April 30, 2012

The Daily Bankruptcy News

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Law:

Dewey Said to Be Subject of Probe as Deadline Nears --- Firm Opens Internal Inquiry --- Manhattan DA Investigates Former Dewey & LeBoeuf Chairman --- Ex-Dewey chair faces prosecution over 'misconduct' --- Ousted from management amid criminal probe --- Facing crunch time --- Greenberg Traurig Says There’s No Merger Plan in Statement About Dewey --- Talks With Greenberg Traurig Called Off --- Where Is Dewey’s Onetime Chairman? -- Dewey Have Good News To Report? Quite Possibly --- We Don’t Have Any Summer Associates, Dewey? --- Good news, bad news --- With a bang, not a whimper --- Dewey dumps executive; talks with rival end --- ex post Dewey? --- Spinning Dewey’s Heroes
(DBN)

Law-Firm Loans Show Cracks
(DBN)

Top Law Firms Say Good-Bye to ‘Terrifying Days of Mass Layoffs’ as Headcounts and Revenues Rise
(DBN)

Paul Weiss, Greenberg, Latham, Linklaters: Business of Law
(DBN)

Death Penalty Sanctions Applied in Case of Double-Dealing Attorneys
(DBN)

Clifford Chance Elects New Partners in New York Office
(DBN)

Linklaters vows to stick with lockstep after dismissing all-equity model
(DBN)

10 Work Wardrobe Must-Haves
(DBN)

Cravath: Your Move On Spring Bonuses
(DBN)

Global Law Firm Requires a Global Vision
(DBN)

Partner’s Exit of Boutique for Own Firm Leads to $58K Sanction and Ethics Case re Documents
(DBN)

Top Family-Friendly Law Firms Named; Six Firms Get Bounced from List
(DBN)

Unequal Household Chores Hinder Women's Workplace Success
(DBN)

Nancy Rapoport: “I expect some law schools to close,” Rapoport said. “The issue is going to be which ones.”
(DBN)

Law School Transparency: Storm clouds
(DBN)

Next debt bomb: law school student loans
(DBN)

California Weighs Law Schools Skills Mandate
(DBN)

During Finals, Even The Toilet Paper Can Offer A Moment Of Clarity
(DBN)

"I'm an unemployed lawyer" - That was this current PR executive's storyline
(DBN)

Doctor, Lawyer, Indian Chief: All singing the blues
(DBN)

Lawyer Is Charged with Stealing from Law Firm He Founded
(DBN)

Moonlighting: ‘Til Death (or Upon the Occurrence of Certain Termination Events)Do Us Part
(DBN)

5 Ways to Become a Partner by 40
(DBN)

Different Power Rules Apply to Men than to Women
(DBN)

U.K. Supreme Court Rejects Key Challenge to Law Firm Retirement Policies
(DBN)

Last Week's Best iPhone And iPad Apps
(DBN)

Tools to Spice Up a PowerPoint Presentation
(DBN)

Young Solo Hated Law School But Likes Her Job; Stay True to Your ‘Lawyering Personality,’ She Urges
(DBN)

Suit by Fired Lawyer Cites Cubicle Assignment, Fat Jokes
(DBN)

Cease-and-Desist Letter Made For Etsy User Is Riddled With Handmade Errors
(DBN)

Lawyer-dad: so what if my son cheated?
(DBN)

Woman Sues Dentist, Claims He Dropped Tool, She Swallowed and It Had to Be Surgically Removed
(DBN)

Man Accused of Stabbing 3 Defense Lawyers with Smuggled Pencils Starts Trial in Restraints
(DBN)

NJ Lawyers Admit to Failing to Pay Taxes on Bar Receipts
(DBN)

Lawyer Claims He Was In a Super Secret U.S. Government Time Travel Program as a Kid
(DBN)

Lawyers play high-low game with costly M&A suits
(DBN)

Hasbro Nerf guns: lawyers threaten online fan for publishing photos
(DBN)

Say What?!
(DBN)

______________

Judges:

Federal bankruptcy judge Alexander L. Paskay dies
(DBN)

For 7th Time Since 2010, a Chief Ga. Superior Court Judge Steps Down Following Ethics Probe
(DBN)

______________

Wall Street:

Stock index futures signal steady open
(DBN)

______________

Layoffs:

Great Recession: Job Loss from Small Business
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Retailing:

