April 6, 2012

The Daily Bankruptcy News

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Law:

Dewey to forge long-term incentive plan to retain partners --- Unveils incentive scheme --- Legacy Dewey Ballantine and Legacy LeBoeuf Lamb: Choose Your Weapon
(DBN)

From Biglaw to Boutique: Just Say No
(DBN)

Skadden Hits a Record for Female Partners
(DBN)

Conducting A Stealth Job Search (Part 3)
(DBN)

Using Corporate Crisis Management to Solve Any Problem
(DBN)

It often makes no sense at all to return a bad draft to the author and ask for a better draft.
(DBN)

Hogan Lovells Grows Business Restructuring and Insolvency Practice in New York with Addition of Partner Peter Ivanick
(DBN)

 

Litigation Funding Loan of $1.2M to Law Firm at 40 Percent Interest Not Usurious, Court Rules
(DBN)

Schiff Hardin LLP Adds Bankruptcy Partner Karol K. Denniston In San Francisco
(DBN)

Former Clients File Legal Malpractice Suit Against Andrews Kurth
(DBN)

Five Things New Lawyers Actually Do
(DBN)

Former S&S DC Corp. Head Kicked Out Of NY Bar
(DBN)

Former Cozen Associate Disciplined for Sham Billing Practices
(DBN)

Who Knew? Women Trump Men in Leadership
(DBN)

Law Prof Sees ‘Huge Opportunity’ in Labor Projections Highlighting Law Grad Oversupply
(DBN)

TSU Law School Gets $3M Bookish Donation
(DBN)

Law School Transparency: Nice people
(DBN)

Difficult Job Market Not a Problem for 4 Law Grads Who Set Up Their Own Firm
(DBN)

Is the BlackBerry Down for the Count in Law Firms?
(DBN)

"Client loyalty isn't an anachronism, not if law firms build their brands from the inside (which Lockhart & Gardner hasn't)"
(DBN)

Ex-Imperial Tobacco GC Questioned Over Destroying Health Documents
(DBN)

Federal Judge Socks Minn. Lawyer with $50K Sanction, Plus Opponent Attorney’s Fees
(DBN)

Mom Charged with Second-Degree Murder for Giving M&Ms to Allergic Daughter
(DBN)

Overloaded justice system ties Italy in knots
(DBN)

Dog Eats Man's Masters Tickets
(DBN)

Sheriff's Captain under investigation for golfing with an inmate
(DBN)

County Agrees To Let Waitress Keep $12,000 Tip
(DBN)

Say What?!
(DBN)

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Judges:

DOJ Letter Affirming Judicial Review --- Attorney General Holder to Fifth Circuit: We're Aware of 'Marbury v. Madison' --- My Professor, My Judge, and the Doctrine of Judicial Review --- 'President was not clearly understood by some people because he is law professor'... Spoke in 'shorthand'
(DBN)

Obama setting up Supreme Court as a campaign issue --- Obama v. SCOTUS
(DBN)

Men in Black
(DBN - NY Times - Paywall Limit Possible)

More 3-Day Weekends for Kan. Court Staff, and They Aren’t Pleased
(DBN)

Justice Scalia and the Judicial Rope-a-Dope
(DBN)

3rd Circuit Mysteriously Reassigns Judge in Hospital Case
(DBN)

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Wall Street:

 

US stocks close mostly down; worst week of 2012
(DBN)

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Layoffs:

US unemployment claims hit 4-year low of 357K
(DBN)

US likely added over 200,000 jobs in March for 4th month
(DBN)

JCPenney to cut 900 jobs in Texas and Pittsburgh --- We're Cutting 900 Jobs To Be More Like A Start-Up
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Telecoms:

LightSquared: The wireless industry's biggest gamble is failing
(DBN)

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Politics:

Sen. Scott Brown leading over Elizabeth Warren in poll conducted by conservative-leaning groups
(DBN)

Elizabeth Warren: Yes She Can? ‎
(DBN)

Gingrich's think tank files for bankruptcy
(DBN)

______________

Baseball:

Breaking Down the Dodgers Sale
(DBN)

LaGrave Field in Fort Worth headed to foreclosure
(DBN)

Rest of baseball catching up with big spenders
(DBN)

______________

Photography:

Kodak wants to sell lease on Times Square billboard
(DBN)

Kodak seeks to discuss benefits with retirees
(DBN)

______________

Convenience Stores:

