Federally Indicted re Claimed Laundering, Via Law Firm, of Client’s $8K Campaign Gifts
(DBN)

CIA GC Draws 'Rule of Law' Parallels Between Agency and Business
(DBN)

Litigation Funding: A U.S. Growth Industry?
(DBN)

Hogan Lovells looks to build in Mongolia
(DBN)

Reporter's Tweet Posting Photo of Juror Causes Mistrial
(DBN)

Popcorn Anyone? Law Firm’s Letter to Gawker re Outed ‘Fox Mole’ Evokes Much Analysis and Merriment
(DBN)

Barrister’s Ball Blowout: A Night of B, B, and B
(DBN)

Say What?!
(DBN)

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Judges:

Wisconsin High Court Judge Seeks Accuser’s Recusal From Case
(DBN)

How District Judge Jed Rakoff makes the calls ‎
(DBN)

A Judge’s Crusade against Saggy Pants
(DBN)

Want to Clerk for the Judge Who Took on Obama?
(DBN)

In new book, a deeper look at the relationships between clerks and justices
(DBN)

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Wall Street:

US stock futures weaker as China growth slows
(DBN)

Stocks Close Near Highs, Dow Shy of 13,000
(DBN)

Mack is back: Wall Street's new agitator
(DBN)

Goldman Probe Uncovers The Real Muppets
(DBN)

Top Economist : S&P 500 Will Drop 43% This Year
(DBN)

Risk is Back on Wall Street
(DBN)

Goldman: In & Out of Love
(DBN)

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Layoffs:

Jobless Claims in U.S. Rose Last Week to Two-Month High
(DBN)

Unemployment Falls Fast in U.S. If Men Get College Degree
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

EPA to Jefferson County: We're Watching You
(DBN)

Jefferson County bankruptcy hearing resumes with accounting expert
(DBN)

Jefferson County bankruptcy hearing adjourns for lunch break after sewer chief Denard says many sections of pipe have needed repair
(DBN)

Wells Fargo, Stockton Police Group Take City to Court --- Wells Fargo Wins Possession of Three Parking Garages in Stockton
(DBN)

Bryant volunteers for audit
(DBN)

RI Gov. urges lawmakers to pass pension cut plan
(DBN)

Detroit's Slow Fiscal Death March
(DBN)

Why muni bondholders may take it in the teeth after all
(DBN)

Chafee to lobby senators on municipal relief plan
(DBN)

Louisiana Weighs Deeper Pension Cuts
(DBN)

State government tax collections increase by $62 billion
(DBN)

Insolvency, Bankruptcy and Doublespeak
(DBN)

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Celebs:

8 Scary Tales of Celebrity Tax Troubles
(DBN)

Warren Sapp speaks out on bankruptcy filing
(DBN)

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Food/Beverage:

Reddy Ice plans to file for bankruptcy protection --- Files In Dallas --- Reddy Ice melts down
(DBN)

And You Thought It Was Just 'Pink' Slime
(DBN)

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Derivatives:

Empty Creditors: Half Empty or Half Full?
(DBN)

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Politics:

Elizabeth Warren and the Red Sox test ‎
(DBN)

Santorum Quit Race Over Money
(DBN)

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IP:

Auditor warns on Innovaro
(DBN)

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Gas Stations:

More Than 300 New England Stations Are Without Fuel
(DBN)

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Photography:

Groups want voices heard in Kodak's bankruptcy proceedings
(DBN)

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Economy:

US Jobless Claims Up 13K; Producer Prices Steady
(DBN)

IMF Chief Calls for US Mortgage Relief
(DBN)

IMF May Need Less Money to Fund Operations --- Risks Diminish
(DBN)

Fed prepared to act, but only if economy weakens
(DBN)

Recovery Leaving Middle Class Behind
(DBN)

Tax Loopholes Still Exist Within Buffett Rule
(DBN)

How the Banks Endangered Medicare
(DBN)

El-Erian: "central banks can no longer – indeed, should no longer – carry the bulk of the policy burden"
(DBN)

US Debt Clock
(DBN)

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Real Estate:

US Foreclosure Activity Near 5-Year Low
(DBN)

Flood of foreclosures to hit the housing market
(DBN)

