August 1, 2012

The Daily Bankruptcy News

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Law:

Law firm Dewey secures two extra weeks of bankruptcy funding
(DBN)

Howrey: When The Sinking Ship Seeks The Cheese Back From The Fleeing Rats
(DBN)

'Unfinished Business' - Expanding Hurdle to Lateral Hiring
(DBN)

The Best Law Firms for Diversity (2013)
(DBN)

Honor and Dishonor - Symbols Matter
(DBN)

Lawyer must arbitrate pay complaint against Perkins Coie
(DBN)

In First, Consumer Agency Charges Law Firm with Duping Homeowners
(DBN)

Getting the Maximum Litigation Bang for Your Buck
(DBN)

Litigation Funder Didn't Want Chevron Plaintiffs To Settle for Less than $900 Million, According To Internal Report
(DBN)

A World of Good - In the past decade, the notion of law firm public service has spread far and wide --- 2012 Pro Bono Survey Results
(DBN)

Lawyer may have been negligent, but no malpractice: appeals court
(DBN)

Ex-BigLaw Associate Sentenced to Record 12 Years Says ‘Excitement’ Drove $37M Insider-Trading Scheme --- How Wall Street lawyer turned insider trader
(DBN)

Corporate Crusader or Inside Trader?
(DBN)

The Eureka Moment: How Six Big Law Firms Learned to Love Legal Project Management
(DBN)

Jones Day faces court action in Chinese branding dispute
(DBN)

Is Breastfeeding Right For Biglaw Women?
(DBN)

Law Schools Bargain with Students to Fill Seats
(DBN)

ABA again wades into the fraught issue of accrediting overseas law schools
(DBN)

Prospective Law Students Adopt Consumerism: Half century after Ralph Nader
(DBN)

ABA standards stand in the way of law school reform
(DBN)

How The Other Half Graduates: A Cooley Commencement Speech Inspired By ‘My Cousin Vinny’
(DBN)

Florida State 3L Allegedly Shoots Florida State 2L
(DBN)

Meeting a Biglaw Insider
(DBN)

L.A. litigator seeks house arrest to accommodate hip surgery
(DBN)

Locke Lord Lobbyist Racks Up Plaudits in Second Career as Film Producer
(DBN)

Romney Photo Spurs Domestic Abuse Incident
(DBN)

Feds: Former Military Cop Tried To Smuggle Meth Hidden Inside 45 Snickers Candy Bars
(DBN)

No Charges Filed Against Walmart Toe Sucker
(DBN)

Boss of the Day?
(DBN)

Judge recommends lighter penalty in ex-DA sexting case
(DBN)

Cops: Man Annoyed By Arrest, Said "He Had Only Shot a N-----"
(DBN)

Police charge woman after she re-enacts domestic abuse claim on cop
(DBN)

Lawyer Gets 4 Months, Is Fined $10K, for Using Another Attorney’s ID on Passport Application
(DBN)

Lawyers Shadowed Olympic Torch "Every Step of the Way"
(DBN)

Angry Judge May Start Jury Selection Anew Due to Gossip About Defendant Among 200-Member Pool
(DBN)

Mug Shots
(DBN)

Police: Complaining About Mug Shot Quality Is Improper Use of 911
(DBN)

Say What?!
(DBN)

______________

Judges:

Senate Blocks 10th Circuit Nominee, Apparently Shutting Down Confirmation Process for Appeals Judges
(DBN)

After 44 years, RI's first bankruptcy judge retires
(DBN)

Notice Of Vacancy United States Bankruptcy Judge Austin, Texas
(DBN)

Ex-Judge Pleads to Misdemeanor in Criminal Case Over Altered Conviction Dates in DWI Cases
(DBN)

The Case Against Madam Justice Lori Douglas
(DBN)

Quinn Emanuel faces judge's ire as trial gets underway - "don't make me sanction you"
(DBN)

______________

Wall Street:

Stock futures signal higher open
(DBN)

Stocks Slide as Fed, ECB Decisions Loom
(DBN)

The Paragraph In Deutsche Bank's Layoff Statement That Should Scare All Of Wall Street
(DBN)

Meredith Whitney Has Some Advice For Laid Off Wall Streeters
(DBN)

Creditors should face clearing failure hit
(DBN)

The Long and Winding Road: Careerist Confusion on Wall Street
(DBN)

10 Things You Need To Know Before The Opening Bell
(DBN)

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Layoffs:

Just 54% of Americans 18-24 were employed last year, the lowest level since data has been kept
(DBN)

Layoffs Watch ’12: Deutsche Bank --- Deutsche Bank to Fire 1,900
(DBN)

Banks Planning Massive Job Cuts – Old Business Models No Longer Work
(DBN)

Don’t trust the boomers!
(DBN)

Dendreon to close New Jersey plant, cut 600 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Food/Beverage:

Mama mia! Five Italian eateries in hot water
(DBN)

Another Bidder for Tavern on the Green
(DBN)

______________

Oil/Gas:

RTXCO Secures $15.9 Million Judgment for Misappropriation of Trade Secrets in Eagle Ford
(DBN)

BP Posts Unexpected Huge Loss
(DBN)

______________

Student Debt:

Strange New Ways to Pay for College
(DBN)

______________

Wine:

Alma Rosa, Sibling of 'Sideways' Winery, Files for Chapter 11
(DBN)

______________

Forest Products:

Sino-Forest says several companies that owe it millions no longer exist
(DBN)

______________

Retailing:

RadioShack Tracks Kodak With 80% Default Odds
(DBN)

5 Ways Wall Street is Killing Retail
(DBN)

______________

Debt Collection:

Accretive: A Question Answered
(DBN)

When Serving Jail Time for Unpaid Debts Becomes a Debt Spiral
(DBN)

______________

Sporting Goods:

Prince Sports reorganization plan nets bankruptcy court OK
(DBN)

______________

Economy:

Dovish Fed Expected to Be Mostly Talk, Little Action
(DBN)

U.S. Consumer Confidence Index Unexpectedly Rose
(DBN)

Consumer Spending in US Was Unchanged in June
(DBN)

Americans Cut Spending for First Time in a Yr
(DBN)

US Can't Count on Consumers
(DBN)

Cracks Visible in US Consumer Facade
(DBN)

Economic data pierce US gloom
(DBN)

Guaranteed Fix for the Budget Deficit
(DBN)

Credit Managers' Index for July Reports Worsening Business Conditions
(DBN)

Investors cautious as central bank meetings loom
(DBN)

Americans Divided on Economic Solutions
(DBN)

Why are 15 Percent of Americans Still in Poverty? Low-Wage Jobs Partly to Blame, Law Prof Says
(DBN)

Output, Prices, Jobs by Country
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Regulator rejects government mortgage write-down plan --- Mortgage markets react to GSE principal write-down rejection --- Geithner: Fannie and Freddie's refusal to use targeted principal reductions is not "the best decision for the country" --- DeMarco has "a deep aversion to reducing principal" common among bankers and lenders and should step aside
(DBN)

Merkley refi plan could reach 75% of private underwater mortgages
(DBN)

Colorado Family Unable to Move Into Their Home After Squatters File for Bankruptcy
(DBN)

Goldman to pay $26.6 mln in mortgage debt class-action
(DBN)

Home Prices in US Fell Less Than Forecast in Year to May --- Are Home Prices Rising? A Price-Index Primer
(DBN)

Is the Housing Recovery Real?
(DBN)

Case-Shiller Shows Strong Price Gains in May --- Home prices rose in all major US cities in May --- Why Rise in Home Prices May Not Mean Much-Yet
(DBN)

Foreclosure Machines Still Running on 'Low'
(DBN)

Foreclosure Inventory Could Bloat
(DBN)

