April 23, 2012

The Daily Bankruptcy News

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Law:

A Prominent Bankruptcy Lawyer Now Ministers to His Firm --- Dewey Looking For a Buyout with Pre-packaged Bankruptcy --- Greenberg says it discussed hiring Dewey lawyers --- Greenberg confirms Dewey talks as firm considers 'strategic combination' --- Amid Bankruptcy Reports, Dewey Says It's Eyeing All Options --- Incoming Dewey Associates in Limbo --- Dewey instructs New York bankruptcy specialist --- What's at stake? A star not invested in you isn't worth much --- Dewey Have Enough Money To Use FedEx?
(DBN)

Skadden, Cleary, Wachtell, Hogan, O’Melveny: Business of Law
(DBN)

Dewey, SFO's Alderman, Sullivan, Akin Gump: Business of Law
(DBN)

The Most Influential Lawyers in the World: Attorneys on the Time 100
(DBN)

The Age-Old Problem of Age
(DBN)

1 in 5 NY Law School Grads Find Jobs at Small Firms
(DBN)

Jordan Harbinger, Interesting Guy, Not Best Face of BigLaw Layoffs
(DBN)

Financier Sues 2 LA Law Firms for $100M, Says They Abetted In-House Counsel’s Breach of Duty
(DBN)

Lawyer sanctioned for frivolous behavior and abuse
(DBN)

Lawyer Dog Goes Viral
(DBN)

Spring Office Openings on Tap for Several Firms
(DBN)

Trustee wants another interview with Pavilack
(DBN)

Jurors Award $34.5M to Investors in Suit Against Holland & Knight
(DBN)

Law Revue Video Contest: Honorable Mentions
(DBN)

Law Professor of the Day: Don’t Stand So Close to Me
(DBN)

Top Ten Law School Lists
(DBN)

Law students adopt Law Hawk as mascot
(DBN)

Law School Transparency: Stories from all over
(DBN)

Improving Mentoring Programs By Assuming the Worst of the Participants
(DBN)

I Got Busted for Steroids
(DBN)

Federal Jury Convicts Attorney and His Mom of Lying in Law Office Tax Case Launched By His Ex-Wife
(DBN)

The tattooed prosecutor: From dropout to the courtroom
(DBN)

George Zimmerman released on bond
(DBN)

'Deal of the Day' Marketing Approved for N.Y. Lawyers -- With Caveats
(DBN)

Lead Counsel in OJ Simpson Case Sues 3 Lawyers for Claimed Slander in Legal Fee Dispute
(DBN)

Federal Judge Tosses Jury Tampering Charge Against Nullification Advocate
(DBN)

Court Stays Jail Sentence for Overscheduled Lawyer
(DBN)

Widow Argues for Right to Keep Husband Buried in Backyard
(DBN)

Jury, Interrupted: Judge Wrestles With Lawyer's Costly 'Mistake'
(DBN)

Thieves Steal Penguin
(DBN)

Woman Arrested In Biting Attack Over Parking Space
(DBN)

Say What?!
(DBN)

______________

Judges:

Senate acts to help bankruptcy courts
(DBN)

Meet Judge Judy’s Longtime Bailiff, Byrd, the ‘Kato to her Green Hornet’
(DBN)

Tough Judge Who Intended to Give Witness Contempt Time for Causing Mistrial Relents After Testimony
(DBN)

Divining Congress’s intent
(DBN)

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Wall Street:

Stock futures signal lower Wall Street open
(DBN)

Stocks post first winning week this April
(DBN)

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Layoffs:

Factory Jobs Returning to the US
(DBN)

Where have all the women's jobs gone?
(DBN)

Most in U.S. Know a Laid-Off Worker, but Don't Fear Job Loss
(DBN)

More companies planning to hire: NABE survey
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Mail:

Postal Service's money troubles to spread neighborhood cluster-style mail delivery
(DBN)

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Municipalities:

Alabama court says bonds not needed for muni bankruptcies
(DBN)

Alabama legislators give Jefferson County the run-around --- Jefferson County lawmakers to revisit compromise
(DBN)

Supreme Court ruling clears way for Prichard to seek bankruptcy --- Prichard bankruptcy wouldn't jeopardize agreement with pensioners
(DBN)

Framingham taxpayers association predicts town bankruptcy
(DBN)

Unions the culprit in LA insolvency?
(DBN)

Dauphin County, Pa., Sues for Attorney Fees
(DBN)

Rhode Island Muni Bond Sale To Test 'Investor-Friendly' Laws
(DBN)

Roots of Scranton's financial distress stretch back decades
(DBN)

