April 25, 2012

The Daily Bankruptcy News

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Law:

Massive New York Law Firm Dewey & LeBoeuf Facing Bankruptcy --- Dewey & LeBoeuf lender deadline draws near-source --- A Paralegal’s Lament --- Dewey Have A Shot Of Working Out A Rescue Plan -- Before The Loans Come Due? --- Greenberg Traurig Explores Dewey & LeBoeuf Deal --- Dewey Faces Debt Deadline --- Akin Gump in talks to take on team of Dewey partners in London --- Former Dewey Ballantine chief quits Dewey for KPMG --- Dewey partners leave for KPMG and A&O as exits this year pass 70
(DBN)

A Biglaw Firm Institutes A Smaller Hours Requirement
(DBN)

Caveat Everybody
(DBN)

In New York, Nearly Equal Numbers of Law Grads Go to Work for Small and Large Firms
(DBN)

It Takes More to Be a 1 Percenter in DC; Ex-BigLaw Partner Hopes to Be a Billionaire
(DBN)

Millett Makes History with 31 Cases Argued in Supreme Court
(DBN)

Is Your Firm or Legal Department ‘Old Normal’ or ‘New Normal’?
(DBN)

Former Halliwells partner wins clawback protection case --- BDO loses in Halliwells case but judge leaves door open for fraud claim
(DBN)

The New Blueprint - If you think corporate lawyers still dominate big U.S. law firms, think again
(DBN)

Law Firm Attorney Pages vs. LinkedIn Pages
(DBN)

Blind Carbon Copied Email Can Make You Unpopular at the Office
(DBN)

Wired Lawyers Are Example of Changing Workplace: We Communicate, But We Don’t Converse
(DBN)

Law School Transparency: What's in a number?
(DBN)

Yale Law Study Finds Gender Imbalance in Student Participation
(DBN)

2012 Law Revue Video Contest Winner: It Was Close
(DBN)

“Worst law school in five states”
(DBN)

Judge OKs AG’s Plan to Subpoena Legal Fee Info re 20 Mob Case Defendants, Nixes Privilege Claim
(DBN)

After 6 Months in Club Fed, High-Profile Criminal Defense Lawyer Mickey Sherman Is Back at Work
(DBN)

Texas Couple Wins Massive Defamation Verdict Against (No Longer)Anonymous Commenters
(DBN)

Report: Lawyer's Hundreds of Texts, Calls to Judge During Trial Merit 1-Year Suspension
(DBN)

Say What?!
(DBN)

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Judges:

How the justices came to America
(DBN)

'No Shame In My Game,' Says Judge Who Texted His Chest Photo to Bailiff; Angry Husband Complained --- Judge of the Day
(DBN)

The Supreme Court and Obamacare: The justices should be careful not to let public opinion guide their decisions.
(DBN)

Supreme Court is political by design
(DBN)

Which Federal Appeals Court Cites Wikipedia Most?
(DBN)

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Wall Street:

US stock index futures signal gains for equities
(DBN)

US Stocks Mostly Higher, But Nasdaq Slips
(DBN)

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Layoffs:

Small Biz Out of Gas on Hiring
(DBN)

How Wall Street Layoffs Will Affect The Housing Market
(DBN)

Out of college, out of luck
(DBN)

Why Doesn't Apple Employ More Americans?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Photography:

US bankruptcy trustee objects to Kodak bonus plan
(DBN)

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Aviation:

Bankruptcy at 30,000 Feet: The Battle for the Future of American Airlines
(DBN)

American Airlines cites bleak finances in bankruptcy court
(DBN)

Slide show: What's at stake in a US Airways-American Airlines merger
(DBN)

US Airways And American Airlines Seek A Deadly Embrace
--- What Does An American-US Airways Merger Mean for Business Travelers? --- TWU accords with US Airways said to boost leverage in AMR talks --- American, unions work on side deal --- US Airways Said to Approach AMR Bondholders on Merger --- Analyst pegs American/US Airways merger possibility at 90 percent
(DBN)

