April 5, 2012

The Daily Bankruptcy News

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Law:

Dewey Have A Problem With Defections? Or With Math? (Plus information on international offices.)--- American Lawyer Lowers Dewey Financial Numbers by More than $150M --- Anybody's guess --- Make That 46: Dewey Bankruptcy Partner Peter Ivanick, and Patent Partners Peel Away --- Three More Partners Exit Dewey & LeBoeuf’s Insurance Practice --- Dewey sees six more partner exits as departures this year reach 47
(DBN)

Biggest Law Firm, by US Headcount Only, Is Jones Day
(DBN)

Small Firms Merge 'To Do More' for Clients
(DBN)

Pain now should bring gains later for U.S. lawyers
(DBN)

Latest partner promotions show women still under-represented in the UK
(DBN)

Law Firm Fashion: Proskauer Edition
(DBN)

Dewey, Skadden, Allen & Overy, Baker Botts: Business of Law
(DBN)

Comebacks: Why aren't there more of them among displaced lawyers?
(DBN)

Oops! Email to 400 Incoming Baylor Law Students Reveals How They Measure Up
(DBN)

Law Schools Sued After Grads Can’t Find Jobs
(DBN)

Law School Transparency: Michigan Law School discloses more information
(DBN)

Were Law Profs Lying or Just Mistaken When They Said the Health Law Was Slam-Dunk Constitutional?
(DBN)

Former Cozen Associate Suspended for False Billings, Practicing Law on Inactive Status
(DBN)

Bankruptcy Court Authorizes Destruction of Client Files
(DBN)

Lawyers of the Day: Native American Tribe Says Their Attorneys Swindled Them for Cars and Nice Furniture
(DBN)

Divided NJ Supreme Court Rejects Harsher Punishment, Censures Attorney re ‘Terrible’ Records
(DBN)

After Seeing Dashcam Video of Deputy Shooting Family Dog, Jury Awards $620K in Civil Rights Case
(DBN)

My iPad Turns Two…
(DBN)

Internet Commenter to Facebook Attorneys: What We Have Here Is a Failure to Communicate
(DBN)

Five Ex-Officers Sentenced in Katrina Shootings
(DBN)

A Creepy New Claim About Stephen McDaniel in Lauren Giddings Murder Case
(DBN)

Student sues GVSU over guide guinea pig
(DBN)

Waitress Sues After Police Seize $12,000 'Tip' Left For Her
(DBN)

Defendant in Civil Wrongful Death Case Denies Murdering Attorney Who Pursued Suit Against Him
(DBN)

Say What?!
(DBN)

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Judges:

Justice Kagan Reveals Her Hunting Prowess
(DBN)

Why did most legal scholars, liberal and conservative, fail to realize that the Supreme Court might take the silly arguments against the "individual mandate" seriously? --- For Barack Obama, Law Professor, the Time to Lecture Is Now --- Obama softens attack on Supreme Court's impending health-care decision - Tones down rhetoric on ‘unelected’ judges --- Laurence Tribe: Obama Misspoke on Supreme Court --- Obama's high court row recalls previous battles --- Holder Backs Obama’s ‘Judicial Activism’ Remark, Says DOJ Will Give 5th Circuit Judge Required Memo --- Obama May Risk Voter Backlash by Warning U.S. Supreme Court on Health Law --- White House in damage control
(DBN)

Benchslap of the Day: Fifth Circuit Orders DOJ To Write ‘We Respect Judicial Review’ in Three-Page Letter
(DBN)

‘It Makes Us Look Foolish. I Want No Part of It,’ Kozinski Says
(DBN)

'Vampire' Computer System Stalks California Courts in Millions More
(DBN)

Six-Month Suspension of Disgraced Judge's Lawyer
(DBN)

Suspension For Shooting TV, Cars, Bathroom Mirror
(DBN)

County Deluged with Requests for New Trials After Judge’s Prescription Drug Issue Is Revealed
(DBN)

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Wall Street:

U.S. stock futures lower as investors eye Europe
(DBN)

World Stocks Fall As Europe Debt Woes Flare Anew
(DBN)

Stocks Plunge Deeper Into The Red; Investors Focus On QE3, Not Bullish Job Data --- Wall St down on stimulus doubts, Spain debt sale
(DBN)

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Layoffs:

Jobs report: 209,000 private sector jobs added in March --- Down-to-Earth Jobs Report Would Be a Good Thing
(DBN)

Men Take 88% of Jobs in Recovery
(DBN)

Sparkling job reports mask struggling economy
(DBN)

More workers say they expect a raise
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Telecoms:

Falcone "Seriously Considering" Bankruptcy For LightSquared
(DBN)

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Corporate Reform:

