April 19, 2012

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Law firms could struggle in 2012
(DBN)

Law Student Debt Tops $100K Amid Job Crunch --- Is law school worth the cost? --- Law School Debt: By the Numbers
(DBN)
(DBN)

"Should I try journalism?" - Lawyers increasingly ask that question
(DBN)

Tallying Up the TARP-Related Legal Fees Racked up by Am Law Firms
(DBN)

I Am Not Ann Romney
(DBN)

ABA and CFPB Clash Over Attorney-Client Privilege
(DBN)

Three More Partners Depart Dewey; Firm Hires Crisis Expert and Denies Lender Problems --- Dewey Restructures in Middle East But Says Recent 12-Lawyer Exit There Won’t Hurt Bottom Line --- Moscow and the Middle East: Dewey Have A Problem? (Plus more about Dewey’s loan covenants.)--- Dewey to restructure Middle East practice after stream of exits --- Dewey & LeBoeuf Russia Office Said to Seek New Law Firm --- Dewey's Italian arm exits US LLP in bid to safeguard position
(DBN)

Charlie Sheen, Sharon Stone, Arnold Schwarzenegger Toast Marty Singer at Wild Lawyer of the Year Dinner
(DBN)

A&O kicks off salary season with associate pay rises of £500-£1,000
(DBN)

House Rules: Privileged Correspondence
(DBN)

"Sexting" DA to file for bankruptcy
(DBN)

Explosive allegations surface in Halliwells court case
(DBN)

Pippa Middleton Gun Incident Puts Associate in Paris Office of Shearman & Sterling in the News --- Did Shearman Associate, a Pippa Pal, Flash a Pistol at Paris Paparazzi?
(DBN)
(DBN)

Zuckerberg Reportedly Negotiated Instagram Deal Without Lawyers and Board Input
(DBN)

Lawyerly Lairs: A Visit to Flyover Country
(DBN)

Video Conferencing Options for Showing Up in the Digital Age
(DBN)

Three Charged In Lawsuit-Funding Scam
(DBN)

Mid-Sized NYC Firms Show Caution in Boosting Billing Rates
(DBN)

Law Grad Sues Photo Studio for Featuring Him in Before-and-After Photos --- Lawsuit of the Day: Cooley Law Grad Sues Photo Studio Over Email Blast of ‘Embarrassing’ Picture
(DBN)

Law School Transparency: ABA releases employment data for Class of 2010
(DBN)

LSAT volume is down, so fees are going up
(DBN)

For a Closing School, Mock Trial Team Successes Are Bittersweet
(DBN)

Lawyer admits to 81-cent theft from 1992
(DBN)

US says hate crime charges OK in Amish beard-cuting case
(DBN)

Casey Anthony Lawyer Jose Baez: ABC News Money Paid For Defense
(DBN)

Woman held for "witchcraft"
(DBN)

Say What?!
(DBN)

______________

Judges:

Judge in Zimmerman Case Disqualifies Herself
(DBN)

A Supreme Typo
(DBN)

Want a court reporter? Bring your own
(DBN)

Judge of the Day: Don’t Even Think About ‘Hacking and Coughing’ in His Courtroom
(DBN)

LA courts brace for closures, layoffs
(DBN)

Pauley Stirs the Pot: Federal Judge Still Making an Impact as BofA Settlement Approaches Critical Crossroads in State Court
(DBN)

______________

Wall Street:

Stock futures signal higher Wall Street open
(DBN)

Stocks Close Moderately Lower
(DBN)

Europe weighs heavily on US stock market
(DBN)

______________

Layoffs:

The Dark Side of Falling Unemployment
(DBN)

Key Reason for Wage Inequality Is Education
(DBN)

Former US Fidelis workers to split $1.45 million
(DBN)

Cincinnati schools to cut 10 percent of teachers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Corporate Reform:

US watchdog targets discriminatory lending
(DBN)

______________

Pensions:

Retirement Fund bares list of creditors --- Judge Manglona recuses self from Fund's bankruptcy case --- 'Fight bankruptcy proceedings'
(DBN)

_____________

Celebs:

Dan Marino's very bad week
(DBN)

Ex-Met Lenny Dykstra Convicted of Lewd Conduct, Assault
(DBN)

Warren Sapp to Judge -- Jeremy Shockey Might Come After Me
(DBN)

When Celebrity Tweeting Goes Wrong and the Resulting Lawsuit Goes (Sort of)Right
(DBN)

______________

Mail:

Can the Postal Service Be Saved?
(DBN)

______________

Furniture:

Creditors object to KLN plan
(DBN)

______________

Hotels:

Tampa's Tahitian Inn files for Chapter 11 bankruptcy
(DBN)

______________

Economy:

Economists: Congress Won't Fix Economy
(DBN)

Manufacturing Output Slips
(DBN)

US signals comfort with IMF bid for more funds
(DBN)

25 Signs Middle Class Being Wiped Out
(DBN)

Geithner says US plays key role helping Europe --- European Banks Risk New Global Financial Crisis, IMF Warns
(DBN)

Federal Lawmakers Could Eliminate Tax Breaks on Retirement Savings in Effort to Balance Budget
(DBN)

Recovery Made Inequality Worse
(DBN)

US: Containerized Exports Up 9.6%
(DBN)

The 100 Best Corporate Citizens
(DBN)

US Business Worried About Losing Boomers
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

What's behind Ambac's new MBS filings?
(DBN)

Is Our Long National Short-Sale Nightmare Finally Coming to an End?
(DBN)

Archstone Purchase Talks Extended
(DBN)

Mortgage applications surge on refinancing boom
(DBN)

Developers of Liberty Harbor in Jersey City file for bankruptcy
(DBN)

Brookings: Foreclosures could displace eight million children
(DBN)