Strategic Defaulters vs. Strategic Modifiers --- Ed DeMarco and the spectre of strategic modifiers
(DBN)

We Stand At The Doorstep Of A Foreclosed House. Then We Go In
(DBN)

Mortgage rates tumble back to record territory --- 15-year FRM hits all-time low
(DBN)

Could the Housing Bubble Reinflate?
(DBN)

Some Observations on the Second Lien Problem
(DBN)

Nevada foreclosure rate drops to No. 2 in nation
(DBN)

Report: N.Y. AG seeks to intervene in $8.5 billion bank settlement
(DBN)

BofA, US Bancorp sued for role as WaMu bond trustee
(DBN)

Court Approves Transition Terms for Grubb & Ellis Sale
(DBN)

Sacramento: Lowest percentage of Distressed House Sales in years
(DBN)

Aurelius Capital settles $241 billion lawsuit over MBIA restructuring
(DBN)

Prairie Blocks bankruptcy case to be tossed, for now
(DBN)

Ally Faces Decision On ResCap Loans
(DBN)

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Corporate Reform:

U.S. tests rare legal path in financial crisis cases
(DBN)

Goldman fined $22M for ‘willfully’ violating law on information-sharing, SEC says
(DBN)

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Tax:

IRS Audits May Dip This Year Because of Staffing Shifts
(DBN)

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Health Care:

Cooper Green Mercy Hospital Faces Bleak Future in Bankrupt Alabama County
(DBN)

Next-Generation of Doctors See Gloomy Future
(DBN)

Chicago Senior Care Acquires The Clare at Water Tower
(DBN)

Unsecured creditors say Cetero sale process is “objectionable”
(DBN)

Cheboygan Memorial Hospital back in Bankruptcy Court Friday
(DBN)

Where Obamacare dollars are going, in one map
(DBN)

Six ways Romneycare changed Massachusetts
(DBN)

Why you should care that 70% of antibiotics go into animal feed
(DBN)

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Distressed Investing:

Warren Buffett Building Newspaper Empire?
(DBN)

WL Ross to Lose Top Executive as Storper to Leave Firm
(DBN)

Brazil’s Jive Seeks More Distressed Debt After Lehman Purchases
(DBN)

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Fraud:

Petters Petitions Supreme Court to Review His Case
(DBN)

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Credit Counseling:

States, feds target debt settlement legal firms over upfront fees
(DBN)

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Energy:

Top Firm Probed For Allegedly Manipulating Electricity Markets, Shot Banker Latest
(DBN)

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Telecoms:

LightSquared creditor looks to unload debt-sources
(DBN)

Nortel turns to mediator to resolve disputes with ex-workers
(DBN)

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Aviation:

Cabinet approves Air India financial restructuring --- India will infuse $5.8 bln --- 10 things about Air India's turnaround plan
(DBN)

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Debt Collection:

FDCPA Lawsuits Gain Steam in Second Half of March
(DBN)

Debt-Collection Companies Help Washington Recover Billions ‎
(DBN)

______________

Compensation:

Banks Fail to Align Bonuses With Risk Taking, Watchdog Says
(DBN)

Banker Bonuses That Exceed Fixed Pay Face Ban in EU Draft for Basel Rules
(DBN)

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Book Reviews:

Recommended reading: Broome on Article 9 Financing Statements
(DBN)

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Baseball:

Delaware bankruptcy judge holding Friday hearing on Dodgers’ plan to sell the team
(DBN)

Approval Of Dodgers' Sale Not A Slam Dunk
(DBN)

Dodger blues have yet to leave building
(DBN)

New Dodgers owners to confirm Time Warner Cable not involved --- Fox objection to Dodgers sale appears resolved
(DBN)

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Lehman:

Lehman fallout earns £500m for PwC so far
(DBN)

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Orchestras:

DSO not alone in woes
(DBN)

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Corporate Governance:

Court Appoints Receiver for Insolvent Closely Held Corporation
(DBN)

Banking Agencies Challenge California's Business Judgment Rule: Will This Expand Officer and Inside Director Liability?
(DBN)

Google’s evil stock split
(DBN)

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Weather:

Four Feet of Hail in Texas Panhandle
(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 (37 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (44 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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Miscellaneous:

Rochelle on MF Global, Hostess Brands, American Air (audio)
(DBN)

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Bankruptcy Statistics:

MA business bankruptcies rise in first quarter, liquidations down
(DBN)

NC: Lenders lean on healthy companies, forcing Chapter 11 bankruptcies
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Plan Confirmation:

Bankruptcy Court for the District of Delaware Denies Cramdown of Liquidating Plan Because Approving Classes Were "Artificially Impaired"
(DBN)

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Priority Claims:

VeraSun: Claims Under “Change in Control” Agreements Subject to Cap Governing “Employment Contracts”
(DBN)

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Avoidance Actions:

What’s In a Name? Fifth Circuit Rejects Formulaic “Legal Title” Standard of Ownership In Favor of “Control” Test
(DBN)

Dreier Trustee, Avoidance Action Defendant Spar Over “Initial Transferee” of Payments by Checks Issued Without Naming Payee
(DBN)

Saint Vincents Catholic Medical Centers of New York, et al. Starts Bankruptcy Preference Adversary Proceedings
(DBN)

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Professional Compensation:

USTP To Hold Attorney Fee Meeting In June; Comment Period Extended Through May 21
(DBN)

Tenth Circuit BAP Approves Award of Attorneys Fees to Debtor’s Counsel Who Was Not Retained
(DBN)

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Litigation:

Preventing a windfall: getting a dismissal when plaintiff fails to disclose the claims in bankruptcy
(DBN)

PwC Releases 2011 Securities Litigation Study
(DBN)

SEC Releases Study on Cross-Border Private Securities Litigation
(DBN)

'In the Trenches' E-Discovery Lessons From Cardozo Law
(DBN)

Conjecture is Not Spoliation
(DBN)

______________

MF Global:

MF Global Trustee May Sue Individuals at Failed Brokerage for Duty Breach
(DBN)

Judge not sold on latest MF Global payout plan
(DBN)

MF Global Holdings Creditors Question $1.6 Billion Estimate
(DBN)

MF Global Friday: Follow the Money
(DBN)

______________

Consultants:

Hellman & Friedman Said Near Sale Of AlixPartners
(DBN)

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Hotels:

Bids due today for Courtyard Marriott
(DBN)

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Banking:

Big Banks Needed 485.6 Billion Euros for Basel Capital Rule
(DBN)

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Alternative Energy:

In Praise of Federal Loan Guarantees (Yep, Just Like Solyndra's)
(DBN)

Clouds on Solar's Horizon
(DBN)

Solar Trust lights up sale plans
(DBN)

Bay Area solar gains melt as industry grows up
(DBN)

Q-CELLS North American subsidiaries have not filed for insolvency
(DBN)

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Autos:

Bankruptcy Code Preempts State Law Requiring New Chrysler to Offer Right of First Refusal to Rejected Dealerships
(DBN)

US Lowers GM Bailout Losses
(DBN)

General Motors May Plummet Without Volt Success, New Direction
(DBN)

Yo-yo scam exploits credit-challenged car buyers
(DBN)

______________

Forest Products:

Sino-Forest seeks extension of creditor protection order
(DBN)

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Hollywood:

'Blair Witch' Producer Files for Bankruptcy -- I Have $900 To My Name
(DBN)

______________

Resorts:

U.S. judge approves financing for troubled Naples Bay Resort
(DBN)

______________

PIIGS:

Greek Unemployment Hits 21.8%
(DBN)

Greek Lawmakers Table Help for Debtors
(DBN)

Eircom bust was first case of its kind in Europe
(DBN)

Italians Rally Against Monti’s Pension Overhaul
(DBN)

Spain Tackles Tax Fraud as Rajoy Spurns Aid
(DBN)

Uncertainty about Spain Worries Euro Zone
(DBN)

______________

Canada:

Reddy Ice to bid for Arctic Glacier
(DBN)

______________

France:

Award annulled due to withdrawn counterclaims introduced by insolvent defendant
(DBN)

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Germany:

New Developments in IP Licensing under German Insolvency Law
(DBN)

______________

MENA:

Dubai Group restarts $10 billion debt talks: sources
(DBN)

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Copyright 2012