April 26, 2012

The Daily Bankruptcy News

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Law:

Dewey & LeBoeuf puts one-third of its office space up for sublet --- Reporter: 6 More Dewey & LeBoeuf's on Horizon --- For Most Dewey Lawyers and Staffers, the Silence is Deafening --- Florida example could help drowning Dewey lawyers --- As Dewey Downsizes, Smaller Law Firm's Prepack May Be Roadmap for Solid Future --- Future of Dewey's London trainees depends on outcome of bank loan talks --- Dewey Watch: Greenberg Traurig Partners Reach Out --- Dewey Have An Exorcist In The House? (Plus more potential partner departures.)--- Dewey & LeBoeuf Russia Office Said to Seek New Law Firm
(DBN)

Sheppard Mullin New York Adds bankruptcy Partner
(DBN)

Sidley, Milbank, Kirkland, Littler: Business of Law
(DBN)

Wal-Mart reveals lawyers, accountants on FCPA issues
(DBN)

The Wal-Mart GC Who Resigned During the Mexico Bribery Scandal --- In the Wal-Mart C-Suite, it's the PR Battle That Matters --- Could Wal-Mart Directors be in Hot Water?
(DBN)

TD Bank admits false statement by lawyer, drops Greenberg Traurig
(DBN)

Holland & Knight makes deal to end malpractice trial
(DBN)

Hourly rates charged by major law firms rose nearly 50 percent over the past decade.
(DBN)

Your Bald Spot
(DBN)

Thwarted Hollywood dealmaker targets the lawyers
(DBN)

Would-Be Transfer Student with Emotional and Learning Disabilities Sues for LSAT Accommodations
(DBN)

Law School: Oversold
(DBN)

Law School Transparency: Mistaken beliefs about the crisis of the American law school: If you sue a law school, it will stop publishing fraudulent employment data
(DBN)

Law School Transparency: Mistaken beliefs about the crisis of the American law school: "It's the economy"
(DBN)

Heck, they might be even more deluded than us
(DBN)

Lawyer of the Day: SCOTUS Victor Advises Losing Litigant to Read Opinion ‘Eternally from Hell’
(DBN)

Lawyers: Beware side effects of all-nighter
(DBN)

Firms Seek Fees From Bankruptcy Sale of Florida's Ruden McClosky
(DBN)

Advice from good mentors
(DBN)

Texas Lawyer and His Wife Win Nearly $14M in Libel Suit over Online Comments
(DBN)

Lawyer to pay $500K to settle insider trading case
(DBN)

Courtney Love's Lawyer Reports 'Complete Breakdown' in Client Communications, Wants Out
(DBN)

A Partner’s Cancer Battle Results in Suit over His Law Firm Shares and Insurance Proceeds
(DBN)

Highest UK Court Says Law Firms Can Set Mandatory Retirement for Partners
(DBN)

Quote of the Day: Still, It’s Not Like You Are Justin Bieber
(DBN)

Probation Violation re Ex-Client Voyeurism Case Results in 15-Month Jail Term for Attorney
(DBN)

Plaintiff's claim survives his attorney's 'mistake'
(DBN)

Unorthodox Exception Or Preferential Treatment? Brooklyn District Attorney Refuses To Release Names Of Orthodox Jews Accused Of Child Abuse
(DBN)

Worker’s Suit Claims His Boss Took over His Computer
(DBN)

Meet Paul Hayward: The Neighbor From Hell
(DBN)

Man Held In Jail 12 Years After Completion Of Sentence — Awaiting Forgiveness From Father
(DBN)

Bank robber passes out during heist
(DBN)

A Fairly Strong Claim of Discrimination
(DBN)

Say What?!
(DBN)

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Judges:

Supreme Court Hears Az. Immigration Case --- The Case of the 22 Lewd Chinese Women --- Arizona Crackdown Draws Supreme Court Support --- Roberts: "It seems to me the federal government just doesn't want to know who's here illegally" --- The In-House Impact of Arizona's Immigration Law
(DBN)

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Wall Street:

Stock futures signal higher Wall Street open
(DBN)

Lloyd Blankfein: 'We Haven't Gotten Everything Right'
(DBN)

WHOOPS: This Guy Rang The Closing Bell Early, And Boy Does He Look Embarrassed
(DBN)

Going-Concern Warnings Hang Over IPOs
(DBN)

Fears of New Crisis Growing on Wall Street
(DBN)

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Layoffs:

Why Unions Work in Europe but Not Here
(DBN)

450 face layoffs from Aurora Bank in Indianapolis
(DBN)

I can't find qualified employees
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

AMR Likely to Consider Merger in Bankruptcy , Adviser Says
(DBN)

Boeing backs AMR's reorganization plan
(DBN)

Unions grill AMR exec on merger talks, labor cuts --- AMR needs standalone bankruptcy plan - adviser --- IAM at US Airways unhappy about American Airlines news --- US Airways execs: American Airlines merger would bring $1.2 billion-plus in benefits --- US Airways: We'd Share Merger Synergies With Workers --- Restructuring Chief Defends AMR's Proposed Labor Cuts --- AMR to Probably Consider Merger in Reorganization, Adviser Says --- American Airlines, US Airways Merger Would Probably Lead To Higher Fares And Fees --- IAG Keeps Out of American Airlines Battle --- US Airways aims to convince other AMR creditors --- US Airways to focus on returns to AMR creditors --- Whose vision is better for American Airlines?
(DBN)

Fees in AMR/AA bankruptcy have gone over $30 million
(DBN)

AMR retirees' group doesn't like makeup of bankruptcy committee
(DBN)

Flight Attendant Union Calls for Strike Vote
(DBN)

Rothschild director takes stand in American Airlines bankruptcy
(DBN)

Boeing CEO considers AMR after bankruptcy
(DBN)

Delta Sees Storm Clouds Starting to Clear
(DBN)

Pinnacle furloughing 450 pilots
(DBN)

British Airways/Iberia Chief: More Airline Failures Ahead
(DBN)

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Municipalities:

Rotatori: How Framingham can avoid bankruptcy
(DBN)

Illinois is on a collision course with fiscal reality
(DBN)

California Pays More to Borrow Than Caterpillar
(DBN)

______________

Gambling:

Las Vegas Sands Just Had The Best Quarter In The History Of Casinos
(DBN)

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Native Americans:

Ulster tries to ensure tax payment from Western Mohegan Tribe
(DBN)

______________

Celebs:

Lawyers For 50 (Cent)Attempt To Block Young Buck's Asset Sale Over Dispute
(DBN)

______________

Baby Products:

Maclaren Bankruptcy Trustee Demands Answers
(DBN)

______________

Oil/Gas:

5 Biggest Risks Faced By Oil And Gas Companies
(DBN)

Drilling in Gulf Back with a Vengeance
(DBN)

______________

Economy:

Bernanke Speaks After A Whirlwind Day Of Fed News
(DBN)

Bernanke: Fed stays course with plan to keep rates low
(DBN)

US Durable Goods Orders Down Most in 3 Years
(DBN)

Treasurys slip after Fed suggests no new buying --- Bernanke Sits On A Fence: QE On The Table, But Dangerous
(DBN)

Bernanke says Fed prepared to do more for economy
(DBN)

Economists Are Freaking Out At Bernanke Like Never Seen Before
(DBN)

US taxpayers will not make profit from bailing out banks, says TARP inspector general --- Will Cost Taxpayers $120 Billion
(DBN)

'Frontline' Explains What Happened to All Our Money --- The Best Moments From Frontline's Incredible Financial Crisis Documentary --- One Huge Thing Was Missing From Frontline's Documentary
(DBN)

Deutsche Bank: The Fiscal Cliff Everyone Is Freaking Out About Isn't That Big
(DBN)

SIGTARP vs. Treasury
(DBN)

Geithner: US Economy 'Gradually Getting Stronger'
(DBN)

How to Fix Social Security for Less Than $50 --- The Great American Social Security Lie
(DBN)

