August 17, 2012

The Daily Bankruptcy News

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Law:

Most Highly Regarded Firms: Insolvency & Restructuring 2012 --- Roundtable: Insolvency & Restructuring 2012 --- Research Trends and Conclusions: Insolvency & Restructuring 2012
(DBN)

Former Dewey Partners to Return Millions --- Partners agree to pay at least $50 million in settlement --- Ex-Dewey Partners Agree to 'Clawback' --- Nearing Deadline, Dewey Advisers Say $90.4 Million Settlement Plan Has Hit Key Goal --- Proposed Individual Payments Between $5K and $3.5M --- Dewey Have Data on How Much Partners Got Paid? Yes — Thanks to the Partner Contribution Plan --- Dewey tweaks partner settlement plan again --- Dewey avoids Chapter 7 bankruptcy after agreeing $50m settlement --- Though Responses Lag, Dewey Advisers See Settlement Proposal Succeeding --- Nearing Deadline, Dewey Advisers Say $90.4 Million Settlement Plan Has Hit Key Goal --- Infographic: The timeline of Dewey's downfall
(DBN)

Citi Midyear Report Sees Signs of Trouble Ahead for Firms
(DBN)

Swiss Bank Lawyers, Jackson Lewis, Perkins Coie: Business of Law
(DBN)

Covington chief breaks silence on 'outrageous' 3M conflicts suit
(DBN)

Bankruptcy lawyer who trashed judge, others should be suspended, panel says
(DBN)

Plaintiffs' lawyers to receive all the cash in Moody's derivative settlement
(DBN)

Why Sometimes It’s ‘Sensible’ for US Courts to Consider Foreign Law
(DBN)

Lawyer Reinvents Self in Bad Economy
(DBN)

‘Aggressive’ Associate Wanted, Albeit One With Extremely Low Expectations
(DBN)

Coup at Ashfords: CEO steps down six months after re-election
(DBN)

St. Louis: Law firm seeks bankruptcy protection
(DBN)

Clarification to TD Bank Story
(DBN)

In-House: Analyzing ‘Black-Box’ Compensation
(DBN)

From Biglaw to Boutique: Stay Hungry, Not Desperate
(DBN)

Start listening to your client
(DBN)

Underserved middle class could sustain underemployed law graduates
(DBN)

Legal Aid Providers Expected to Lay Off 350 Lawyers, Scale Back Services
(DBN)

Reassessing and Redesigning Your Legal Technology Career
(DBN)

K&L Gates Confirms Merger Talks with Aussie Firm Middletons
(DBN)

More Than Good Grades and LSAT Score Needed to Win Law School Admission, Says US News
(DBN)

Couple to Pursue Harvard Law Degree Together
(DBN)

For out-of-state law schools, NY's pro bono rule rankles --- New York’s New Pro Bono Requirement Succeeds in Pissing Off Law Schools Nationwide
(DBN)

Law School Transparency: Biglaw and BigEd --- They write letters
(DBN)

Lawyer Accused of Girlfriend’s Murder Slams Her and Makes Excuses for Himself in Facebook Post
(DBN)

Lawyers Using Social Media More, Says ABA Tech Survey
(DBN)

Kickstarting the Marketing Journey: What Associates Need To Know to Be Successful
(DBN)

Career Alternatives: Rattlesnake Venom Extractor
(DBN)

New Jersey Attorney Accused of Extorting Cash and Jewels From Lawyer She Was Having an Affair With
(DBN)

'Soccer Mom Madam' trial set for October
(DBN)

Alabama Man Gets 624-Year Sentence
(DBN)

Superheroes of the Legal Profession: Captain 56
(DBN)

Things That Exist, Vol. 6: Mobile DNA Testing Trucks
(DBN)

Beauty College Accused of Incompetence
(DBN)

Florida Police Arrest Worst Son In The World
(DBN)

Reggie the Poodle Assists Vulnerable Witnesses in Court
(DBN)

Do not tattoo your pony, court tells man
(DBN)

Man admits exposing himself to women buying sausages
(DBN)

Drunk Driver Makes History, And Lives To Tell
(DBN)

Family downs 100 cans of bear beer after breaking into Norway cabin
(DBN)

Women sue surgeon after she puts photos of their b------ on the Web
(DBN)

Lawyer sentenced to 20 years for health care, tax fraud
(DBN)

Say What?!
(DBN)

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Judges:

Petition for discipline filed against Rebekah Nett, called bankruptcy judge a "Catholic Knight witch hunter" (among other things)
(DBN)

An Interview with the Honorable Elizabeth Stong
(DBN)

Four Justices Are Now Over The Age Of 74
(DBN)

Benchslap of the Day: Are You On Crack?
(DBN)

Federal judges' pay fight may reach the high court once again
(DBN)