Sales-tax deal with Texas is Amazon's latest
(DBN)

Syms committee says Filene's creditors should be paid in full
(DBN)

______________

Food/Beverage:

Dippin' Dots hopes for a comeback after bankruptcy filing
(DBN)

Settlement proposed for Reddy Ice shareholders
(DBN)

McDonald's Employee Gives Revolting Tell-All
(DBN)

______________

Photography:

Kodak Reports Wider Loss as It Exits Businesses in Bankruptcy
(DBN)

Hearing in Kodak plan to pay retention bonuses
(DBN)

______________

Lehman:

Lehman Bros. elite stood to get $700 million --- Lehman paid staff millions before crash --- Meet The Lehman Prop Trader Who Made More Than Dick Fuld The Year Before The Bank's Demise
(DBN)

Lehman pay could escape Dodd-Frank rules
(DBN)

LA Times Drops the Hammer on Lehman Brothers
(DBN)

Lehman Court Holds Safe Harbors Eliminate Constructive Fraud and Preference Claims Against Clearing Bank, But Other Claims Allowed to Proceed
(DBN)

______________

Health Care:

A bankruptcy attorney's warning about repealing Obamacare
(DBN)

Hearings scheduled on reopening Cheboygan hospital
(DBN)

______________

Religion:

Lawyers in Milwaukee archdiocese bankruptcy case seek mediator
(DBN)

______________

Celebs:

The Broke and the Beautiful: In Da ( Bankruptcy )Club Edition
(DBN)

Ex-NFL Player Sues 'Jerry Maguire' Agent Leigh Steinberg
(DBN)

Citing loan, actor Armand Assante of Campbell Hall sues bank
(DBN)

'Broke' Will Have You Shaking Your Head
(DBN)

______________

Fashion:

Betsey Johnson stores to close
(DBN)

______________

Mass Torts:

Asbestos trusts need transparency to end fraud
(DBN)

Mississippi Joins Critics of $7.8 Billion Deepwater Horizon Settlement
(DBN)

Fresh guidance from Ninth Circuit about insurers' rights
(DBN)

______________

Tobacco:

Chinqua Penn auction raises $3.4M
(DBN)

______________

Electricity:

Owner of Hardin power plant files for bankruptcy
(DBN)

______________

Golf:

Former Colonial Golf and Country Club lays out bankruptcy plan
(DBN)

______________

Gas Stations:

BP station owners, customers, left high and dry in bankruptcy dispute
(DBN)

______________

Economy:

Economy in US Grew Less Than Forecast in First Quarter
--- Government cuts slow economic recovery
(DBN)

Recovery Measures
(DBN)

Employment Probably Picked Up in April
(DBN)

Paul Krugman: Ben Bernanke Has "Been Assimilated By The Borg"
(DBN)

ResCap Bankruptcy Could Cost Government-Owned Ally Financial $1.25 Billion
(DBN)

14 Lessons From Benjamin Franklin About Getting Ahead In Life
(DBN)

How Much Less Money Americans Are Making Than Before The Crash
(DBN)

More And More Americans Plan To Work Forever
(DBN)

Gloomy outlook from UN labor agency says austerity hitting job markets
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

New Poll Says Homeownership May No Longer Be Part Of The American Dream As Only 62% Now Own A Home
(DBN)

New federal rules could speed up short-sale process
(DBN)

How the Cities Did
(DBN)

ResCap Chap. 11 could KO Ally
(DBN)

Republican stalwart Elliott Associates' Paul Singer asking Obama administration for help keeping Ally Financial mortgage unit ResCap out of bankruptcy
(DBN)

Gov't housing programs lift gov't-owned Ally in 1Q
(DBN)

Industry keeps up pressure on CFPB over QM
(DBN)

Here's The Real Reason Homeowners Have Not Been Saved
(DBN)

BofA Merrill deal would cost directors zero
(DBN)

MERS Sued by Kentucky Counties Again
(DBN)

Former TARP bank exec pleads guilty to mortgage fraud
(DBN)

Homebuilders report 1Q price hikes after 22% order growth
(DBN)

Housing: The "Long Bottom"
(DBN)

Fitch: CMBS default rate nears 13%
(DBN)

NMHC: Apartments show recovering trend
(DBN)

_____________

Tax:

Report: Apple legally sidesteps billions in taxes --- Taxes, Apple's Profits and Why It Will Never Manufacture in the US
(DBN)

