April 18, 2012

The Daily Bankruptcy News

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Law:

More Dewey Drama As Energy, Corporate Partners Exit --- Dewey Loses 8 Lawyers to Hunton & Williams, Pillsbury --- Dewey Have A Way To Stop The Partner Hemorrhaging? --- Citibank, Dewey Lender, Taking A Hard Line? --- Partner Exodus May Upend Firm's Loans --- Cozen O’Connor Adds Three Dewey & LeBoeuf Attorneys --- Dewey Know How To Do The Taxes? --- Dewey & LeBoeuf: Leverage distress as platform for rolling out turnaround
(DBN)

Benchslap of the Day: A Cooley Law Grad's 'Epic Fail' in Bankruptcy Court --- The Opinion
(DBN)

Pro-Se Ex-Associate Gets Green Light to Proceed With NY Suit Against UK Law Firm re Moscow Partner
(DBN)

ABA: ‘Case Has Not Been Made’ for Nonlawyer Ownership
(DBN)

Quilling, Selander Adds Bankruptcy Partner
(DBN)

Sills Cummis & Gross Welcomes New Bankruptcy Attorney
(DBN)

If Lawyers Sell Legal Expertise to Clients, Who Owns the Resulting Product?
(DBN)

Is There Such a Thing As a Part-Time Small-Firm Attorney?
(DBN)

How To Ditch the Law Firm and Land a Dream Job
(DBN)

State bar calls on law firms to end age discrimination
(DBN)

Billables Rate, Archer & Greiner, Shearman: Business of Law
(DBN)

9th Circuit Says Privilege Waived re Docs Stolen From Lawyer and Sent to Defendant
(DBN)

As Nonprofits Look to Hire In-House Lawyers, General Counsel Offers Tips to Those Who Want the Job
(DBN)

UK Megafirm Norton Rose Is Looking for Merger Partners in US and China, CEO Says
(DBN)

Major London-based Law Firm Opens Office in Wilmington
(DBN)

Lawyer Charged in Starbucks Attack
(DBN)

Lawyer with Murder Hearings in 2 Counties Misses One, Is Held in Contempt and Given 5-Day Jail Term
(DBN)

Lawyer of the Day: They Literally Fought the Law, and the Law(yer)Won
(DBN)

From J.D. to Food Stamps: The Personal Cost of Going to Law School
(DBN)

Law School Transparency: The average income of experienced attorneys appears to be collapsing
(DBN)

The Commendable Yet Futile Harvard Law Campaign To ‘Just Say No’ to Biglaw
(DBN)

Law Revue Video Contest 2012: The Finalists!
(DBN)

Law School Karma
(DBN)

ABA promises to slash lag time for publishing law schools' jobs data
(DBN)

Girl, 6, Gets Handcuffed, Arrested After Throwing Tantrum In Kindergarten Class
(DBN)

Badass Lawyer of the week: David Newdorf
(DBN)

Remember The Alamo?
(DBN)

Plaintiff: Soap Did Not Attract Women as Promised
(DBN)

Suit Claims Ghosts in Rental Home Justify Return of Security Deposit
(DBN)

Say What?!
(DBN)

______________

Judges:

History: Impeachment proceedings against Louderback takes a turn, April 17, 1933
(DBN)

Kagan Considers Meaning of ‘Not An’ in Ruling for Generic Drugmaker
(DBN)

Judges, journalists clash over courtroom tweets
(DBN)

Dicta or Diatribe? Appellate Judge Writes Opinion Denouncing Limits on “Cowboy Capitalism”
(DBN)

Florida judge in Trayvon Martin case to decide on recusal
(DBN)

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Wall Street:

US Stock Futures Fluctuate
(DBN)

Stocks Close Above 13,000
(DBN)

Did Goldman save Blankfein's job?
(DBN)

Goldman's Partner Departures In a Year of Shrinking Comp Are Actually a Sign of Loyalty
(DBN)

Goldman dials back risk, profit falls
(DBN)

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Layoffs:

First Solar to cut 2,000 jobs
(DBN)

More Americans Sue Employers for Overtime
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Newspapers:

Lee Enterprises widens loss in fiscal second quarter
(DBN)

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Aviation:

Allied Pilots Association warns American Airlines pilots of dire consequences if carrier cancels the union contract
(DBN)

Pilots slam American Airlines negotiations
(DBN)

Speaking of flight attendant negotiations at American Airlines, there aren't any
(DBN)

Will unsecured creditors committee get a pitch Tuesday from AA, US Airways?
(DBN)

Victims' Relatives Press Claims Against Airline
(DBN)

Pinnacle Airlines defends executive pay raises
(DBN)

Pace Airlines' largest creditor asks to keep security deposit
(DBN)