Feds Closer to Oversight of Nonbanks
(DBN - NY Times - Paywall Limit Possible)

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Energy:

Dynegy settles with creditors after blistering examiner report --- Dynegy says settles disputes over bankrupt unit --- Pact Whacks Shareholders For Creditors
(DBN)

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Baseball:

The Dodgers' sale and a Prop. 13 loophole
(DBN)

Magic's Magical Post-Baksetball Career Continues
(DBN)

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Horse Racing:

Yavapai Downs sale brings $3.25 mil at bankruptcy auction
(DBN)

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Media:

DirecTV, Tribune Reach Agreement to Restore Stations
(DBN)

______________

Forest Products:

Sino-Forest tries to stop the bleeding
(DBN)

______________

Bankruptcy Crimes:

Ex-attorney charged with defrauding Porter Foundation
(DBN)

______________

Economy:

Geithner: Obama Prevented a Depression
(DBN)

Geithner: Slowdown in China not alarming
(DBN)

Geithner: Iran, oil, Europe pose risk to economy
(DBN)

Geithner Says Republicans Are Unwilling on Budget, Tax Fixes
(DBN)

No Way This Many Boomers are Retiring
(DBN)

Most and Least Reputable Companies
(DBN)

Food inflation seen back on the table as prices rise
(DBN)

Shilling Still Sees 2012 US Recession
(DBN)

Here's where your income tax dollars go
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Americans brace for next foreclosure wave
(DBN)

DeMarco: FHFA to decide on mortgage principal write-downs in April
(DBN)

San Fran Fed: Home price declines decoupled from state economies
(DBN)

Geithner: US Lags in Home Financing Reform
(DBN)

Fed Issues Consent Order Against Morgan Stanley
(DBN)

Here's How Jamie Dimon Explained JP Morgan's Part In Nationwide Robo-signing
(DBN)

In BofA MBS deal, the final case for -- and against -- Article 77
(DBN)

What Should Obama Do Differently on Housing Policy?
(DBN)

One Madison Park Plans To Relaunch Sales Later This Year
(DBN)

USA Accuses Mortgage Firm of Racial Bias
(DBN)

Study Hits Banks On Foreclosure Maintenance
(DBN)

JPMorgan CEO on housing: We made too many mistakes
(DBN)

Are Mortgage Credit Standards Loosening?
(DBN)

Bank of America lawsuit latest Roberts brothers' woes
(DBN)

The sub-prime mortgage deal haunting Goldman
(DBN)

REO neglect in minority communities faces wider probe
(DBN)

Apartment sector moves from recovery to expansion
(DBN)

Wells Fargo dominates multifamily originations
(DBN)

Fitch: CMBS defaults dropped 38% in 2011 --- CMBS delinquencies spike in March: Trepp
(DBN)

Office Vacancy Rate declines slightly in Q1 to 17.2%
(DBN)

_____________

Photography:

For now, Kodak backs off on retiree benefit cuts --- Retiree Committee Expected
(DBN)

Kodak wants plan approved to keep specific employees
(DBN)

______________

Food/Beverage:

Judge orders Albuquerque winery owner to pay $4M in Cap*rock auction botch --- Bid for winery bites back when buyer can't pay
(DBN)

Pink slime bankruptcy : After the backlash, what's next for beef?
(DBN)

Teamsters Outraged by Allegations of Looting at Hostess by Top Executives
(DBN)

______________

Municipalities:

Michigan court clears way for possible Detroit deal --- Detroit Council Accepts State Plan to Avoid Bankruptcy --- What council members had to say
(DBN)

Bankruptcy remains a possibility for Detroit with implications for all of Michigan
(DBN)

Detroit Labor War Boils Over Between Unions, City & State --- Detroit Unions Can’t Halt City Finances Agreement, Judge Says
(DBN)

Jefferson County Fights for Halt to Bond-Insurer Suit
(DBN)

He Tried To Save A Broke City. Then He Disappeared.
(DBN)

Moody's warns municipal market on bank letters...again
(DBN)

The Oil Rich States in US
(DBN)

______________

MF Global:

CME mandates daily client fund report after MF Global
(DBN)

The Accounting Error That Wasn't
(DBN)

The Culture That Makes an MF Global Possible
(DBN)

CFTC orders JPMorgan to pay $20 mln in Lehman case --- Fine could be positive for JP Morgan
(DBN)

______________

Fraud:

Allen Stanford's Receiver Fights Investors for Increase in Pay
(DBN)

Obama Signs Ban on Congressional Insider Stock Trading
(DBN)

Madoff wives to face trustee claims --- Can Be Sued for 'Enrichment'
(DBN)

Madoff Trustee Tries Comeback as JPMorgan, HSBC Oppose Appeal
(DBN)