Administrative judges' with inadequate oversight unconstitutional
(DBN)

2 Federal Judges Work with Ex-Cons in Chicago Re-Entry Program
(DBN)

5th Circuit Upholds Conviction of Lawyer, Two Judges in Miss. Corruption Case
(DBN)

Fed’l Court Clerk Accused of Selling Confidential Info to Suspects
(DBN)

Is Paul Ceglia a Glutton for Benchslaps?
(DBN)

As Usual, Justice Scalia Provokes Most Courtroom Laughter in Supreme Court's Latest Term
(DBN)

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Wall Street:

Stock futures flat ahead of confidence data
(DBN)

U.S. stocks slip after Philly Fed
(DBN)

How You Make A Come Back On Wall Street — The Michael Milken Story
(DBN)

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Layoffs:

New Jersey Jobless Rate Increases to 35-Year High of 9.8%
(DBN)

Jobless claims rise slightly
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Sears second-quarter loss narrows, sales keep falling
(DBN)

Syms Gets OK to Sell Miami Property for $4.4 Million
(DBN)

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Hockey:

New Jersey Devils Won't Be Pushed Into Bankruptcy
(DBN)

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Electricity:

Energy Future Holdings debt issue could prepare for bankruptcy filing
(DBN)

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Pensions:

Faris formally dismisses Fund's bankruptcy case --- Stop Fitial from ransacking Fund, retirees ask US court --- CPA to assist in resolving Fund crisis
(DBN)

Ill. teacher pensions heading for bankruptcy
(DBN)

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Food/Beverage:

Buyer pays $13M for closed Cambridge City Indiana food plant
(DBN)

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Economy:

US Unemployment Aid Applications up by Only 2,000
(DBN)

Why the NY Fed's Empire State Survey Still Matters
(DBN)

Morgan Stanley: 'The Global Economy Has Sunk Deeper Into The Twilight Zone'
(DBN)

Philly Fed: Manufacturing Continues To Contract In The Region
(DBN)

The 10 best and worst states for credit conditions
(DBN)

How Would the Paul Ryan Budget Plan Impact Corporate America?
(DBN)

US Debt Clock
(DBN)

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Real Estate:

US mortgages rates rose over past week
(DBN)

US home construction dips, but signs point up --- July housing starts beat year-ago levels but decline from June
(DBN)

Shadow Inventory: How Low New Construction Helps the Outlook
(DBN)

These 7 Cities Are Renters' Markets
(DBN)

Suit Claims Hundreds Of Homeowners Were Tricked Into Paying $90 Million For Worthless Land
(DBN)

Judge Grants Subpoena Power to ResCap Examiner
(DBN)

ResCap wins court OK to pay $10.8 mln in incentive payouts
(DBN)

Ariz. AG sues two mortgage modification companies
(DBN)

Judge rules Assured Guaranty can move forward with UBS suit
(DBN)

Skadden Knocks Out Repurchase Claims in Bond Insurer's Suit Against UBS
(DBN)

Distressed commercial properties declining
(DBN)

Two Downtown Pittsburgh buildings face shaky fiscal future
(DBN)

____________

Brokers:

John Corzine is considering starting his own hedge fund
(DBN)

Corzine's MF Global Mess Not Getting Any Cleaner
(DBN)

Criminal charges unlikely for MF Global execs
(DBN)

After MF Global, a Need to Find New Ways to Protect Customers
(DBN)

MF Global Sued Over Mercuria Energy Loan in Bankruptcy Court
(DBN)

Peregrine regulator tightens scrutiny of customer accounts
(DBN)

Bank Client-Fund Data May Be Opened to Regulators
(DBN)

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Celebs:

How Much The Biggest Celebrities In Hollywood Are Worth
(DBN)

______________

Fraud:

BofA pays to settle in Shapiro Ponzi scheme
(DBN)

College Football Hall of Famer Accused of Running a Ponzi Scheme
(DBN)

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Autos:

Saab's Griffin Logo Not Included In Bankruptcy Sale
(DBN)

______________

Photography:

Kodak Asks Bankruptcy Court to Bless New Deal With Movie Studios
(DBN)

______________

Steel:

Future of RG Steel in Warren still unknown
(DBN)

Delaware Judge Approves Esmark's Bid for Yorkville RG Steel Plant
(DBN)

______________

Defaults:

S&P: default pace remained steady through 2Q 2012
(DBN)

______________

Tax:

Bankruptcy PLR with NOL preservation result
(DBN)

Are Swiss Banks Trading Employees for Leniency?
(DBN)

______________

Banking:

To Forestall Seizure, Some Banks Turn to Bankruptcy
(DBN)

StanChart saga exposes U.S. regulatory mess --- Standard Chartered Fine Spotlights New Regulator on the Block --- Standard Chartered Fought the Lawsky and the Lawsky Won
(DBN)