Court: Getty owes $8.7 million in back rent
(DBN)

______________

Aviation:

American Airlines: May we pay Boeing and Airbus $162 million?
(DBN)

US Airways pushes creditors for AMR merger
(DBN)

Tug of war in court over Direct Air deposit account
(DBN)

Air Canada has many monkeys on its back
(DBN)

Aveos assets attract suitors
(DBN)

Pilot performs emergency landing after finding snake in cockpit
(DBN)

______________

Economy:

Four Fed Regional Bank Presidents See Less Need for New Easing
(DBN)

JPMorgan chief Jamie Dimon blasts governments for 'making the recovery worse'
(DBN)

Jobless claims in US fell to lowest level in four years --- Jobless Claims Keep Getting Revised Up
(DBN)

How boomers will change retirement and jobless rates
(DBN)

Justice Department Probing Widespread Stimulus Fraud
(DBN)

100 Years of US Family Budgets
(DBN)

Census Data Offers Look at Effects of Recession
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

US rate on 30-year mortgage falls to 3.98 percent
(DBN)

Existing Home Inventory declines 20% year-over-year in early April
(DBN)

Foreclosures: A Decade Long Overhang
(DBN)

Judge approves foreclosure deal with banks
(DBN)

Does Fannie Have No Heart?
(DBN)

BGC could get cash back in Grubb purchase
(DBN)

Jamie Dimon: All Leading Indicators Are Flashing Green For Housing
(DBN)

New York Broker Faces Trouble With Regulator Again
(DBN)

Distressed loan activity increases in NYC ‎
(DBN)

San Francisco Leads Rent Growth --- Office Sector Experiences Slow And Mild Recovery
(DBN)

Strip Mall Vacancy Rate declines slightly in Q1
(DBN)

_____________

Tax:

'Switzerland Has a Lot of Explaining to Do'
(DBN)

Germany tries to convince Swiss banks to play by its rules
(DBN)

Greeks flee Swiss banks
(DBN)

______________

Retailing:

March comps shine for most key retailers
(DBN)

Penney cuts 600 workers, 13 percent of HQ staff
(DBN)

______________

Food/Beverage:

Buffets Rewards Managers Who Put Chain in Bankruptcy
(DBN)

Sale of NY terminal units complicates PACA case
(DBN)

Snokist Works On New Bid Rules With Del Monte As Lead Bidder
(DBN)

Hostess in midst of soliciting bids to invest in plan --- Teamsters Outraged at Twinkie Maker
(DBN)

______________

Financial Planners:

CFP Board Changes Rules For Bankruptcies
(DBN)

______________

MF Global:

MF Global's Two Trustees Showing Signs of Disagreement
(DBN)

Caught Between MF Global And The Tax Man
(DBN)

______________

Religion:

Judge won’t unseal Milwaukee archdiocese documents
(DBN)

Judge won't dismiss charge against Missouri bishop
(DBN)

El Paso: Lawsuits allege sex abuse
(DBN)

Monk to attend bankruptcy hearing by phone
(DBN)

______________

Fraud:

Trustee Unwinding Madoff Feeder Funds Sues 9 Firms For $65 Million
(DBN)

Ponzi Victims Pitted Against Each Other: Madoff Trustee v. California Attorney General
(DBN)

BDO Seidman Settles New York Lawsuit Over Le-Nature's Loan
(DBN)

Levinsons allege RRA receiver is stopping access to accountant
(DBN)

Former Securities Lawyer Gets 23 Years in Scheme to Sell Millions in Fraudulent Investments
(DBN)

Stanford Judge Lets Receiver Raise Fee, Retains 20% Discount
(DBN)

Citi’s Stoker Can’t Cite Legal Advice as Defense, SEC Says
(DBN)

______________

Forest Products:

Sino-Forest: Ernst & Young quits as troubled timber company's auditor
(DBN)

______________

Digital Communications:

DRI Corporation Names Stalking Horse Bidder
(DBN)

______________

Compensation:

Morgan Stanley Will Take Back Bonuses for ‘Conduct Detrimental’
(DBN)

SEC Sues to Clawback Compensation of Executives
(DBN)

______________

Small Business:

BofA Hires 90 Small Business Bankers in Georgia, Carolinas
(DBN)

______________

Awards:

Greenberg Traurig Team Receives “Deal of the Year -- Restructuring” Award at Sixth Annual Latin Lawyer Deal of the Year Awards
(DBN)

