August 10, 2012

The Daily Bankruptcy News

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Law:

Dewey revamps terms of settlement deal as carrot for ex-partners --- Offers partners new incentives to join --- Dewey to Protect Some Partners From Liability, Retirees Say --- Dewey Retirees Seek Independent Trustee, Claim 'Pre-Bankruptcy Insiders' Control Firm's Windup --- Dewey Plots Official End for Russian, Kazakh Outposts --- As Retirees Push for Trustee, Dewey Advisers Try New Bait to Woo Partners to Settlement Plan
(DBN)

Filings plummet but US firms reap big bankruptcy profits
(DBN)

Mayer Brown, Dechert, Simpson, Debevoise: Business of Law
(DBN)

Fee Dispute Centers on Role Firm Played in Bankruptcy Matter
(DBN)

ATL Summer Associate Event Contest: The Finalists
(DBN)

Law Firms: The survivors are like LinkedIn
(DBN)

Promising Times or Perilous Ones?
(DBN)

Law Schools Could Be Admitting 80 Percent of Their Applicants This Fall, Statistics Suggest
(DBN)

Law Schools Misreport Debt Figures to the ABA; To No One’s Shock, the ABA Does Nothing
(DBN)

ABA Task Force to Study Future of Legal Education
(DBN)

Law School Application Advice, Given While Drunk After Watching The Olympics
(DBN)

Comparison of 2010 and 2011 Enrollment and Profile Data Among Law Schools
(DBN)

Law School Transparency: The adversary system
(DBN)

Law Schools That Misreported Student Debt Figures to ABA, US News Are Identified
(DBN)

University President Claims He Intended to Terminate Ex-Dean’s Appointment, Hires Personal Injury Attorney as Interim Dean --- More on the crisis at SLU --- The New Interim Dean at Saint Louis University Law School
(DBN)

St. Louis dean departs amid clash over money --- Whistleblowing Deans: Selfless (reckless)gesture, but reform must come from outside
(DBN)

From Biglaw to Boutique: Kissing Frogs
(DBN)

The Illusion Of Proactivity
(DBN)

How to Create an Unforgettable, Professional Presentation
(DBN)

The world's smartest law firm revealed
(DBN)

For Two DLA Piper Associates, Zero Billable Hours Is a Good Thing
(DBN)

Anthony Pellicano Fights Government Over Whether He Remains 'Danger' to Society
(DBN)

Appeals Court Overturns Contempt Order Against Overscheduled Lawyer
(DBN)

Zimmerman Prosecutors In Huge Screw-Up --- Trayvon Martin shooter seeks hearing under self-defense law
(DBN)

Doctor Accused of Waterboarding Daughter
(DBN)

Postcard From the Law Firm of Whitestar, Titanic, and Iceberg LLP
(DBN)

Drunken Joy Ride in Stolen Dump Truck Leaves 1,400 in Dark
(DBN)

Prosecutor Loses $129K Job, Is Accused of Creating Hostile Work Environment via ‘Spy Pen’ Photos
(DBN)

N---- Randy Travis Threatened Trooper --- The Bare Facts
(DBN)

Man Begins Serving 30 Day Sentence For 'Rainwater Theft'
(DBN)

Say What?!
(DBN)

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Judges:

Rakoff's not-so-secret agenda: Help the SEC sue corp officials
(DBN)

Jane Roberts, Chief Justice John Roberts' Spouse, Breaks The Mold Of Supreme Court Wives
(DBN)

Mintz Levin Attorney Bruce D. Sokler to Speak at Ninth Circuit Judicial Conference
(DBN)

Opinion Cites ‘Egregious Error’ by Judge Who Sent Woman to Jail for Recording Video in Court
(DBN)

Justice Ginsburg drafted healthcare dissent before seeing Roberts's opinion
(DBN)

Mass. Court: Judges Don’t Have to Disclose Their Deliberations
(DBN)

Survey: Judges Are Less Freaked Out By Facebook, Twitter
(DBN)

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Wall Street:

US stock index futures signal lower Wall St open
(DBN)

Stocks close mixed after economic reports
(DBN)

U.S. Stocks Are Little Changed as Europe Offsets Economic Data
(DBN)

Automated trading: The Lazarus of Wall Street
(DBN)

Why in the World is the Stock Market Rallying?
(DBN)

Goldman Sachs Reports 6 Days of Trading Losses
(DBN)

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Layoffs:

Layoffs down in second quarter of 2012, Bureau of Labor reports
(DBN)