Madoff Avoidance Defendants Say “Beam Me Up, Scotty” – One Day, 202 Motions to Withdraw Reference
(DBN)

Stiffer Sentence Sought for Le-Nature's Defendant
(DBN)

How to Divide the Remaining Sliver of Pie in Ponzi Cases: Claims Allowance and Distribution Schemes
(DBN)

Lawyer-Nursing Home Owner Convicted in $33 Million Health Care Fraud
(DBN)

______________

Alternative Energy:

Watchdog finds Solyndra loan was 'rushed' --- The Report
(DBN)

A $2 billion solar mistake — from the media
(DBN)

Have DOE Subsidies Failed the Energy Industry?
(DBN)

US offers aid for world's biggest solar plant
(DBN)

Bankruptcies Have German Solar on the Ropes
(DBN)

______________

Credit/Debit Cards:

N.J. Gift-Card Law Draws Outcry From American Express
(DBN)

______________

Tax:

Preservation of Certain Corporate Tax Attributes in Bankruptcy Cases
(DBN)

Virtual tax audits coming soon?
(DBN)

______________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (23 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:

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

Rochelle on AFA Foods, Velo, Diversapack, Cetero
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Priority Claims:

Postpetition Employment at Prepetition Rates? One Court Says, “Not Necessarily.”
(DBN)

______________

Litigation:

Third Circuit Limits the Taxation of E-Discovery “Costs” Against the Losing Party
(DBN)

Securities Suit Filings Continue Apace in Year's First Quarter
(DBN)

______________

Cross-Border:

This Trend May Not Be Your Friend: Could Catalyst Paper Spawn a New Breed of Chapter 15 Cases for U.S. Debtors?
(DBN)

______________

Avoidance Actions:

Mirant: Fifth Circuit Renders Pro-Creditor Rulings in Fraudulent Transfer Action
(DBN)

______________

Autos:

Chrysler Got Legal Shield in Chapter 11
(DBN)

Automakers Can't Get All Jobs Filled
(DBN)

The New Normal in American Cars
(DBN)

The agony and the ecstasy of the American automaker
(DBN)

______________

Finance:

GE debt rating cut as Moody's cites finance unit's funding risks
(DBN)

______________

Health Care:

Salvation may be on horizon as Peninsula plans to shutter
(DBN)

'About That Six Million Dollars ...'
(DBN)

Hospital Says Obese Job Applicants Need Not Apply
(DBN)

Forty-five procedures doctors don’t think doctors should do
(DBN)

______________

Banking:

JPMorgan Awards CEO Jamie Dimon $23 Million Pay Package
(DBN)

JPMorgan's practices bring scrutiny - Three times a pallbearer, never a corpse
(DBN)

Regions Financial Repays $3.5 Billion U.S. Taxpayer Bailout
(DBN)

______________

Aviation:

AMR Discloses Bankruptcy Legal Tab, as US Airways Flies Closer
(DBN)

Gary Kelly among Tuesday's passengers delayed by storms
(DBN)

Pinnacle Airlines gave fat bonus to CEO --- Bold Bonuses for Airline Executives Anger 3407 Families
(DBN)

Pinnacle cozies up to Delta
(DBN)

Pace trustee begins process for paying former employees
(DBN)

Hawker accountants to express doubt about company's future
(DBN)

Things You Can't Do on a Plane: Vol. 16 --- TSA screener at JFK 'hurled hot coffee at pilot who told her to stop swearing'
(DBN)

_____________

Religion:

Judge to weigh unsealing archdiocese records
(DBN)

Congregation loses temple
(DBN)

______________

Debt Collection:

Deepthroat: Debt Collector Edition
(DBN)

______________

EU:

Draghi Scotches ECB Exit Talk as Spain Keeps Debt Crisis Alive
(DBN)

Euro debt fears resurface over Spain
(DBN)

ECB hints at early end to covered bond programme
(DBN)

France's Future: A Country In Denial
(DBN)

______________

PIIGS:

Irish Support for EU Pact Best Way for Bank Deal, Hayes Says
(DBN)

Greece in Stand Off with Bond Holdouts
(DBN - NY Times - Paywall Limit Possible)

Desperation, despair in Greece --- Elderly Greek Kills Himself In Main Athens Square
(DBN)

Greece again extends bond swap deadline for holdouts
(DBN)

German finance minister: We're Greece's scapegoat
(DBN)

Spanish Debt Yields Rise As Recession Fear Grows
(DBN)

______________

Russia:

Medvedev Rejects Pardon For Khodorkovsky
(DBN)

______________

MENA:

Dubai Holding confirms final agreement reached with DIC lenders
(DBN)

______________

China:

Judgement day looms for Chinese property
(DBN)

______________

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Copyright 2012