U.S. airlines seen posting Q1 loss, 2012 profit
(DBN)

ISDA rules out CDS auction for Hawker Beechcraft loans ‎
(DBN)

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Tax:

On Tax Day, the Debtor-Taxpayer Wins (But Not Quite)
(DBN)

Brooklyn Man, 11 Others Indicted In Tax Refund Scheme
(DBN)

The IRS Wants the Right to Seize Your Passport
(DBN)

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Corporate Reform:

How banks foil Dodd-Frank Act and similar regulatory efforts
(DBN)

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Brokers:

Merrill Lynch Eats Its Own
(DBN)

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Economy:

Industrial output flat in March as manufacturing falls
(DBN)

IMF forecast: A 'very fragile' global recovery --- Many nations vulnerable to unexpected shocks --- Urges eurozone to bolster banks
(DBN)

Recovery Leaves Middle Class Behind
(DBN)

Will Equal Pay Make You Submissive?
(DBN)

What five years of crisis history tells us
(DBN)

GOP Blocks Buffett Rule in Senate
(DBN)

Consumer credit defaults fall to new post-recession low
(DBN)

Who Pays Taxes in 11 Charts
(DBN)

Poll: Cuts Preferred Over Higher Taxes
(DBN)

Baby Boomers Ready for Retirement, Mostly
(DBN)

GOP to Cut Food Stamps Use
(DBN)

100 Years in the Life of a US Family's Budget
(DBN)

Gen Y's Troubles: You'll Never Guess Who's Really to Blame
(DBN)

21% of New Yorkers Now Living in Poverty
(DBN)

US Debt Clock
(DBN)

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Real Estate:

U.S. Bancorp Accused of Lapses in Foreclosure Maintenance
(DBN)

Fannie Fights Innovation, Insists on Foreclosure
(DBN)

Treasury asks servicers to lobby for Mortgage Debt Relief Act extension
(DBN)

First, Second Mortgage Default Rates Fall for 3rd Consecutive Month
(DBN)

Sellers’ Asking Prices Rose in March
(DBN)

Housing starts fall 5.8%, disappointing analyst estimates
(DBN)

California home prices snap out of long decline --- Houston home prices break March record, sales on the rise
(DBN)

Lender wants to seize Mastro creditor Hazelrigg's condo
(DBN)

Ally's Residential Capital Unit Misses Debt Interest Payment
(DBN)

California mansion fire sale: the fall of a billion-dollar realtor
(DBN)

Fannie Mae Fix Said to Retain Some U.S. Mortgage Role
(DBN)

Morningstar: 47% of maturing CMBS loans failed to pay off
(DBN)

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Food/Beverage:

Hostess Brands battles labor unions in bankruptcy court --- Strike threat at Hostess could kill off Twinkies --- Union leader has 'zero confidence' of agreement with Hostess
(DBN)

Demitri Diakantonis on busted restaurant deals
(DBN)

______________

Mail:

Teetering on bankruptcy , Postal Service's fate debated --- Senate seeks ways to save ailing US Postal Service
(DBN)

______________

Pensions:

CNMI Retirement Fund files Chapter 11 --- Fund to retirees: Don't panic! --- Bankruptcy petition stuns contributors
(DBN)

______________

Buses:

Coach America Holdings Inc. Updates Sale Auction Proceedings
(DBN)

______________

Health Care:

Medical Park Hospital in Arkansas at Risk of Closure
(DBN)

Bankruptcy trustee says Saint Catherine Medical Center should be liquidated - News - Republican Herald
(DBN)

CMH medical records release uncertain --- Cheboygan Hospital Hearing Now Pushed Back To April 30
(DBN)

Moody's: 1Q of 2012 Shows Even Mix of Hospital Upgrades, Downgrades
(DBN)

Hospitals Facing More Credit Downgrades
(DBN)

______________

Municipalities:

More U.S. cities set to enter default danger zone
(DBN)

California City Hit With $2 Million 'Parking Ticket'
(DBN)

Jefferson County still looking for legislative fix --- State Legislature to Alabama's Jefferson County: Drop Dead?
(DBN)

Warning for CA: Harrisburg confronts bankruptcy
(DBN)

______________

Compensation:

Citigroup loses advisory vote on exec compensation --- Shareholders Reject Executive Pay Plan
(DBN)

______________

Hollywood:

Cut! Film Producer Files for Bankruptcy
(DBN)

_____________

Debt Collection:

AG suing debt collection agencies
(DBN)

______________

Forest Products:

Sino-Forest says ex-CEO leaves firm, three fired
(DBN)

______________

Energy:

Can Dynegy Shareholders Stick a Fork in it?
(DBN)

______________

Bankruptcy Crimes:

Buffalo County board chairman, wife indicted
(DBN)