Layoffs Watch ’12: Morgan Stanley
(DBN)

Layoffs Watch '12: Morgan Stanley
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Mail:

Postal Service reports $5.2B loss in 3rd quarter --- The Postal Service and the business of mail
(DBN)

'Crisis of confidence' as USPS posts $5.2B quarterly loss
(DBN)

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Food/Beverage:

Celeb-friendly Soho eatery is in jeopardy
(DBN)

The 14 Best Restaurants In America
(DBN)

Hostess, Teamsters, close to deal to sidestep liquidation, report says
(DBN)

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Brokers:

Peregrine CEO used company funds to buy life insurance: lawyer
(DBN)

Did SEC Laws Push Knight Capital to the Verge of Bankruptcy ?
(DBN)

Court to consider $160 mln MF Global pact with CME
(DBN)

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Celebs:

Sir Elton John sues The Times over tax allegations
(DBN)

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Gambling:

Can the gaming enterprise of a Native American tribe be a 'debtor' under the US bankruptcy code?
(DBN)

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Environmental:

Anadarko expects a win in Tronox case
(DBN)

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Politics:

Scott Brown Takes Issue With Welfare Voter Registration Push
(DBN)

Obama: Let's repeat auto industry success
(DBN)

Romney Gets Welfare Politics Right as Ad Misses on Facts
(DBN)

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Alternative Energy:

Chu Set to Tell Obama Loans Healthy Before Solyndra Failed
(DBN)

Chinese investment in battery maker A123 sparks controversy --- Republicans assail Waltham battery maker's deal with China
(DBN)

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Pharma:

KV: Judge approved continued operations during bankruptcy
(DBN)

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IP:

Apple Can Seek Appeal of Kodak Imaging Patent Ruling
(DBN)

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Pensions:

Americans Defaulting on Loans to Themselves
(DBN)

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Tax:

IRS Ended Methods for Discovering Fraud
(DBN)

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Economy:

U.S. Jobless Claims Unexpectedly Fall as Labor Market Mends
(DBN)

Jobs, trade data supports modest economic growth
(DBN)

US Wholesale Inventories Fall on Oil Stocks--- US Wholesale Inventories Fall on Sales
(DBN)

U.S. Exports Will Soon Slide From Lofty Heights
(DBN)

Everything You Need To Know About The Fiscal Cliff In Just 3 Slides
(DBN)

The Baby Boom Recovery
(DBN)

Consumers getting a better handle on debt
(DBN)

Morgan Stanley's Brilliant Presentation On The Fiscal Cliff, And What Happens If We Fly Off Of It
(DBN)

Shilling: Consumers Walking Us into Recession
(DBN)

Welfare Spending Cut in Half Since Reform
(DBN)

Nobel economist: Inequality weighs on US economy
(DBN)

Yes, College Is Worth It — With Some Caveats --- The Scam of For-Profit Colleges
(DBN)

The 9 Youngest Billionaires Around The World
(DBN)

China Trade Decelerates in Sign of Global Weakness
(DBN)

Just 14% Think Today’s Children Will Be Better Off Than Their Parents
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Regulator Warns Against Eminent Domain
(DBN)

Consumer cop takes on ' robo-signing '
(DBN)

US Bank sets aside $130 million for potential mortgage servicing settlement
(DBN)

Mortgage delinquencies rose last quarter, trade group study says
(DBN)

These 20 Cities Have The Highest Home Foreclosure Rates In America
(DBN)

Home Prices Rise in 75% of US Cities in Second Quarter --- Median Home Price Takes Biggest Jump Since 2006
(DBN)

US rate on 30-year mortgages rises to 3.59 percent
(DBN)

Rules target mortgage service companies
(DBN)

BofA Can Pursue FDIC for Taylor Bean Fraud Losses, Judge Says
(DBN)

Fannie Mae to end foreclosure mediation program in Florida
(DBN)

Citi Sells 500 Troubled Mortgages To Return-Hungry Hedge Funds
(DBN)

Mortgage applications up, mortgages not so much
(DBN)

Citi Launches Rental Effort for Distressed Borrowers
(DBN)

Bruce Burrow Says Finances Aren't As Bankruptcy Filing Makes Them Seem
(DBN)

Paulson's Latest Housing Bet: $17 Million of Las Vegas Land
(DBN)

MBA Student Learns How To Flip A House The Hard Way
(DBN)

Government-held REO drops 18% from last year
(DBN)

Court confirms that no statutory or common law landlord’s lien exists under Michigan law
(DBN)