AIG is healthy again - as long it gets many billions in tax waivers
(DBN)

Abusing A Tax Loophole Meant for the Poor
(DBN)

US Taxpayers Get Off Easy Compared to Some
(DBN)

_____________

Student Debt:

Trying to Shed Student Debt
(DBN)

Time to rethink student lending
(DBN)

Private Loans Without Bankruptcy Option Are the Real Problem
(DBN)

Banks' Secret Weapon in Student Loan Fight: Mom
(DBN)

Overheard on CNN.com: 'Welcome to the cruel, harsh world,' student loan takers
(DBN)

How US Students Can Work Off Their Trillion-Dollar Debt
(DBN)

GOP Passes Student Loan Bill Over Threat
(DBN)

______________

Aviation:

Two can play the airline bankruptcy game --- The Beginning of the End of Corporate Gaming of the Bankruptcy Laws?
(DBN)

US Airways pitches 42% fewer job cuts to AMR --- 3,000 jobs at American Airlines may be spared --- TWU sends out details of its US Airways agreement --- Airline Unions, Boeing at Odds over USAir-AA Merger
(DBN)

6 possible outcomes from US Airways-American merger
(DBN)

US Airways would cut fewer TWU jobs in AA merger
(DBN)

$64,000 for flight attendants? American Airlines official explains the number
(DBN)

Passengers Tell American Airlines What They Want --- Why You Should Have A Say In Airline Mergers
(DBN)

Bankruptcy Bounce? American Airlines' AAdvantage Voted Best Airline Frequent Flyer Program
(DBN)

______________

Municipalities:

Alabama Legislature could determine whether Jefferson County's bankruptcy case is tossed
(DBN)

Sewer creditor trustee repays money taken from Regions Bank account
(DBN)

Retirees hit amid Central Falls bankruptcy endgame
(DBN)

Central Falls bankruptcy may end by July, but retirees struggle
(DBN)

Central Falls Receiver: State Appointee, Not Woonsocket, Decides Bankruptcy - Woonsocket
(DBN)

Flanders tells the ups and downs of receivership
(DBN)

Providence Confronts a Pension Problem That's Not So Divine
(DBN)

Unions seek new rules on city bankruptcies
(DBN)

RI Gov. Chafee lobbies for municipal relief plan --- Chafee's 'Distressed Communities' Bills: Hard Sell at Statehouse
(DBN)

______________

Pensions:

Historic Chapter 11 case could trigger wave of public-pension bankruptcies
(DBN)

Motion to dismiss Fund's bankruptcy will also be heard at next hearing
(DBN)

______________

Alternative Energy:

Shareholder tries to stop Uni-Solar sale by bankrupt parent Energy Conversion Devices
(DBN)

Bankrupt Developer Solar Trust Of America Receives New Loans
(DBN)

______________

Baseball:

Dodgers' sale expected to be finalized Monday
(DBN)

_____________

Fraud:

Madoff Costs Surpass Victim Pay-Offs as Strategy Lies in Ruins
(DBN)

Main unsecured creditor in Prebul case to pay $700,000
(DBN)

Bank fails to remove Wiand as Nadel receiver
(DBN)

______________

Finance:

Ally Financial Posts $310 Million Profit In 1Q
(DBN)

______________

Corporate Governance:

Chesapeake board member lent money to CEO McClendon
(DBN)

______________

Compensation:

Inside the Head of an Overpaid CEO
(DBN)

______________

Politics:

Warren Income Tops Brown in Dueling Massachusetts Returns
(DBN)

______________

Debt Collection:

ACA: Debtors' Prisons Don't Exist, Nor Are They Returning
(DBN)

______________

Photography:

Kodak says 'stay-put' bonuses needed to retain key employees
(DBN)

______________

Forest Products:

China Forestry Probe Verifies Under 1% of Reported Sales
(DBN)

______________

Corporate Reform:

The SEC would like to remind you that it's still looking into that whole "Lehman Brothers" thing
(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 (39 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (62 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
(DBN)

Recent Developments in Bankruptcy Law
(DBN)

______________

Bankruptcy Statistics:

Bankruptcy cools off
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Avoidance Actions:

Meridian Ponzi's 'winners' pursued
(DBN)

______________

Sales:

Rochelle: SCOTUS Leaning Toward Lenders' Rights in Credit Bidding Case
(DBN)