Fannie Mae, Freddie Mac Sued Over Transfer-Tax Nonpayment
(DBN)

The megabillions tax claims facing Fannie Mae and Freddie Mac
(DBN)

First Mortgage Deficiency Lawsuits Being Filed By SunTrust Against Ginnn Development Investors
(DBN)

Judge to troubled Prium developers: Make a deal
(DBN)

Mystery buyer snaps up 275 foreclosed homes in Phoenix area
(DBN)

NY-based developer of failed Vegas project faces fraud claims
(DBN)

Office building sales rebound hits a speed bump
(DBN)

MBA: Multifamily/commercial mortgage originations swell 25% in 2Q
(DBN)

CW Threatens to Pursue Foreclosure in Carter's Grove
(DBN)

____________

Banking:

UBS hit by Facebook IPO loss - $350M
(DBN)

New York Bank Sues Libor-Setting Banks for Fraud
(DBN)

SocGen Profit Misses Estimates With 42% Slide on Writedowns
(DBN)

Instead of paying banks not to lend, the Fed should to stimulate lending by charging banks interest on excess reserves
(DBN - NY Times - Paywall Limit Possible)

______________

Autos:

Do GM's Problems Start at the Top?
(DBN)

GM Exec Shake-up Points to Struggles
(DBN)

Auto Sales and the Odds of a Recession
(DBN)

Marchionne’s Chrysler Stars in Fiat’s Struggle for Profit
(DBN)

Honda's Profits Quadruple
(DBN)

______________

Mail:

Postal Service default looming, Congress expected to do nothing
(DBN)

______________

Orchestras:

Philadelphia Orchestra Association exits bankruptcy
(DBN)

Orchestra's final exit from bankruptcy
(DBN)

______________

Brokers:

MF Global Customers Will Be Made Whole, Freeh Says
(DBN)

Peregrine Trustee Seeks to Subpoena Banks on Transfers
(DBN)

CFTC lawyers: Gensler's MF Global recusal unnecessary
(DBN)

______________

Photography:

Kodak's US operations show first sign of profitability
(DBN)

______________

Steel:

Bonuses for RG brass? Are you kidding?
(DBN)

Bankrupt RG Steel's plant auctions reported delayed
(DBN)

______________

IP:

Power Players Line up Ahead of Kodak Patent Sale
(DBN)

______________

Tech:

Amid Lawsuit, Deep Photonics Files for Bankruptcy
(DBN)

______________

Alternative Energy:

Will Suntech Shares Get Wiped Out? Analyst Sets $0 Target
(DBN)

Court confirms Energy Conversion's liquidation plan
(DBN)

______________

Aviation:

AMR reports $102 million operating profit for June
(DBN)

Lawyers seeking fees in Hawker Beechcraft bankruptcy
(DBN)

Some Hawker Beech Bonuses Approved
(DBN)

______________

History:

Sovereign Debt
(DBN)

______________

Tax:

Ex-UBS clients get year in prison in offshore tax dodge case
(DBN)

______________

Utilities:

Edison Sees Possible Generation Unit Bankruptcy , Nuclear Probes
(DBN)

Romeoville Coal Plant Owner Could Face Bankruptcy
(DBN)

______________

Bankruptcy Crimes:

Maryland Minister Sentenced For Hiding Church Assets
(DBN)

______________

Politics:

Romney ad attacks Obama support for auto bailout
(DBN)

______________

Agriculture:

Is the Great Drought Here to Stay?
(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 (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Sales:

363 Asset Sales: Procedures to Facilitate a Smooth Process
(DBN)

______________

Avoidance Actions:

How valuable is "new value" in preference litigation?
(DBN)

______________

Arbitration:

“Release the Kraken” – S.D.N.Y. Affirms Denial of Arbitration, Rules That Determinations Regarding Property of the Estate Belong In Bankruptcy Court
(DBN)

______________

Cross-Border:

Chapter 15 Limits Tested [In re Awal Bank, BSC]
(DBN)

______________

Litigation:

Delaware Practice and Procedure for Non-Delaware Lawyers
(DBN)

Taking Technology-Assisted Review to the Next Level
(DBN)

______________

Distressed Investing:

The Strategy of Acquiring Distressed Assets by Purchasing Secured Claims is Aided by a Recent Supreme Court Opinion
(DBN)

______________

Municipalities:

California Luring Most Cash Defies Bankruptcy Wave
(DBN)

Municipal bankruptcy vs. Michigan's emergency manager law
(DBN)

Duarte Nears Fiscal Emergency, But Downplays Bankruptcy Fears
(DBN)

Fresno to Conan O'Brien: Yes to Bobblehead, no to suicidal cow
(DBN)

Duffey refutes Compton bankruptcy threats
(DBN)

Life after bankruptcy : Problems persist in Vallejo
(DBN)

SEC's recommendations for municipal bond market --- Recommends municipal security reform amid bankruptcies
(DBN)

_____________

Health Care:

5% in US Equal 50% of Health Care Costs
(DBN)

______________

Fraud:

U.S. Judge Backs Janvey in Stanford Asset Fight With Caribbean Liquidators
(DBN)

SEC loses civil fraud case against ex-Citigroup manager
(DBN)

Informants take center stage at insider trading trial
(DBN)

______________

Corporate Reform:

‘Where’s Waldo’ Defense Raised at Crisis-Era Case
(DBN)

______________

Mass Torts:

Libor, the New Asbestos
(DBN)

Trickle of Libor lawsuits from rate-fixing scandal likely to become deluge
(DBN)

______________

Corporate Governance:

Shares of companies with women on their boards out-perform similar companies with all-male boards by 26% --- Why Women Make Boardrooms Better
(DBN)

______________

Telecoms:

Nortel Networks moves to terminate benefits for US retirees
(DBN)

______________

Celebs:

David Duval says Colorado home not in foreclosure
(DBN)

Holyfield Sells Gloves From Tyson Ear-Bite Fight After Foreclosure
(DBN)

Baseball's Jose Canseco Jr. files for bankruptcy protection
(DBN)

IRS Sells Young Buck Assets…to Young Buck?
(DBN)

Wesley Snipes Turns 50 in Prison
(DBN)

______________

UK:

Scots: 'Bankruptcy is too easy'
(DBN)

UK refinery creditors to get just 6.4 pct of claims-PwC
(DBN)

Nurses 'cleaning wards at cash-strapped hospitals'
(DBN)

UK: Manufacturing Hits 3 Year Low
(DBN)

______________

EU:

Recession, Libor, Facebook punish Europe's banks
(DBN)

Now Germany Needs to Let Draghi Do ‘Whatever It Takes’
(DBN)

ECB May Have to Change Tack on Bond Buys
(DBN)

US Raises Pressure on Solving Eurozone Crisis
(DBN)

Meet the Three Men Aiming to Save the Euro
(DBN)

Dan Loeb is looking to cash in on the European crisis
(DBN)

______________

PIIGS:

Spain's BBVA bank plans fire sale of toxic housing stock
(DBN)

Greece 'on the brink' as cash reserves dry up --- Greeks can no longer afford paying expensive bribes --- Greek coalition chiefs to hold new austerity talks --- Athens resorts to more T-Bills
(DBN)

______________

Germany:

The German Economy Continues To Get Worse
(DBN)

______________

India:

Blackout Hits 680 Million In India --- A 'Superpower' That Couldn’t Keep the Lights On
(DBN)

India struggles back from power blackout that plunged 600 million into darkness
(DBN)

______________

China:

China official PMI shows factory sector barely growing
(DBN)

______________

Russia:

Arrest of Russian Opposition Leader Raises Tough Questions for Country's Legal System
(DBN)

______________

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Copyright 2012