Total foreclosures fall in Hawaii, but foreclosure starts trending up
(DBN)

House Flipping Still at Home on Reality TV
(DBN)

James Holmes' Landlord Wants Him Evicted Because He 'Murdered Numerous Individuals' --- Accused Colorado shooter has mental illness, defense attorney says
(DBN)

Record low mortgage rates could be even lower "if banks were satisfied with the profit margins of just a few years ago"
(DBN)

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Agriculture:

Cargill quarterly profits drop 82%
(DBN)

Farms Are Sucking The Planet Dry
(DBN)

July was Hottest Month in US History
(DBN)

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Aviation:

AMR Pilot Leader Who Backed US Airways Merger Quits After Vote --- Two other union groups approve agreements
(DBN)

American Eagle and its pilots reach a tentative agreement
(DBN)

Bankruptcy judge to rule on rejecting pilots contract on Aug. 15, will wait for flight attendants vote
(DBN)

AMR Update: Claims Trading Opportunities
(DBN)

US Airways Shares Hit By AMR’s Union Rejection
(DBN)

Still Worth It? Basic-Level Elite Status Perks Eroded, Available With Card Deals
(DBN)

'4 Swift Air executives get large bonuses, other payments'
(DBN)

Pilots' union boss's views of Air Malta restructuring 'shallow'
(DBN)

Vietnam airline fined for bikini performance
(DBN)

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Accounting:

Court Dismisses Securities Fraud Claims Against Outside Auditors to Madoff Feeder Funds
(DBN)

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Municipalities:

Insurer MBIA unit challenges Stockton's bankruptcy
(DBN)

S&P cuts Stockton Public Financing Authority 2008 bonds to 'BBB'
(DBN)

Stockton, Calif., insurer contests city bankruptcy --- Stockton Creditor Asks Judge to Dismiss City’s Bankruptcy --- Bond companies to fight Stockton's CalPERS payments --- Challenges to Stockton Could Affect Pensions
(DBN)

San Bernardino bankruptcy may start trend for California cities: Moody's
(DBN)

California Bankruptcies Shield Retirees, Not Bondholders --- Not open season on workers
(DBN)

City bankruptcies lead to rampant finger-pointing
(DBN)

Romney compares California to debt-ridden Greece
(DBN)

California Restructures, One City at a Time
(DBN)

Fitch says Syracuse bankruptcy unlikely --- New York's Syracuse gets opinion on bankrupt
(DBN)

New Mexico finance officials arrested for faked audit
(DBN)

Woonsocket to keep school open, receivership still looms
(DBN)

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Steel:

Md. AG files objection to sale of Sparrows Point
(DBN)

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Soccer:

Dissolving Scotland's Old Firm
(DBN)

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Health Care:

Ascension Health signs new deal with embattled debt collector
(DBN)

Medicaid Providers May Face the Music Over Unpaid Taxes
(DBN)

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Cash Management:

Bank of New York Mellon Wins Appeal on $312 Million Lien --- The Opinion
(DBN)

______________

Awards:

Mackinac Partners Receives Two "Deal of the Year" Awards For Its Role in the Turnaround and Financial Restructuring of PlayPower, Inc.
(DBN)

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Corporate Reform:

SEC drops investigation into Goldman mortgage deal
(DBN)

______________

Credit/Debit Cards:

Visa and MasterCard Settle Lawsuit, but Merchants Aren't Celebrating
(DBN)

Retailers press forward on $7.2 billion card fee settlement
(DBN)

______________

Shipping:

The Bankruptcy Of The World's Oldest Shipper Signals Rough Waters Ahead For The Battered Industry
(DBN)

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Auto Racing:

Racetrack developer files for bankruptcy
(DBN)

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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 (34 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)

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Miscellaneous:

13 Creative Ways To Lose Millions Of Dollars Really Quickly
(DBN)

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Bankruptcy Statistics:

Phoenix-area bankruptcies fall 14%; 18th dip in a row
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Plan Confirmation:

Reinstatement of Debt: Having Your Cake and Eating it Too
(DBN)

______________

Claims Trading:

KB Toys: Hobgoblins Return to Haunt Bankruptcy Claims Traders
(DBN)

______________

Cross Border:

Foreign Debtor May Appoint Representative to Commence Chapter 15 Case
(DBN)

______________

Bankruptcy Compensation:

Study Finds Bankruptcy Bonuses Work
(DBN)

______________

Automatic Stay:

Eighth Circuit holds automatic stay inapplicable to action challenging transfer of collateral to real estate improvement district
(DBN)