______________

Celebs:

Nicolas Cage Settles Part Of Tax Bill
(DBN)

______________

Orchestras:

Louisville Orchestra to hire replacement musicians
(DBN)

______________

Municipalities:

Yonkers Finances in Desperate Straits, Panel Warns
(DBN)

Harrisburg Officials Seek Court Hearing on Receiver
(DBN)

Harrisburg Creditors Name Choice for Incinerator Receiver
(DBN)

Muni Lawyer in Harrisburg, Stockton Bankruptcies Expects More
(DBN)

Stockton loses bid to delay bank trial
(DBN)

Rhode Island Offers Help To Struggling Municipalities
(DBN)

Mammoth Lakes second to use Calif. bankruptcy law
(DBN)

Public Sector Cuts Taking a Heavy Toll
(DBN)

______________

Student Debt:

Student loan revamp builds on ABS
(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 (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (42 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 Sapere-MF Global, Statistics, Buyout Target
(DBN)

______________

Bankruptcy Statistics:

Downward Bankruptcy Filing Trend Continues --- Bankruptcy filings in Q1 fall 12 percent from 2011
(DBN)

Mass. business bankruptcies spike in 2012 Q1
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Avoidance Actions:

New Law Limits Charities' Liability in Clawback
(DBN)

______________

Corporate Reform:

Systemically Important in Three Easy Steps? FSOC Approves Final Rule for Nonbank SIFI Designations
(DBN)

The JOBS Act Loosens Regs for Companies Like These
(DBN)

______________

Litigation:

Federal Judicial Advisory Committee Ponders New E-Discovery Rules
(DBN)

Working on the Clock: The Advantages of Timed Trials
(DBN)

How to Get an eDiscovery Evidentiary Hearing
(DBN)

______________

Mass Torts:

BP Steering Committee's 'Holdback' Fee Riles Plaintiffs Lawyers
(DBN)

______________

Health Care:

Newt's Health Care Think Tank Goes Bankrupt
(DBN)

Details emerge from McLaren, CMS --- McLaren set to re-open clinics on Monday
(DBN)

______________

Alternative Energy:

Fisker Seeks to Plug Back in to Federal Loan Perkins Coie Helped Company Land
(DBN)

______________

Pensions:

US companies using debt to cover pension shortfalls
(DBN)

Pension Official Discusses 'Retirement Crisis for Baby Boomers'
(DBN)

______________

Hollywood:

David Bergstein Appeals Denial of 'Conspiracy' Evidence in Ongoing Legal Battle
(DBN)

______________

Banking:

How sizable are the losses JP Morgan is hiding on and off its balance sheet?
(DBN)

Bank failures inch up in March
(DBN)

______________

Derivatives:

Former head of structured credit: 'We saw numbers behave in ways barely conceived possible'
(DBN)

Credit-Default Swaps in U.S. Climb Most in Almost Four Months
(DBN)

______________

Distressed Investing:

JPMorgan Cuts Discount On $132 Million Rialto Distressed Loan CMBS
(DBN)

______________

Oil/Gas:

Expert: Yes, Speculators Are Driving Oil and Gas
(DBN)

______________

UK:

Rangers poised to accept 1 of 3 bids next week --- Rangers in crisis: Fans threaten boycott
(DBN)

Financial health warning to one in five English Football League clubs
(DBN)

______________

PIIGS:

Spanish yields rise to multi-month highs
(DBN)

Spanish minister says hike in bond rates due to EU growth doubts, rules out bailout
(DBN)

Spain's Death Spiral and Hypocrisy of the Euro
(DBN)

Bailed-out Portugal's recovery program is on track but big risks remain, IMF says
(DBN)

New law provides for settlements for over-indebtedness
(DBN)

ABS shows Greek bonds can pay par
(DBN)

Greek banks face moment of truth on capital holes
(DBN)

Athens: Violent Protests Over Debt Suicide
(DBN)

ie: Distressed Assets Update - April 2012
(DBN)

______________

Germany:

German solar juggernaut rolls on despite tariff cuts
(DBN)

______________

Brazil:

Turnaround Getting Hot in Brazil
(DBN)

______________

Iceland:

Iceland takes a more rational approach to the financial crisis
(DBN)

______________

MENA:

Dubai restructuring: squeezing lenders
(DBN)

______________

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Copyright 2012