April 27, 2012

The Daily Bankruptcy News

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Law:

Greenberg More Likely to ‘Cherry Pick’ than Merge with Dewey, Partner Says; Calif. Meetings Reported --- Dewey & LeBoeuf To Sublease Executive Floor --- With a bang, not a whimper --- Dewey & LeBoeuf Crisis Mirrors Legal Industry's Woes --- Dewey & LeBoeuf Approaches Deadline on Survival Plan to Present its Banks --- Is Dewey partner Henry Bunsow the Angel of Death?
(DBN)

With feds, bankruptcy judge and bar after him, lawyer's in 'bad situations' indeed
(DBN)

The Am Law 100 2012 --- The Haves and the Haves Less --- Debuts And Departures --- Race to the Top --- Combo Craze --- Edged Out --- Dewey & LeBoeuf: A Note --- Probing and Profiting --- Taking a Time-Out
(DBN)

Shiny Happy Firms
(DBN)

Linklaters leaders apologetic over controversial restructuring
(DBN)

Sullivan & Cromwell Announces (Paltry)Spring Bonuses
(DBN)

What does Paul Clement believe about federalism? It depends.
(DBN)

Matthew Kluger, Cohorts to Pay a Combined $32.9 Million to Settle SEC's Insider Trading Case
(DBN)

Briefly Jailed for Barratry, Prominent Texas Lawyer Accused of Using Runner to Seek Attorney’s Case
(DBN)

Silence of the Lambs—Yale Law Women
(DBN)

In-House: How Do You Displace A Competent Incumbent?
(DBN)

From Biglaw to Boutique: Grammar Police
(DBN)

'Tiger Mother' Has Her Professional Side
(DBN)

Quote of the Day: And This Makes Us Feel Better How?
(DBN)

Outlook Meeting Request Dos and Don't's
(DBN)

Bar Board Nixes Discipline for Associate Who Looked at Mintz Levin Docs Anticipating Personal Suit
(DBN)

Houston lawyer files EEOC complaint alleging sexually hostile work environment
(DBN)

Lawyer Convicted in Hate-Crime Case For Harassing Calls to Neighbors Gets Prison Time
(DBN)

Federal Judge Gives Lawyer the 10-Year Max in Teen Enticement-Attempt Case
(DBN)

Baker & McKenzie accused of sending "goon squad" to threaten blogger
(DBN)

66-Year-Old Michigan Law Grad Used 1960s Acceptance Letter
(DBN)

Law School Closings and Changes To Student Loan Bankruptcy Laws May Be Ahead, Says Former Dean
(DBN)

Law School Transparency: Mistaken beliefs about the crisis of the American law school: Law school used to be cheap
(DBN)

Saddled with their Daughter’s Law School Debt, Parents Consult Abby
(DBN)

Senior Partner stars in Hollywood blockbuster
(DBN)

Fake Dunkin' Donuts auditor arrested
(DBN)

Goldilocks burglar busted after falling asleep on the job...
(DBN)

Exec Says Boss Took Liberties With His Wife
(DBN)

Man forced to perform "moonwalk" at gunpoint
(DBN)

Heimlich Maneuver by policeman saves Shih Tzu
(DBN)

New Law Will Allow Sex After Death. Seriously.
(DBN)

Say What?!
(DBN)

______________

Judges:

Federal Judge, 'Like So Many Others,' Files for Bankruptcy
(DBN)

Benchslap of the Day
(DBN)

SDNY Chief Bankruptcy Judge: Federal Mortgage Assistance Starting to Help Debtors
(DBN)

In Protest of Recess Appointments, Senator Votes 'No' on Judicial Nominee He Supports
(DBN)

Former chief administrative judge to be deposed in 'Law & Order' lawsuit
(DBN)

As Supreme Court mulls healthcare, rumors fly
(DBN)

And the Funniest Justice is…
(DBN)

Appeals court criticizes judge for 'gross miscarriage of justice'
(DBN)

______________

Wall Street:

Stock index futures signal mixed open
(DBN)

Dow Gains Over 100 Points
(DBN)

______________

Layoffs:

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

Fed: Unemployment could be below 8% by election day
(DBN)

New Grads’ Pay Gap Is Lasting Legacy of Recession
(DBN)

The Truth About The Surge In Jobless Claims
(DBN)

Investment Banks Likely to Cut More Staff
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Derivatives:

Wall Street Picks Sides in Maiden Lane Contest
(DBN)

______________

Student Debt:

Obama should push bankruptcy relief for student loans
(DBN)

News Flash to Obama On Student Loans: It Is Not The Interest Rates...It Is The Sticker Price
(DBN)