Fed opens bidding on AIG CDOs
(DBN)

_____________

Student Debt:

Goldman: Why Student Loan Debt Doubled
(DBN)

______________

Compensation:

Citigroup Has Few Options After Pay Vote
(DBN)

______________

Mass Torts:

Bipartisan bill would bring change to bankruptcy asbestos trusts --- U.S. Chamber Applauds Introduction of Legislation Promoting Asbestos Trust Transparency
(DBN)

BP, Oil Spill Plaintiffs Hammer Out Settlement
(DBN)

Malpractice Insurance Fraud Charge Is Dropped Against Ky. Lawyer Disbarred for Role in Fen-Phen Case
(DBN)

______________

Municipalities:

Flanders to address residents in Woonsocket
(DBN)

Longtime Comptroller Is Accused of Stealing $30M From Small Illinois Town in 6 Years
(DBN)

Stockton audit to begin in one month
(DBN)

Legislators block revenue fix for Alabama county
(DBN)

61 DC employees terminated -- for collecting jobless benefits
(DBN)

______________

Health Care:

Peninsula Hospital's ex-CEO seeks $1.2M from now shuttered hospital
(DBN)

Judge orders hospital to liquidate assets
(DBN)

______________

Aviation:

AMR Cuts 1,200 More Jobs in $1.25 Billion Labor-Savings Plan --- Boosts job-cutting goal to 14,200
(DBN)

AMR, labor unions to negotiate contracts in court
(DBN)

Losses at Hawker Beechcraft Top $632 Million
(DBN)

Pinnacle Airlines Bankruptcy: Equity Objects to the DIP
(DBN)

JetBlue pilot who had midair meltdown to plead insanity
(DBN)

______________

MF Global:

MF Global trustee, UK affiliate at loggerheads --- Dispute heading to court in London
(DBN)

______________

Telecoms:

Nortel Bankruptcy Judge Sends Pension Dispute to Mediation
(DBN)

Nortel Trial: Judge weighs possible precedent-setting decision
(DBN)

2 McCarthy Tetrault Lawyers Testify About Files for a Current Client, the Ex-CEO of Nortel Networks
(DBN)

______________

Bankruptcy Crimes:

Man sentenced to 27 months for concealing bankruptcy assets
(DBN)

U.S. fugitive arrested in Kitchener in 12-year old bankruptcy fraud
(DBN)

______________

Debt Collection:

Ill. lawmakers target practice of jailing debtors
(DBN)

______________

Tax:

How to Pay No Taxes: Secrets of the Rich
(DBN)

Revocation of Tax Election by Non-Debtor Declared Void
(DBN)

______________

Religion:

Bishop implicated in abuse scandal
(DBN)

______________

Food/Beverage:

Centerbridge Reddy's for Bagged-Ice Merger
(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 (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (52 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 Madoff, Eastman Kodak, 2 Acquisition Targets (audio)
(DBN)

______________

Bankruptcy Statistics:

Utah bankruptcy filings fall 11 percent
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Sales:

Will the Supreme Court Protect Lenders on Collateral Bidding?
(DBN)

Sit Back and RadLAX
(DBN)

Important Court Decision Addresses Scope of Successor Liability Releases in Bankruptcy Asset Sales
(DBN)

______________

Plan Confirmation:

The Absolute Priority Rule is Not So Absolute for Individual Chapter 11 Debtors
(DBN)

Artificial Impairment Insufficient to Meet Cramdown Requirements
(DBN)

______________

Examiners:

Case Study: In Re Dynegy Holdings
(DBN)

______________

Corporate Reform:

The Flaws in the New Liquidation Authority
(DBN)

Big Business gets a break on financial reform
(DBN)

Would Repeal of Key Dodd-Frank Provision Really Save $22 Billion?
(DBN)

Feds Pass on Regulating Derivatives Traders
(DBN)

______________

Litigation:

Plaintiffs Trying To Get Judge Peck Bounced from Landmark Predictive Coding Case
(DBN)

A little Civ Pro humor
(DBN)

Litigation-funding firms were $15 mln fraud: U.S.
(DBN)

______________

Finance:

Bankruptcy Remote Financings In Jeopardy After Michigan Appellate Court Decision
(DBN)

______________

Awards:

Satmex Restructuring Named a "Deal of the Year"
(DBN)

Bankruptcy Partner Madlyn Gleich Primoff of Kaye Scholer Finalist for Women in Business Law Award
(DBN)

______________

Fraud:

Rakoff Thwarts Madoff Trustee Quest for New Judge
(DBN)

Ex-Goldman Employee Seeks Leniency for Insider Scheme
(DBN)

______________

Banking:

Top companies running stress tests on their banks
(DBN)

Bank of America Executives Win, Shareholders Lose – It’s Not Supposed To Work This Way
(DBN)

______________

Cross-Border:

Section 108 Relief Automatically Available to Foreign Representatives in Chapter 15 Cases
(DBN)

______________

UK:

Longest ever Scottish bankruptcy order handed down
(DBN)

______________

EU:

IMF: Cuts in European bank lending to drag growth
(DBN)

______________

PIIGS:

Italy Admits It Can't Balance the Budget in a Recession --- Markets accept Italian fiscal slippage - for now
(DBN)

Spanish Flu May Send EU to Bed --- Spain clears bond auction hurdle but yields rise
(DBN)

ABN Amro Won't Participate In Greek Debt Restructuring
(DBN)

______________

Canada:

Faskens’ Montreal partner arrested
(DBN)

Top court allows Black’s libel suit
(DBN)

______________

Germany:

Germany Economy Rebounding in Face of Crisis
(DBN)

______________

Australia:

Reconstruction & Insolvency April 2012 Newsletter
(DBN)

______________

The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2012