New America: In Nothing We Trust
(DBN)

What do we have to show for three and a half years of President Obama?
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Ally's mortgage unit headed for bankruptcy
(DBN)

Judge Denies AIG Motion in BofA Settlement
(DBN)

Interview, MERS RICO complaint: Doug Welborn, State District Court Clerk vs. MERSCORP Shareholders and Trustees
(DBN)

Meet the Voice of Angry Homeowners
(DBN)

Why DeMarco Is Right to Resist Mortgage Principal Writedowns
(DBN)

Toxic assets from financial crisis could become AAA bonds
(DBN)

Mortgage Defaults , Foreclosures Tumble in Sonoma County
(DBN)

Mortgage applications fall on fewer refinancings
(DBN)

Freddie Mac mortgage portfolio shrinks in March
(DBN)

Boston: The Elms Development files for bankruptcy
(DBN)

Home Values in Most Large US Cities Bottoming, Zillow Says
(DBN)

Atlanta Home Price Index Hits 16 Year Low
(DBN)

Condo prices hit new crisis lows in Chicago, Los Angeles, New York and San Francisco --- Nine Cities and Both Composites Hit New Lows in February 2012 According to the S&P/Case-Shiller Home Price Indices
(DBN)

Only 983 borrowers used FHA refi program: watchdog
(DBN)

Senate concerned HARP restricts mortgage servicer competition
(DBN)

Optimism Is Up, but the US Housing Market Faces a Painful Shift
(DBN)

_____________

Tax:

Protest over GE tax payments erupts at company's shareholder meeting --- Elizabeth Warren attacks
(DBN)

Supreme Court restrains IRS in tax shelter case
(DBN)

______________

Student Debt:

The Student Loan Tax
(DBN)

What America Owes In Student Loans
(DBN)

Occupy Student Debt Plans to Protest $1 Trillion Mark
(DBN)

Even after bankruptcy, trapped by student debt
(DBN)

Jimmy Fallon and Obama Jam Session Tackles Student Debt Crisis [+Video]
(DBN)

Obama Pushes Low Rate Student Loans
(DBN)

One Student Loan Story
(DBN)

Student Loans: The Next Bailout?
(DBN)

______________

Consultants:

For AlixPartners, a Sale Provides Avenue for Expansion Abroad
(DBN)

______________

Telecoms:

LightSquared Deadline Ahead as Potential Bankruptcy Looms
(DBN)

LightSquared Creditors Join Forces, Hire Bankruptcy Lawyer
(DBN)

______________

Photography:

No rival bids emerge in deal to sell Kodak Gallery assets to Shutterfly
(DBN)

______________

Media:

Lee Enterprises Defers Pension Payments to Employees
(DBN)

Ex-Baltimore Jewish Times owner now selling smoothies
(DBN)

______________

Paper:

NewPage halting plans for Rapids mill
(DBN)

Catalyst Paper gets two more weeks to win creditor support
(DBN)

______________

Utilities:

Three members still want to leave SME co-op
(DBN)

______________

Health Care:

Cheboygan: Few details shared on 'administrative resolution'
(DBN)

Fire Sale At Peninsula Hospital In Queens
(DBN)

$182,000 to Remove an Appendix?
(DBN)

What tonsillectomies tell us about the future of health care
(DBN)

Accretive Put Debt Collectors in Hospitals, State AG Says
(DBN)

______________

Politics:

Elizabeth Warren will lead
(DBN)

Warren Received Interest-Free Loan from Harvard
(DBN)

Coulter: Elizabeth Warren 'The New Sex Symbol Of The Democratic Party'
(DBN)

Brown, Warren spar over release of tax returns
(DBN)

Mitt Romney's consigliere
(DBN)

Scott Brown makes Romney's life more complicated
(DBN)

______________

Banking:

Chasing Fees, Banks Court Low-Income Customers
(DBN)

30,000 Whistleblowers Report Suspected Bank Fraud To Feds
(DBN)

Billon Dollar Bank Failure Caused By “Massive Bank Fraud” At Bank of the Commonwealth
(DBN)