______________

Fraud:

Goldman Banker May Have Tipped Galleon
(DBN)

Goldman Sachs Banker Korenberg Under Investigation for More Than Two Years
(DBN)

Madoff Trustee Sues Standard Chartered Financial Services
(DBN)

Final Defendants Sentenced in Le-Nature's Fraud
(DBN)

Ex-Amaranth Trader Backed by CFTC in $30 Million FERC Case
(DBN)

______________

Personal Bankruptcy:

Bankruptcy Won't Help Attempted Wife Killer
(DBN)

Sua Sponte, Judge Is Revisiting Order Holding Debtor Liable for Divorce Fees
(DBN)

______________

Autos:

US auto-loan bond issuance seen nearing pre-crisis levels
(DBN)

GM CEO gets $7.7 million pay package for 2011
(DBN)

______________

Debt Collection:

Woman Has Trouble Collecting Court-Ordered $10 Million From Debt Collectors
(DBN)

______________

UCC:

Central District of Illinois Bankruptcy Rulings Present New Challenges to Perfection of Security Interests
(DBN)

______________

Economy:

Tension Rising at the Fed
(DBN)

Durable Goods Orders Drop in March
(DBN)

Cooling U.S. Labor Market Takes Toll on Confidence
(DBN)

'Fiscal cliff' threatens economy on Dec. 31, Bernanke warns Congress
(DBN)

Bernanke, Krugman trade barbs in inflation fight
(DBN)

Mitt Romney says he would boot Ben Bernanke
(DBN)

Bernanke Puts Obama, Congress on Notice
(DBN)

Why Half of Us Don't Pay Income Tax
(DBN)

U.S. Financial Comfort Falls to New Low
(DBN)

These 10 Corporations Control Almost Everything You Buy
(DBN)

American Taxpayer Liabilities Just Went Up, Again – Why Isn’t Congress Paying Attention?
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

U.S. Homeownership Hits Decade Low
(DBN)

Pending Sales of US Existing Homes Increased 4.1% in March
(DBN)

Home Builders Soar As Pulte Orders Signal Recovery
(DBN)

Foreclosure Activity Returns in Majority of US Markets
(DBN)

20 American Cities That Are Getting Crushed By Foreclosures
(DBN)

Donovan: No Fannie, Freddie reform 'any time soon'
(DBN)

Freddie Mac: 30-year mortgage drops to 3.88%, near record low
(DBN)

Ally says may put mortgage unit in bankruptcy
(DBN)

Will 2nd Circuit remake AIG's MBS case against BofA?
(DBN)

Bank of America and the standard of review: a tale of 2 cases
(DBN)

On Refinancing, We Might Need to Wait
(DBN)

Treasury warned of new HAMP rental fraud
(DBN)

The World Has Little Use For A Suburban American Single Family Home Priced Over $250K
(DBN)

New York's Most Unfaithful Neighborhoods
(DBN)

Fannie Mae's Former Chief Fights to Clear His Name
(DBN)

Illinois Mortgages Subject To Avoidance In Bankruptcy Absent Strict Adherence To Illinois Mortgage Statute
(DBN)

‘Good Morning Vietnam’ DJ Makes Pitches to Troubled Borrowers
(DBN)

FBR Raises $550 Million for New Mortgage Insurer
(DBN)

Mortgage rates hold near record lows
(DBN)

California Estate Valued at $87 Million Sells at Auction
(DBN)

_____________

Health Care:

US health insurers to pay $1.3 bln in rebates
(DBN)

______________

Aviation:

Whose vision is better for American Airlines?
(DBN)

American Pursued ‘Limp-Along’ Strategy Before Bankruptcy
(DBN)

AMR labor needs shifted after bankruptcy: executive
(DBN)

Airline industry losses shrink in Q1 2012 (if you exclude AMR's bankruptcy costs)
(DBN)

In court, American Airlines' Jeff Brundage
(DBN)

Consultants: We studied possibility of closing down one of American Airlines 'cornerstone' cities
(DBN)

United CEO: A US Airways merger would be good for industry
(DBN)

TWU says vote on AA contract will likely be soon
(DBN)

Bankruptcy means closer scrutiny for Pinnacle, FAA safety chief says
(DBN)

High Flying Embraer Is Set Up To Crash
(DBN)

Passenger's Suit Over Long Tarmac Wait Is Rejected
(DBN)

______________

MF Global:

Trustee for MF Global Says All Missing Customer Money Accounted For --- Lost, then found?
(DBN)

No Showing That Refco Misled Customers On Non-Segregation
(DBN)

______________

Compensation:

Chesapeake to end controversial CEO investment program --- The SEC Has Launched An Inquiry Into Chesapeake Energy And Its CEO
(DBN)

______________

Politics:

Warren's new ad counters earlier student-debt viewpoint
(DBN)

______________

Corporate Reform:

House Passes Bill to Revise Dodd-Frank for Small Businesses
(DBN)

Will The Government Protect You From Arbitration Clauses?
(DBN)

______________

Banking:

There Is No Due Process?
(DBN)

United Western Bancorp Seeks To Hire BuckleySandler On Contingency For Seized Bank Litigation
(DBN)

______________

Rating Agencies:

Sean Egan’s Mistake Was Seeking U.S. Government Blessing
(DBN)

______________

Mass Torts:

New Bill Suggests Asbestos Reports Be Made Public
(DBN)

Move Over Amchem - The BP Settlement Class Action Is Here
(DBN)

Halliburton Objects to Proposed $7.8 Billion BP Settlement
(DBN)

______________

Religion:

Archdiocese files new round of objections to block sex abuse claims
(DBN)

______________

Alternative Energy:

Lawyers in Solyndra case rack up billings
(DBN)

Solar Trust of America Gets Funding, More Time to Entertain Bids
(DBN)

______________

Fashion:

Co-President Of Troubled Liz Claiborne Unit Is Leaving To Retrun To AlixPartners
(DBN)

Betsey Johnson LLC files for Chapter 11 bankruptcy
(DBN)

______________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (18 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 American, Supreme Court Hearing, Dewey: Audio
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Remote:

Caution: Bankruptcy-Remote Entities Are Not Necessarily Bankruptcy Proof
(DBN)

______________

Avoidance Actions:

Preference Relief for Real Estate Material and Service Providers
(DBN)

______________

Arbitration:

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

______________

Good Faith:

SGL Carbon Corporation: Good Faith or Goodbye
(DBN)

______________

Litigation:

Peck Decision on Use of Predictive Coding Upheld in N.Y. Federal Court
(DBN)

Sending Documents to Government Destroys Attorney-Client Privilege for Those Documents
(DBN)

Epiq Systems attributes record revenue to electronic discovery business
(DBN)

1st Circuit joins debate over leftover class settlement funds
(DBN)

______________

Insurance:

AIG May Not Be as Healthy as It Looks
(DBN)

______________

Retailing:

More Evidence That The Era Of Big Box Retailers Is Over
(DBN)

______________

Municipalities:

California city on bankruptcy brink discovers illegal payouts to elected officials
(DBN)

CA: Dems, unions pushing new local government bankruptcy bill
(DBN)

Whitney: State Finances Still Doomed
(DBN)

Harrisburg City Council Attorney Says He's Being 'Ganged Up Upon'
(DBN)

Ex-Harrisburg Receiver Hires Lawyer for Possible Court Probe
(DBN)

Proposed Jefferson County Bankruptcy Fix
(DBN)

Jefferson County: “Fear not each sudden sound and shock; Tis of the wave and not the rock”
(DBN)

______________

Telecoms:

RIM Turnaround Could Take Three to Five Years, Watsa Says
(DBN)

______________

Food/Beverage:

How The Original Starbucks Is Different From All The Others
(DBN)

______________

Celebs:

Why NFL players go broke
(DBN)

The taxman cometh for Anna Nicole Smith's estate
(DBN)

______________

Distressed Investing:

Notes From Booth's Distressed Investing and Restructuring Conference
(DBN)

______________

Small Engines:

Briggs & Stratton Unveils More Restructuring Plans, 3Q Net Falls
(DBN)

______________

Sharia Law:

Milbank, Tweed, Hadley & McCloy is advising Arcapita creditors
(DBN)

______________

UK:

Portsmouth survival is '50/50' - administrator Trevor Birch
(DBN)

NAB's UK restructuring costs soar
(DBN)

______________

EU:

ECB urges euro zone to share bank rescues
(DBN)

______________

PIIGS:

Spanish banks avoid writing down toxic loans to reach capital requirements
(DBN)

Spain's Ratings Cut by S&P on Deficit, Bank Bailout Concern --- Downgrade Reinforces Debt Crisis Fears
(DBN)

ie: Legislation To Deal With Reform Of Insolvency Laws Facing Delays
(DBN)

______________

Canada:

Moody's Downgrades Ontario's Credit Rating
(DBN)

______________

China:

China's bad debt market cries out for change
(DBN)

______________

India:

S&P's India outlook downgrade a wake-up call for government --- S&P's outlook downgrade not fair: Govt
(DBN)

______________

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Copyright 2012