NY's Ravitch and Brodsky Weigh The Status of Pension Obligations
(DBN)

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Celebs:

Lenny Dykstra Faces New Charges in Bankruptcy Fraud Case
(DBN)

The Broke and the Beautiful: Boom Boom Pow Edition
(DBN)

Pro athletes often fumble the financial ball
(DBN)

Times are bad, even for a du Pont - Amid economic slump, family heir files for bankruptcy protection
(DBN)

Montell Jordan in Trouble with Uncle Sam?
(DBN)

______________

Lehman:

JPMorgan wins second victory in Lehman-linked lawsuit
(DBN)

Lehman's Swiss Unit Sues Bank of Singapore Over Derivative Deals
(DBN)

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Turnarounds:

Driscoll named to Turnaround Management Association board
(DBN)

______________

Bonds:

Heady days of record low junk bond yields over for now
(DBN)

______________

Corporate Reform:

CFPB Stepping into Vigilante Territory
(DBN)

The SEC: Outmanned, Outgunned, and On a Roll
(DBN)

Living Under the Volcker Rule: A Preview for Banks
(DBN)

Consumer Financial Protection Bureau to investigate bank overdraft fees --- Banks Report $31 Billion in Overdraft Fees in 2011
(DBN)

Documents reveal CFPB’s Cordray doubtful of his appointment’s constitutionality
(DBN)

______________

Politics:

Warren Says She Did Not Pay Voluntary Higher Tax --- Candidates fence over tax returns --- Scott Brown: No Booze Until Election Day
(DBN)

Mr. Fiscal Responsibility
(DBN)

______________

Autos:

Crises make automakers rethink lean parts supplies
(DBN)

______________

Religion:

Philadelphia trial unearths shocking tales of widespread abuse by priests
(DBN)

Archdiocese of Milwaukee Bankruptcy Comes with Troubling Numbers
(DBN)

______________

Hotels:

Clarion Inn faces foreclosure
(DBN)

______________

Tax:

UBS Head: Tax Flap is Economic War
(DBN)

______________

Telecoms:

BlackBerry maker hires law firm for restructuring
(DBN)

______________

Economy:

Earnings, Fed to prove skeptics wrong
(DBN)

U.S. economy stuck in neutral
(DBN)

Awash in money and piles of debt
(DBN)

IMF wants to build 'global firewall' --- IMF wraps up meeting with full coffers
(DBN)

History Shows Debts That Can’t Be Paid, Won’t Be
(DBN)

World's 40 Richest Worth $1 Trillion
(DBN)

Railroad Profits Show Growing Economy
(DBN)

Did the White House use ‘fuzzy math’ on the bailout?
(DBN)

Feds eye retirement-fund tax to cut $16 trillion-plus deficit
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

NY foreclosures are likely to jump
(DBN)

Can You Sue Your Bank for Failure to Offer Loan Modifications?
(DBN)

Housing Survey: Fewer "low ball" Offers in 2012
(DBN)

Mortgage payments at lowest level in decades
(DBN)

Wells Fargo Insiders Detail Foreclosure Fraud Practices: ‘It’s Exactly Like An Assembly Line’
(DBN)

Illinois home prices halt 20-month price descent
(DBN)

California Bay Area home sales hit 5-year high
(DBN)

Miami condo prices surge 46%, homes also post strong gains
(DBN)

Moody's predicts tougher times for some homebuilders
(DBN)

Obama's Mortgage Task Force: Working Hard or Hardly Working?
(DBN)

NY AG's Office Refutes Charges Of Inactive RMBS Task Force
(DBN)

Hefty payments to reach military foreclosure victims
(DBN)

Va. developer pleads guilty to $41M fraud that contributed to bank failure
(DBN)

Fitch Ratings Predicts More Securitization Of Nonperforming CRE Loans
(DBN)

Financing for Multifamily Real Estate Drives Market Inefficiencies
(DBN)

The Ten Most (And Least)Affordable Cities To Buy A Home
(DBN)

Couple held at gunpoint, arrested after buying home
(DBN)

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Retailing:

Wal-Mart silenced huge Mexican bribe inquiry
(DBN)

______________

Banking:

Bank of America’s proposed $20 million shareholder settlement over Merrill deal is challenged
(DBN)

Fed Creates Council to Study Stress Tests of U.S. Banks
(DBN)

Fort Lee Federal Savings Bank, New Jersey, Closed By Regulators
(DBN)

Lending, Investing Can Be a Risky Combo Was Repeal of Glass-Steagall Misguided?
(DBN)

______________

Aviation:

Officials: AA, US Airways merger would present challenge --- Merged airline would be called American Airlines, headquartered in Fort Worth --- US Airways takes a step toward merging with American Airlines --- US Airways CEO oversaw rescue, merger of airlines --- American Airlines: We're going ahead with efforts to reject our labor contract --- US Airways, 3 American Airlines unions sign deals --- Glading says it's nothing personal, just good business --- Bates: US Airways has a good plan, American Airlines doesn't --- IAM: We'll protect our members' interests in possible AA merger --- APFA puts up FAQs on its merger deal --- US Airways union: AA merger has to recognize sacrifices made by pilots --- Fort Worth Chamber, Dallas Regional Chamber Issue Joint Statement on American Airlines Takeover Bid --- Airline Mergers Often Good for Business, Not Consumers --- American, US Airways Merger Could Spell Frequent Flyer Trouble --- Don't Buy the Hype of a US Airways-American Merger --- Where does the PBGC stand on a possible US Airways-American Airlines merger? --- How a US Airways-American Airlines merger would stack up against United and Delta --- US Airways Walks Tightrope
(DBN)

Behind the Worker Revolt at American Airlines
(DBN)

AMR to Present Case for Throwing Out Union Contracts Monday
(DBN)

American Eagle Flight Attendants Continue Talks --- What happens to American Eagle in an AA-US Airways merger?
(DBN)

Five named to American Airlines retirees committee in bankruptcy case
(DBN)

TWU wants to exclude others on unsecured creditors committee from contract rejection hearings
(DBN)

Ex-Frontier CEO Sean Menke resigns from Pinnacle Airlines
(DBN)

As ACE winds down, questions linger over lasting effects on Air Canada --- The children of ACE Aviation
(DBN)

Court Declares Avianova Airline Bankrupt
(DBN)

Things You Can't Do on a Plane: Vol. 17
(DBN)

______________

Compensation:

Ex-CEO Schmidt gets $101M pay package in new Google job
(DBN)

Chesapeake chief's pay chopped
(DBN)

Citi CEO, Directors Sued Over Exec Pay
(DBN)

______________

Mass Torts:

McKenzie on the Bankruptcy Model for Mass Torts
(DBN)

______________

Student Debt:

Protesters’ furious new front
(DBN)

Some Thoughts on the Student Loan Debt Problem
(DBN)

Student-loan debt seen as growing threat to the economy
(DBN)

Obama recommends student loan forgiveness: Is it missing the point?
(DBN)

The New Financial Paradox of College
(DBN)

______________

Food/Beverage:

Reddy Ice Holdings' bankruptcy plan: Give shareholder $1 million, give local retailers cold shoulder
(DBN)

Hunts Point PACA case mired in legal quagmire
(DBN)

Onion packer seeks bankruptcy protection
(DBN)

Papa John's paying $3.75M to buy Colorado franchises
(DBN)

______________

Radio:

Bankruptcy puts radio properties on auction block
(DBN)

______________

Photography:

Heidelberger Druck profit hit by Kodak bankruptcy
(DBN)

______________

Debt Collection:

Debtors seethe, sue over collector tactics
(DBN)

Illinois “Debtors Prison” Bill in Senate Committee Hearing This Week
(DBN)

Court Halts Alleged Fake Debt Collector Calls from India
(DBN)

Massachusetts first state to require creditors to validate consumer debts
(DBN)

CFPB's First Annual Report Regarding The Fair Debt Collection Practices Act
(DBN)

Man Allegedly Slices Another Man’s Ear Off Over Unpaid Debt
(DBN)

______________

Distressed Debt:

Fitch Sees Rising Default Rate, Growing Pool Of Risky Bonds
(DBN)

______________

Health Care:

Financially troubled NJ hospitals to share $30M in grants
(DBN)

NJ business offers to buy RI's Westerly Hospital
(DBN)

______________

MF Global:

MF Global Customers Press J.P. Morgan for Funds
(DBN)

MF Global: The Untold Story of the Biggest Wall Street Collapse Since Lehman
(DBN)

MF Global Bondholders Feel Duped, With Good Reason
(DBN)

______________

Prisons:

ICE detention center struggling financially
(DBN)

______________

Hollywood:

David Bergstein Ramps Up Legal Assault With $100 Million Suit Targeting Attorneys
(DBN)

______________

Asset Protection:

Polo Mogul Who Adopted Adult Gal Pal Paid $46M to End Crash Case, Says ‘Wealth Bias’ Put Him in Jail
(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 (40 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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:

Bankruptcy Week Ahead: Supreme Court to take up credit-bidding issue
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Avoidance Actions:

No Application of Stern to Fraudulent Transfer, Preference Claims
(DBN)

______________

Claims Trading:

The Great Debate
(DBN)

______________

Sales:

US Supreme Court to hear 'credit bidding' case
(DBN)

______________

Plan Confirmation:

The Assignment of Voting Rights in Intercreditor Agreements
(DBN)

______________

Valuation:

Great Wolf Shows Shortcomings of Banker Valuation Opinions
(DBN)

______________

Litigation:

Did Your Notary Swear It to Be True? If Not, Your Affidavit May Be Invalid
(DBN)

Bad Habits and Rhetorical Sins in Court
(DBN)

______________

Insurance:

MBIA, BofA to face off in May on insurer's restructuring
(DBN)

______________

Pensions:

Bankruptcy judge orders next NMI hearing on June 1
(DBN)

Fund lawyer: Benefit cuts inevitable
(DBN)

Fund can't file bankruptcy petition, says lawyers of retirees
(DBN)

Gotbaum Wins Battle As He Tries To Stabilize Pension Agency
(DBN)

______________

Trucking:

YRC seeks more favorable loan agreement to remain in financial compliance
(DBN)

______________

Electricity:

Bankruptcy court to determine future of AES Somerset plant
(DBN)

______________

Consultants:

Deloitte to purchase CRG Partners
(DBN)

______________

Turnarounds:

Alternative Financing Sources Options for Challenging Situations
(DBN)

Managing Lender Communications During Distress
(DBN)

______________

Art:

The Knoedler Gallery Forgery Scandals and Shuttering—Who’s to Blame?
(DBN)

______________

Alternative Energy:

Hundreds of probes target DOE programs
(DBN)

______________

Fraud:

Hedge fund that invested with Madoff pays millions
(DBN)

Prosecutors Show Few Cards at Gupta Hearing
(DBN)

Feds Seek to Seize $1.4MM From Le-Nature's Podluckys
(DBN)

______________

Corporate Governance:

Chesapeake’s CEO Doesn’t See Why He Should Have Told A Bunch Of Pesky Shareholders About Borrowing A Billion Dollars Against Company Assets
(DBN)

______________

Cross-Border:

Solicitor-Client Privilege at Issue in Cross-Border Ponzi Case
(DBN)

______________

UK:

Unsettling settlements --- A move towards a universal approach to cross-border insolvency cases
(DBN)

Britain's NCP gets debt restructuring green light
(DBN)

Singapore group withdraws Rangers bid --- Rangers administrators’ issue new statement
(DBN)

Devil is in the detail for Tesco turnaround
(DBN)

Barclays Chiefs Tie Half of Bonus to Profitability
(DBN)

Britain's NCP gets debt restructuring green light
(DBN)

______________

EU:

Euro-Area Services, Manufacturing Contract More Than Estimated
(DBN)

IMF Urges Bold Changes In Europe
(DBN)

Europe: 'Dark clouds on the horizon'
(DBN)

IMF'S Lagarde Enjoys Funds Victory Exposing Rifts Over Europe === Euro retreats as IMF provides little boost
(DBN)

Why Europe Needs Austerity--It's Not Why You Think
(DBN)

No Avoiding Credit Squeeze As Europe's Banks Shrink
(DBN)

German Manufacturing Shrinks Fastest Since 2009
(DBN)

What Happens If Plan A(usterity)Fails?
(DBN)

______________

PIIGS:

Spain Leads Increase in European Credit Risk on Deficit Concern
(DBN)

Spain's Economy Dwindling
(DBN)

No plans to use bailout funds for Spanish banks
(DBN)

ie: Debt Bill will fail over bank veto, says US expert
(DBN)

Irish 2011 deficit lower than expected at 9.6 pct
(DBN)

ie: Bankruptcy expert calls for legislation on debt forgiveness
(DBN)

BOI Offers Negative Equity Loans
(DBN)

Four Greek banks announce losses of US$36.9 billion in 2011
(DBN)

Appeal court trims jail term for Parmalat founder
(DBN)

______________

China:

Bankruptcies ripple through Chinese developers: report
(DBN)

______________

Canada:

Default on $100 million debt could cause bankruptcy action --- Funding dispute threatens future of River Cree Casino
(DBN)

Investors are Big Casualty of Booming Oil Patch
(DBN)

______________

Argentina:

Argentina says goodbye to international bond markets --- Hue and cry for Argentina
(DBN)

Argentina aims to stop fund seeking info on assets
(DBN)

______________

MENA:

Kuwait's Global to hold bondholder meetings on Apr 24
(DBN)

______________

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Copyright 2012