April 20, 2012

The Daily Bankruptcy News

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Law:

Dewey moots restructuring to prepare for possible takeover --- Law firm retains bankruptcy counsel, role unclear --- Dewey presses to secure debt terms as international losses escalate --- Dewey Have Room For Incoming Associates? Or Overseas Offices? --- Storied Law Firm Pitches Plan for Rescue --- Multiple International Offices Mull Options --- As Partner Losses Near 70, Dewey's Troubles Spread Overseas --- Waves of partner defections leave Dewey in a perilous state
(DBN)

The Death Spiral of America's Big Law Firms
(DBN)

Law Firms' White-Shoe Blues
(DBN)

Is Legal Profession Shakeout Long Overdue? Ratio of Lawyers to Americans Is 1 to 257
(DBN)

A heavy burden - the huge pension plans weighing down on younger partners
(DBN)

Women's Initiatives Are Big Distractions
(DBN)

From Biglaw to Boutique: Writing on the Wall
(DBN)

Bircham managing partner to step down in May
(DBN)

NALP 2012: Good News, We’ve Probably Hit the Bottom
(DBN)

Law School Transparency: Learning to Excel
(DBN)

Law School Debt By the Numbers
(DBN)

There’s something wrong with the system
(DBN)

10 Faces Behind The Incredible Law School Underemployment Crisis
(DBN)

What the Numbers Don't Say: Law School Applicants Are Getting Older, Not Dumber
(DBN)

Womble Carlyle Names New Bankruptcy Practice Group Leader
(DBN)

Given a Chance to Become a Partner of a 400-Attorney Law Firm, Lisa Ridgedale Opts to Go Solo
(DBN)

Scheduling Snafu Lands Defense Attorney in Contempt — And Possibly Jail
(DBN)

The Firm That Shoots Together, Stays Together
(DBN)

Law License Plates: First-Tier Degrees on Second-Tier Cars
(DBN)

Five Lessons From Mentors Who Cared
(DBN)

Superheroes of the Legal Profession: Executrix
(DBN)

"Nobody Threatens Elizabeth Wellborn."
(DBN)

'Sexpat' Deidre Clark sues law firm for £22 million
(DBN)

Lawyer Accused of Breaking Into Ex-Employee’s Personal Email Is Barred From Using Computer at Work
(DBN)

A Self-Abuse of Discretion? (Or: The most interesting ERISA opinion ever.)
(DBN)

Court: Woman Is Entitled to Workers’ Comp for Injury During Sex
(DBN)

"Shockingly Poor" Briefs Get Attorney Suspended
(DBN)

Austrian village F------ to vote on name change
(DBN)

Amish plead not guilty in beard-cutting case
(DBN)

Say What?!
(DBN)

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Judges:

A Romney pick for top US court? Frontrunners emerge
(DBN)

Calif. court to cut staff, close courtrooms in wake of budget crisis
(DBN)

Meet the (New)Judge Handling George Zimmerman’s Case
(DBN)

Man Awaiting Sentencing Told Jail Staff of God’s Order to Kill Judge, Now Faces New Case
(DBN)

Federal Judge tosses jury nullification case
(DBN)

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Wall Street:

Stock futures signal higher Wall Street open
(DBN)

Stocks Fall on Economic Data as French, Spain Bonds Drop
(DBN)

High-frequency stock trader SXP Analytics files for bankruptcy
(DBN)

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Layoffs:

More Americans Than Projected Filed Jobless Claims Last Week
(DBN)

Facing winds of change: New manufacturing method wipes out factory jobs at Harley
(DBN)

Jobless claims indicate slowing employment growth
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Consultants:

CVC nears a deal to buy AlixPartners: sources
(DBN)

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Aviation:

AMR Unions Said Prepared to Back US Airways Takeover Bid --- Rumors flying of US Air, American Airlines merger --- Nothing like merger talk to help a stock
(DBN)

American Airlines will slash 700+ Tucson jobs
(DBN)

American Airlines Will Propose ‘Draconian’ Contract in Bankruptcy Court, Pilots Say
(DBN)