______________

Golf:

Bank reaps Trinitas property
(DBN)

______________

Student Debt:

To Pay Off Loans, Grads Put Off Marriage, Children
(DBN)

______________

Tech:

Elpida Bondholders Form Group to Demand Reorganization Details
(DBN)

______________

Banking:

Is Another Bank Crisis Staring Us in the Face?
(DBN)

______________

Derivatives:

The Terrible Cost We Pay for Derivatives
(DBN)

_____________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (34 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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 Hostess, Las Vegas Monorail (audio)
(DBN)

______________

Sales:

SCOTUS to consider rules for bankruptcy auctions
(DBN)

Buyers beware
(DBN)

______________

Bankruptcy Statistics:

Tennessee surpasses Nevada to claim sad crown
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Avoidance Actions:

Should Charities Be Protected from the Claws of Fraudulent Transfer Laws?
(DBN)

Delaware's Not So Safe Harbors: Third Circuit Bankruptcy Court Declines to Rule that a Payment on a Letter of Credit is an Avoidance-Proof "Settlement Payment"
(DBN)

Delaware Bankruptcy Court – Stern No Avail in Avoidance Actions
(DBN)

______________

Jurisdiction:

Stern v. Marshall - Digging for Gold and Shaking the Foundation of Bankruptcy Courts (or Not)
(DBN)

______________

Personal Bankruptcy:

Means Testing IRS Data Updated --- Updated Census Bureau Data and Administrative Expense Multipliers
(DBN)

______________

Insurance:

Court holds that bankruptcy trustee is not an “insured” for purposes of “insured versus insured” exclusion
(DBN)

CM Meiers Legal Battle Continues With New Allegations
(DBN)

______________

MF Global:

MF Global trustee Freeh to testify at Sen. hearing
(DBN)

______________

Alternative Energy:

First Solar to slash jobs
(DBN)

Imperial Petroleum CEO resigns, e-Biofuels files bankruptcy
(DBN)

California's Salamon Group bids on Auburn Hills' Energy Conversion Devices --- Oakland energy firm gets just one bid
(DBN)
(DBN)

Bankrupt Solyndra Execs Get Bonuses
(DBN)

______________

Fraud:

Convicted Sarasota Ponzi Schemer Arthur Nadel Dies In Prison ‎
(DBN)

Wise surrenders to US authorities
(DBN)

Why People Do Bad Things
(DBN)

______________

Celebs:

Pay Your Taxes: A Cautionary Tale
(DBN)

______________

UK:

UK growth forecast upgraded by IMF
(DBN)

Insolvency Reforms
(DBN)

Collyer Bristow to fight £25m Rangers FC negligence claims
(DBN)

Consortium pulls out of Rangers takeover talks
(DBN)

UK Unemployment Unexpectedly Falls as Growth Resumes
(DBN)

______________

EU:

Brainard: EU Must Be Careful To Avoid Downward Growth Spiral
(DBN)

US says EU must do what it takes to solve debt crisis
(DBN)

Europe $788 Million CMBS Default Seen Creditor Model
(DBN)

Downgrades Loom for Banks
(DBN)

IMF Still Won't Admit Truth About the Euro
(DBN)

Soros: Euro Crisis Could Destroy the EU
(DBN)

Germany Opposes Plan To Allow Banks To Tap Euro Bailout Fund
(DBN)

______________

PIIGS:

Greece: Lazard banker unlocks deals over secret meetings
(DBN)

Italy prosecutors seek bankruptcy of Ligresti holdings-sources --- Fondiaria rescue stung by widening probe
(DBN)

IMF says Italy to miss deficit targets in 2012, 2013 --- Italian PM Mario Monti to cut economic growth forecasts for 2012
(DBN)

ie: Lorraine Drumm agrees to settlement with US bankruptcy official --- Wife of disgraced former Anglo boss gets to keep €1m
(DBN)

IMF Gloomier About Spain, Urges Germany to Relax Austerity Drive
(DBN)

Bank of Spain Questions Budget Forecasts
(DBN)

Spanish Banks to Set Aside $71 Billion for Real Estate Cleanup --- Some Spain banks may struggle to meet cash needs-c.bank --- Spain banks' bad loans highest since Oct '94 --- Spain’s Surging Bad Loans Cast New Doubts on Bank Cleanup
(DBN)

Paulson Said to Short Europe Bonds Amid Spain Concern
(DBN)

The survival of Spain and Italy (and Portugal)is day by day being more in the hands of their respective shadow economies.
(DBN)

______________

Canada:

Quebec to sue Air Canada over Aveos closure
(DBN)

Nortel dodges environmental orders, for now
(DBN)

______________

China:

The Ghost Malls of China
(DBN)

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Copyright 2012