American Airlines executive defends American's business plan --- Court hearing, after heavy lifting on Monday, changes to chipping --- Testimony continues in American's Section 1113 hearing --- U.S. bankruptcy judge says he will decide based on "what's in front of me" --- Judge says let's hurry it up if we can --- Unions grill AMR exec on merger talks, labor cuts --- American executive describes a late-developing decision to file for bankruptcy
(DBN)

Flight attendants pooh-pooh creditors' committee support of contract rejections
(DBN)

1Q losses expected for Delta, US Airways
(DBN)

______________

Consultants:

CVC Capital to take over AlixPartners
(DBN)

Gibson Dunn, Simpson, Willkie Handle Sale of Turnaround Consultancy AlixPartners
(DBN)

______________

Health Care:

Health care group wants to reopen parts of Cheboygan Memorial Hospital
(DBN)

Hospital lawsuits force financial pain on distressed patients
(DBN)

______________

Paper:

Pensioners fear huge losses if Catalyst resold
(DBN)

______________

Hollywood:

Miramax Owner Settles David Bergstein Lawsuit
(DBN)

______________

Economy:

$14 Trillion Spent on Saving the World's Economy (So Far)
(DBN)

Fed to stand pat, Bernanke briefing will set tone
(DBN)

Fed Struggles with Slowest Recovery in Memory
(DBN)

Middle Class Has No Reason to Cheer Economy
(DBN)

Is Social Security really "exhausted?" Not at all --- Making Sense of the 2012 Social Security Trustees' Report
(DBN)

Stiglitz: America Is Being Devoured By Parasites
(DBN)

Americans remain confident in April
(DBN)

Sheila Bair: Low Interest Rates Will Create Big Problems
(DBN)

Don't Blame the 1% for the Pay Gap
(DBN)

11 Big Bubbles Being Blown Right Now
(DBN)

Is the Fed Blowing Another Bubble?
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Home prices: New numbers raise hopes they're finally starting to stabilize --- Mixed Housing Data Point to Uneven Recovery
(DBN)

California Defaults Drop to Five-Year Low on Short Sales
(DBN)

S&P/Case-Shiller: Home Prices Fell In February
(DBN)

U.S. home values rise the most in six years: Zillow
(DBN)

New home sales drop 7.1%
(DBN)

Foreclosures squeezing US home prices and sales
(DBN)

AG settlement mortgage servicing standards enforceable in six months
(DBN)

LPS: Mortgage delinquency rate falls 8.8% in March
(DBN)

Richard Cordray's War On Mortgage Servicers
(DBN)

Buyers Walk the Walk
(DBN)

Bankruptcy plan for Regency Park in Mount Holly gets OK
(DBN)

Class of Veterans Sues HSBC Over Foreclosures
(DBN)

MERS, Banks Call A.G.'s Suit Factually, Legally Deficient
(DBN)

SEC charges H&R Block subsidiary in subprime case
(DBN)

_____________

Mass Torts:

Feds make 1st arrest in BP oil spill case
(DBN)

______________

MF Global:

MF Global Bankruptcy Trustee: Not Seeking Bonuses for Employees --- Just Kidding About Paying Out Bonuses To Upper Echelons ...
(DBN)

MF Global suits combined in New York over customer objections
(DBN)

MF Global Trustee Calls for Fund to Protect Customers
(DBN)

Trading Surges in MF Global Bankruptcy Claims
(DBN)

Where There's Smoke There's Louis Freeh
(DBN)

CFTC Chief & Regulators Testify on MF Global Collapse
(DBN)

James Giddens, MF Global Trustee, To Seek Civil Fines From Executives
(DBN)

Loophole Irks MF Global Trustee
(DBN)

MF Global Trustee: Change the Law to Make Execs Accountable
(DBN)

CFTC's Sommers says no conclusions yet on MF Global
(DBN)

MF Global Inc. Customers Can Receive Another $685 Million
(DBN)

An MF Global Trustee Defends His Inquiry
(DBN)

______________

Orchestras:

Philadelphia Orchestra settles with musicians' pension fund --- Clears way for end to the orchestra bankruptcy
(DBN)

______________

Autos:

Fitch raises Ford's credit rating to investment grade from junk
(DBN)