______________

Avoidance Actions:

Eleventh Circuit Rules “No-Action” Clause Bars Noteholders’ Fraudulent-Transfer Claims
(DBN)

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Unexpired Leases:

Lease May Be 'Terminated' but 'Unexpired,' Circuit Says
(DBN)

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Derivatives:

The effect of bankruptcy on an out-of-the-money swap
(DBN)

______________

Insurance:

Libor Scandal Could Harden Already Tight Financial Institution D&O Market
(DBN)

Aviva hit by 876m writedown of US unit --- Fuels disposal talk --- Hard part of Aviva repair job lies ahead --- Aviva finally turns to face the right way
(DBN)

______________

Sports:

The Evolution of Sports Bankruptcies
(DBN)

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Banking:

BofA Can Pursue $1.75 Billion Suit Against FDIC
(DBN)

Standard Chartered ponders countersuit --- Rogue Bank or Regulator in Standard Chartered Case? --- Fitch says it might downgrade Standard Chartered ratings --- Investors run shy as Standard Chartered's halo slips --- Investors question StanChart's defense
(DBN)

Did We Just Find Someone to Take On the Banks?
(DBN)

American and British authorities at odds in Libor probe --- What’s Fed to Do as 15 of 18 Banks Fixing Libor Aren’t American
(DBN)

Banks Face Derivatives Margin Losses as Too-Big-to-Fail Ends
(DBN)

Capitol Bancorp of Michigan Makes Chapter 11 Filing
(DBN)

Failed Bank Directors Not Liable for Ordinary Negligence Under Florida Law
(DBN)

Former Bank President Sentenced to 12 Years in Federal Prison for Bank Fraud Conspiracy and Perjury
(DBN)

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Distressed Investing:

Octagon Hires Angelo Gordon's Arden for Distressed -Debt Unit
(DBN)

Cerberus seeks $1.2b for distressed real estate fund
(DBN)

4 Companies Drowning in Debt
(DBN)

______________

Skiing:

Wisp Owners Get Bankruptcy Extension
(DBN)

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Tech:

HP braces for huge loss after $8 bln EDS writedown
(DBN)

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Bankruptcy Crimes:

Caldwell woman gets 6 months for fraud
(DBN)

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Oil/Gas:

Litigating Value In Oil & Gas Bankruptcy Cases
(DBN)

______________

Religion:

Catholic ombudsman announces first year of findings
(DBN)

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UK:

Practice groups' mixed reaction to ICAEW avoidance guidelines
(DBN)

Global slump sinks Britain's oldest shipping firm
(DBN)

Debt Relief Orders in Northern Ireland: one year on
(DBN)

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EU:

Euro dips on doubts over ECB action, economy
(DBN)

European Central Bank Paints Bleak Portrait of Economy
(DBN)

Euro: Some Nations Might Have to Leave
(DBN)

INSOL Proposes Revisions for European Insolvency Regulation
(DBN)

TMA Europe 2012 Turnaround of the Year Awards
(DBN)

'Trust No One Over 30!' Euro Crisis Morphs into Generational Conflict
(DBN)

______________

PIIGS:

Debt-ridden Italy sells off its castles --- Monti Takes Off Gloves in Euro Zone Fight
(DBN)

ECB's Greek Fudge: Nutty and Stale? --- S&P's lowers Greece's outlook --- Poll reveals 28% of finance professionals sick of being asked about Grexit --- Debt ridden Greeks ditch cars for bikes --- Greek Power Plant Threatens Blackouts to Fight Privatization --- Financial Crisis Affects the Greek Diet --- Unemployment rate rose to 23.1 percent in May --- Would A Greek Exit Really Be Manageable?
(DBN)

Investing in Spain: Insolvency Opportunities
(DBN)

Lucky Break for Spain and Ireland with DBRS Downgrade
(DBN)

More Abandoned Children as Europe Austerity Wears On
(DBN)

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Japan:

Fitch Warns Japan Of Downgrade If Debt Is Not Lowered
(DBN)

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China:

China's Factory Output, Sales Weaken
(DBN)

China data signals economy may need urgent policy action --- July exports undershoot forecasts by big margin
(DBN)

Bankruptcy rumors swirl around major shipbuilder
(DBN)

People Are Shocked By The Lengths China Will Go To To Win At The Olympics
(DBN)

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Denmark:

Danish Banks Cornered Without Funds to Pay Subordinate Debt
(DBN)

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Copyright 2012