AMR CEO Horton addresses takeover rumors, says "there are many who do not want American to succeed"
(DBN)

Analyst: Most think that American Airline's stand-alone plan presents 'clear and present danger' to industry prosperity
(DBN)

AMR, parent of American Airlines, lost $1.7 billion in 1Q on bankruptcy-reorganization costs
(DBN)

American Airlines, Pittsburgh airport renegotiating lease
(DBN)

Pinnacle Airlines CEO Stepping Down
(DBN)

Airport fuel dispute spills into San Bernardino bankruptcy case
(DBN)

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Telecoms:

Nokia: On the verge of bankruptcy ?
(DBN)

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Photography:

Kodak CEO's pay was reduced in 2011
(DBN)

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Debt Collection:

An Idea to Limit Body Attachments
(DBN)

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Economy:

Unemployment-aid requests at 4-month high
(DBN)

Philly Fed factory activity wanes in April
(DBN)

Consumer default rates almost back to levels seen before the housing crisis
(DBN)

This Year's Fight Over Taxing the Middle Class—And the Rich
(DBN)

Emerging powers said ready to give IMF billions
(DBN)

CEO Pay: 380 Times Average Worker's
(DBN)

Gen Y's Retirement: Bring Own Life Vest
(DBN)

Hope for Treasury Bailout Profits Rests on Fuzzy Math
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Housing market still weak: Fewer existing homes bought in March
(DBN)

Bank of America Faces Bad Home-Equity Loans
(DBN)

Inside the foreclosure factory: Working OT
(DBN)

10 Questions – And Answers – To Help You Understand the Foreclosure Crisis
(DBN)

Mortgage repurchase progress slows at Bank of America
(DBN)

Jersey City Developer Liberty Harbor North Files for Bankruptcy
(DBN)

The housing market sets the value of good public schools at $205,000
(DBN)

Study shows foreclosure affects children's health, development and education
(DBN)

Multifamily home building to beef up 30% in 2012
(DBN)

Goldman wins mortgage case appealed by German bank
(DBN)

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Tax:

Sprint accused of tax fraud in $300-million suit in New York
(DBN)

IRS Budget Cuts Hurt Effort to Combat Identity Theft
(DBN)

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Banking:

Bank of America Bad-Loan Provisions at 2007 Level
(DBN)

Say Goodbye To Blockbuster Bank Earnings, Forever
(DBN)

Bank Owing U.S. $935 Million Has CEO Family Bad Debts
(DBN)

______________

Corporate Reform:

Fed: Banks Must Conform to Volcker Rule by July '14
(DBN)

US SEC takes action against rater Egan-Jones
(DBN)

______________

Compensation:

US CEO pay gains slow amid investor discontent
(DBN)

______________

Food/Beverage:

Twinkie Maker Asks to Void Labor Contracts to Cut Costs
(DBN)

Bankruptcy judge gives Hostess more time
(DBN)

Unresolved Hostess Contract Disputes May Hinder Bankruptcy Agreement
(DBN)

______________

Pensions:

Hawaii bankruptcy judge to hear first day motions --- A week chock-full of Fund issues --- Dotts: Bankruptcy court has tremendous powers --- 'Worst time in CNMI history' --- Dear attorney general or whoever can answer us --- A retiree's son questions secrecy of filing --- Fund names members holding largest unsecured claims
(DBN)

In apparent first, a public pension plan files for bankruptcy
(DBN)

______________

Defaults:

Global corporate default tally increases to 28
(DBN)

______________

Lehman:

Judge narrows Lehman $8.6 billion lawsuit vs JPMorgan
(DBN)

______________

Health Care:

Troubled Brookdale gets CRO, and will leave MediSys
(DBN)

Cheboygan hospital rally set for Monday
(DBN)

______________

Fraud:

Attorney Fees At Risk in the Aftermath of Ponzi Schemes
(DBN)

SEC probes insider trading at Apollo Group
(DBN)

Goldman Sachs facing a new insider trading probe --- Probe may help Rajat Gupta --- Rajaratnam Had Second Goldman Sachs Tipper
(DBN)