GM Holds Off Announcing Europe Rescue Plan
(DBN)

______________

Media:

Tribune Creditors Seek to Add $222 Million Claim in Lawsuits
(DBN)

______________

Banking:

IMF Staff Backs Mandatory Debt Restructuring Policy For Major Banks
(DBN)

Hundreds of community banks still struggle to repay bailout
(DBN)

United Western Makes Its Case
(DBN)

______________

Rating Agencies:

SEC charges credit rater Egan-Jones
(DBN)

______________

Golf:

Spanish Trail golf club resolves bankruptcy
(DBN)

______________

Utilities:

Bankruptcy judge hears co-op's request to leave Southern
(DBN)

______________

Corporate Reform:

SEC Comes Down Hard on Egan-Jones
(DBN)

Why the CFPB was right to walk away from fee-harvester battle
(DBN)

CFPB launches probe into arbitration clauses on mortgages
(DBN)

______________

Religion:

Cardinal Mahony dodges again
(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 (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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 Statistics:

O.C. March bankruptcies highest in 7 months
(DBN)

Las Vegas: Bankruptcy numbers decrease during first quarter of 2012
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Sales:

United States Supreme Court Hears Oral Argument on RadLAX Case
(DBN)

Justices Skeptical Of Attempts To Block 'Credit Bidding'
(DBN)

______________

Arbitration:

Court Holds Plan Does Not Trump Arbitration Clause In Parties’ Agreement
(DBN)

______________

Good Faith:

Mezzanine Borrower’s Chapter 11 Case Filed on Eve of Foreclosure Sale Dismissed as a Bad Faith Filing
(DBN)

______________

Insurance:

MBIA on Winning Streak Heading into Trial on Restructuring Challenge
(DBN)

______________

Celebs:

50 Cent Stakes Claim in Young Buck Recordings
(DBN)

'Real Housewives of New Jersey': Teresa Giudice talks bankruptcy
(DBN)

______________

Telecoms:

Nortel bankruptcy mediation begins with $9 billion on the table
(DBN)

LightSquared creditors unite on bankruptcy talks
(DBN)

Fitch Downgrades Nokia to Junk
(DBN)

______________

Municipalities:

State lawmakers meet privately about county's woes
(DBN)

Providence mayor's budget freezes pension increase
(DBN)

Distressed Municipalities: Should They Pay Up?
(DBN)

______________

Politics:

Harvard professor chases liberal vote
(DBN)

FactCheck: Romney's Business Start-up Stat
(DBN)

______________

Student Debt:

Lender Banks on College Alumni to Help Solve Debt Crisis
(DBN)

Speaking of Student Loans . . .
(DBN)

______________

Debt Collection:

The Return of Debtor’s Prison? Only for Those Who Can’t Make a Court Appearance
(DBN)

______________

Fraud:

Alleged Ponzi Schemer Can't Shield Legal Papers
(DBN)

First Solar Execs Accused of Inside Trading
(DBN)

Ex-Attorney, a Harvard Law Grad, Gets Nearly 5 Years in $7M Ponzi Scheme
(DBN)

Fraud lawsuit survives over Goldman's Abacus CDO
(DBN)

Gupta, Prosecutors To Keep Secret New Goldman Tipper Documents
(DBN)

______________

UK:

UK back in recession after 0.2 pct Q1 contraction
(DBN)

Full extent of Rangers FC claims against Collyer Bristow laid bare
(DBN)

______________

EU:

The Failure of the Euro Experiment in Two Charts
(DBN)

Sovereign debt more popular as ECB collateral
(DBN)

Europe's Debt Crisis: It's Alive
(DBN)

Lesson for Obama on EU's Failed Austerity
(DBN)

______________

PIIGS:

Greece Worse Off Staying in Euro
(DBN)

______________

China:

China's Biggest Banks are Squeezed for Capital
(DBN - NY Times - Paywall Limit Possible)

______________

Iceland:

Ex-Iceland PM Guilty on Negligence
(DBN)

______________

Mexico:

The Mexican Side of the Wal-Mart Bribery Scandal
(DBN)

______________

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Copyright 2012