Credit Suisse's net profit falls 96% - and that actually amounted to a "sharp turnaround"
(DBN)

______________

Defaults:

US corporate defaults rise but outlook favorable: Moody's
(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 (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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:

The Year In Bankruptcy
(DBN)

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Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

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Liquidation:

Expediting Chapter 11 Liquidating Debtor's Distributions
(DBN)

______________

Avoidance Actions:

No equitable tolling of Section 548 “look-back” period
(DBN)

______________

Mootness:

Equitable Mootness and Arbitration: First Impressions in the Ninth Circuit
(DBN)

______________

Jurisdiction:

Rising to the Stern challenge
(DBN)

______________

Mass Torts:

Second Circuit Circumscribes 524(g)Protection for Non-Debtors
(DBN)

BP Spill Judge ‘Leaning’ Toward Approval of Multibillion-Dollar Suit Deal
(DBN)

______________

Consolidation:

The rationale against substantive consolidation of nondebtor entities: Florida on the front line
(DBN)

______________

Claims Trading:

Claims Trading Monthly: March 2012
(DBN)

______________

Litigation:

Virginia Judge Orders Predictive Coding, Despite Plaintiff Objections. Is This the Start of a New Era?
(DBN)

______________

Insurance:

Rates for directors, officers liability insurance firming: Marsh
(DBN)

"In fact" requirement triggered by jury's guilty verdict
(DBN)

______________

Food/Beverage:

Onion Company's President Cries Out Against Lender
(DBN)

Buffets Restaurants Files Plan to Pay Creditors $4 Million
(DBN)

Federal Bankruptcy Court Dismisses Petition Against VitaminSpice, Inc.
(DBN)

______________

MF Global:

Answers sparse regarding MF Global
(DBN)

Jon Corzine Is the Original George Zimmerman
(DBN)

______________

Mail:

Senate nears passage of bill to slow postal cuts
(DBN)

______________

Corporate Governance:

Annual Meetings Face Protests from the "99 Percent"
(DBN)

______________

Fraud:

SEC Reaches $33 Million Settlement in Insider Trading Case
(DBN)

Bond Insurer's Fraud Suit Against Goldman Survives Dismissal Bid
(DBN)

NY, Fla. associates of 'mini-Madoff' arrested
(DBN)

TD Bank Replaces Law Firm in Legal Battle
(DBN)

______________

Debt Collection:

Debt collector accused of targeting patients in hospital
(DBN)

Woman Fights to Collect $10 Million from Debt Collectors
(DBN)

Your Next Facebook Friend Could Be a Debt Collector
(DBN)

______________

Derivatives:

Marvel At The Derivative On Its Derivatives That Credit Suisse Wrote To Itself
(DBN)

______________

Autos:

Chrysler reports best quarterly net earnings in 13 years
(DBN)

______________

Cross-Border:

Cross-border restructuring know-how
(DBN)

______________

UK:

UK Returns to Recession in First Quarter --- Not Everyone Loses in 'Double-Dip' Britain
(DBN)

Record number of Scottish businesses fail as UK economy dips back into recession
(DBN)

The UK's Weakest Recovery In 100 Years
(DBN)

Restructurer: 'I have had stones thrown at me'
(DBN)

______________

EU:

Fire sale at Europe's banks
(DBN)

Euro zone woes keep banks wary after Q1 bounce
(DBN)

Europe Considers Euro Bailout Aid for Banks: Report
(DBN)

Why Hasn't the Euro Fallen More in the Crisis?
(DBN)

Growth in Europe? Call It a Very Vague Aspiration
(DBN)

Europe 'faces a Japan-style Lost Decade'
(DBN)

______________

PIIGS:

Greece Stops Paying Benefits To Fraudsters; Central Bank Chief Touts Austerity
(DBN)

______________

Canada:

CAW Calls on Government to Reform Bankruptcy Legislation for Equitable Treatment of Former Nortel Employees
(DBN)

______________

India:

S&P downgrades India's credit outlook to negative
(DBN)

______________

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Copyright 2012