3 Charged in Claimed $15M Fraud; Investors Thought They Were Funding Litigation, Feds Say
(DBN)

Olympus whistleblower Michael Woodford demands to know why he was fired as chief executive
(DBN)

Rakoff Thwarts Madoff Trustee Quest for New Judge
(DBN)

______________

Autos:

Ford's CEO has no regrets about call for bailout
(DBN)

______________

Municipalities:

Issuers See Less Shame in Default
(DBN)

Dubrow Challenges Widely Held Assumptions About Muni Bankruptcies
(DBN)

Rhode Island Sets $118 Million Sale With Cities in Crisis
(DBN)

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Hotels:

Roberts' South Carolina hotel files for bankruptcy
(DBN)

______________

Baseball:

Major League Baseball still seeks details on Dodgers sale
(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 (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (28 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)

______________

Bankruptcy Reform:

Bankruptcy Leaders Call for Chapter 11 Overhaul
(DBN)

______________

Bankruptcy Statistics:

Struggling Economy Keeps TN Bankruptcy Filings on Rise
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Priority Claims:

Snipping the Cords on a Creative Golden Parachute—Section 502(b)(7)Limits Executives’ Protections when the Company Lands in Bankruptcy
(DBN)

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Professional Compensation:

Reimbursement of Creditors' Attorneys' Fees in Chapter 11 Cases
(DBN)

______________

Avoidance Actions:

Using the "Safe Harbor" Defense to Defeat Preference Claims
(DBN)

______________

Litigation:

How to Prepare for E-Discovery Supplementation Obligations
(DBN)

No Forensic Background? No Problem
(DBN)

______________

Security:

Presidential Security Firm Files for Bankruptcy
(DBN)

______________

Insurance:

Should bank challenge to MBIA restructuring go to trial?
(DBN)

______________

Electricity:

Oncor Bonds Show Energy Future Contagion Risk --- Ring fence at Oncor might collapse in a stiff wind
(DBN)

______________

Finance:

Do You Know Where Your Cross-Collateral Clause Is?
(DBN)

______________

Mass Torts:

Second Circuit: Pfizer lost protection against asbestos suits
(DBN)

BP Reaches Settlement on 2010 Spill --- Florida Raises Questions About $7.8 Billion BP Settlement
(DBN)

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Corporate Governance:

Family splits over nursery bankruptcy - Who is a creditor? What is a claim?
(DBN)

Chancellor Strine Talks About What Attracts Corporate Businesses to Delaware
(DBN)

Is Citi's Failed Say-On-Pay Vote a Sign of the Times?
(DBN)

______________

UK:

UK Serious Fraud Office Chief Walks Away From Agency in Flux
(DBN)

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EU:

IMF's Immediate Focus Is to Contain Europe's Debt Crisis --- IMF sets us a heroic target --- IMF's bid for funds just part of Europe's struggle
(DBN)

For Europe, Scrutiny and Diminishing Influence
(DBN)

Corporate Bond Risk Rises in Europe, Credit-Default Swaps Show --- French Credit Risk at Three-Month High
(DBN)

Worst Yet to Come as Crisis Rescue Cash Ebbs, Deutsche Bank Says --- Investors to ECB: 1 trillion euros is not enough
(DBN)

______________

PIIGS:

Spain lurching further toward bankruptcy
(DBN)

Early days for Spain's tug of war with markets
(DBN)

Spanish banks face more property risk - consultant
(DBN)

Italian, Spanish Bonds Decline as G-20 Sees More Stress
(DBN)

Lagarde Suggests New Measures for Greece
(DBN)

A Bedraggled 'Celtic Tiger' Struggles to Retrain Workers
(DBN)

______________

Poland:

Poland says ETS reform could bankrupt its industry
(DBN)

______________

MENA:

Dubai debt : don't mess with the emir
(DBN)

______________

China:

Bankruptcies ripple through Chinese developers
(DBN)

______________

Hong Kong:

HK bankruptcy petitions up 2.8 pct in March vs Feb
(DBN)

______________

Japan:

Company Turnaround Lawyer Shimokobe to Run Tokyo Electric
(DBN)

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Copyright 2012