______________

Claims Trading:

Distressed Debt & Claims Trading Developments
(DBN)

Bankruptcy Claims: New Investors Enter the Market
(DBN)

______________

Litigation:

Attempt To Bounce Judge Peck From Predictive Coding Case Denied; Robots Win the Day --- Nod to Predictive Coding in 'Da Silva Moore' Stirs Caution, Excitement --- Judicial Test Pilot
(DBN)

Judge Orders a Truly Alternative Dispute Resolution
(DBN)

Can Strine and Castel resolve forum fight in BofA derivative deal?
(DBN)

______________

Obits:

Respected Bankruptcy Judge Will Be Missed
(DBN)

______________

Insurance:

Bankruptcy Court lifts automatic stay to allow insurers to pay defense costs
(DBN)

______________

Television:

Capitol Infrastructure, Pay TV Provider, Files Bankruptcy
(DBN)

______________

Baby Products:

Maclaren USA Evades Court Investigation Of Its Puzzling Bankruptcy
(DBN)

______________

Autos:

Nearly 3 years after bankruptcy , Chrysler soars
(DBN)

Chrysler's U.S. sales prop up Fiat's drop in Europe
(DBN)

Ford Offers to Buy Out Retirees' Pensions
(DBN)

______________

Banking:

Five Banks Collapse In Four States – 2012 Bank Failures Total 22
(DBN)

Palm Desert National Bank, California --- Plantation Federal Bank, Pawleys Island, South Carolina --- Inter Savings Bank of Minnesota (D/B/A Interbank)--- HarVest Bank of Maryland --- Bank of the Eastern Shore, Cambridge, MD, Fails
(DBN)

FDIC Issues 72 Enforcement Actions In March To Problem Banks
(DBN)

Unofficial Problem Bank list declines to 930 Institutions
(DBN)

How big bank might be wound down
(DBN)

______________

Telecoms:

Connexion Technologies Files For Chapter 11 Amid DirecTV Dispute
(DBN)

LightSquared creditors have had their fill of Phil
(DBN)

Falcone To Step Down From LightSquared
(DBN)

______________

MF Global:

MF Global leaves industry scarred
(DBN)

______________

Derivatives:

Corporate, Sovereign Bond Risk Falls, Credit-Default Swaps Show
(DBN)

Derivatives risk remains poorly understood
(DBN)

A Consensus Begins to Emerge on Derivatives in Bankruptcy
(DBN)

New Research Paper Calls For 'Repo Resolution Authority'
(DBN)

______________

Personal Finance:

Checking Facebook More Than Bank Accounts
(DBN)

Hiding Money From Your Spouse Has Gotten a Lot Harder
(DBN)

______________

Hotels:

I'm Convinced This Wouldn't Have Happened To Me Anyplace In The US
(DBN)

______________

Sovereigns:

Pari Passu: So Passe! (Extractive Edition)
(DBN)

US sides with Argentina on sovereign restructurings
(DBN)

Is sovereign immunity hurting America?
(DBN)

______________

UK

Scots turning to family as bank lending is frozen out
(DBN)

UK Pensions Regulator Packs its Punches in Box Clever [and news of the next bout in the UK Lehman/Nortel pensions proceedings in the Supreme Court]
(DBN)

______________

EU:

Euro-Zone Economic Confidence Drops
(DBN)

Inflation misses market forecasts, remains obstacle to ECB interest rate policy
(DBN)

______________

PIIGS:

One in four without a job in Spain --- Spain's unemployment rate now worse than the U.S.'s during the Great Depression
(DBN)

Spain Is Still Awaiting the Payoff From Austerity --- Government agency confirms Spain back in recession
(DBN)

Tens Of Thousands Protest Austerity Cuts In Spain
(DBN)

Spain In Talks Over ‘Bad Bank’ Scheme
(DBN)

The Greek Socialist PM Candidate Has Virtually Ruled Out More Austerity
(DBN)

IMF concerned about election result
(DBN)

Irish Finance Minister Says Rejection Of EU Treaty Would Put IMF Funds Out Of Reach
(DBN)

______________

China:

Geithner Urges China to Loosen Hold on Finance System
(DBN)

______________

MENA:

The New UAE Insolvency Law: Part One
(DBN)

______________

Indonesia:

Bakrie family fails to top up loan
(DBN)

______________

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Copyright 2012