Swiss banks turning over thousands of employee names to U.S. authorities
(DBN)

This Chart Shows How Quickly European Banks Fled The US
(DBN)

Judge Approves IPO for Arcapita Bank's Warehouse Assets
(DBN)

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Distressed Investing:

Acquiring Distressed and Bankrupt Concerns
(DBN)

______________

Corporate Governance:

Executive Risks: A Boardroom Guide
(DBN)

______________

Alternative Energy:

Solyndra Flap Finally Claims a Politician
(DBN)

______________

Religion:

OneUnited Bank president Teri Williams testifies that bank tried to work out loans with Charles Street AME church - Business Updates - Breaking news in local business
(DBN)

The Catholic church in America
(DBN)

Collared: “Father Angel” Arrested After Reportedly Chasing A 12-Year-Old Boy Down Street In His Underwear
(DBN)

______________

Health Care:

Massachusetts' distressed hospital fund excludes for-profits
(DBN)

KV Pharmaceutical postpones annual meeting
(DBN)

______________

Theater:

Willows Theatre Company filing for bankruptcy
(DBN)

______________

Equipment Rental:

Ahern Rentals fights for its life
(DBN)

______________

Gambling:

Jerry's Nugget remains in play
(DBN)

______________

Bankruptcy Crimes:

Mississippi Attorney Pleads Guilty to One Count of Bankruptcy Fraud
(DBN)

Recognizing Bankruptcy Fraud and Using Experts to Deal With It
(DBN)

______________

Coal:

S&P rates Patriot Coal's DIP facility 'BB-'
(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 (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (57 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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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Unexpired Leases:

Terminator II — Second Circuit Revisits the Distinction Between Terminated and Expired Leases Under Section 365(d)(3)
(DBN)

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Safe Harbors:

Weathering the storm: they said what they meant: 5th Circuit declines invitation to add requirements to safe harbor for forward contracts
(DBN)

MBS Management Services, Inc. Revisited (Again): Do Retail Electricity Agreements Constitute Forward Contracts?
(DBN)

______________

Bankruptcy Rules:

Bankruptcy Court for the Western District of Michigan Adopts New Local Rules
(DBN)

Bankruptcy Rules To Be Subject of Hearing
(DBN)

______________

Insurance:

NFL sues dozens of insurers over player injury claims
(DBN)

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Litigation:

Irritated Judge Chides Apple Lawyer for Witness List, Makes ‘Smoking Crack’ Comment --- Koh Snaps at Lawyers in Apple-Samsung Trial
(DBN)

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Aviation:

American Airline flight attendants rattled by judge's ruling on pilot contracts --- Union tries clear up any confusion regarding the bankruptcy court’s ruling on the pilots’ contract --- Sensitive negotiations loom
(DBN)

Union says new contract better than alternative for flight attendants
(DBN)

American pilots decision largely favours airline --- American setback on pilots contract seen as temporary
(DBN)

American Airlines Creditors Seek Role in Retiree Lawsuit
(DBN)

Transport Workers Union president calls for stop to “unacceptable and reckless” behavior by some in its ranks at American Airlines
(DBN)

American Airlines’ creditors’ committee issues new statement regarding union equity stakes and claims under Section 1113 of the U.S. Bankruptcy Code
(DBN)

Modern Aviation: United Airlines lost a ten-year-old girl, didn't care, refused to help
(DBN)

Federal agency corrects seven-year-old mistake and gives small raises to thousands of United Airlines retirees
(DBN)

Hawker Pushes For Full Vetting Of T-6 Royalties Dispute
(DBN)

Inspection ordered into Kingfisher's account books
(DBN)

______________

Municipalities:

San Bernardino Firefighters May Resist City Bankruptcy
(DBN)

San Bernardino may slow bankruptcy timeline at request of creditors
(DBN)

Scranton recovery plan details
(DBN)

How Safe is the Muni Bond Market?
(DBN)

Municipal Governments: Default Rates Higher Than Thought --- Bond Expert Explains Why The NY Fed's Report On Muni Bond Defaults Is Way Off --- Are muni defaults 36 times higher than believed?
(DBN)

Municipal Default Rates Still Low
(DBN)

PA declares Chester Upland schools ' distressed '
(DBN)

City Of Lawrence Could Face Bankruptcy
(DBN)

The Muni-Bond Technical Tango
(DBN)

Richard Riordan, L.A. business leaders threaten to put pension reform on the ballot
(DBN)

Michigan court blocks pay cut for Detroit police
(DBN)

California Turns Its Residents Against Each Other Through 'CHEATERS' Program
(DBN)

______________

Weather:

500 Million Tons Of Shipping May Grind To A Halt If The Mississippi River Keeps Getting Lower
(DBN)

Hawaii ranches struggle under 8 years of drought conditions
(DBN)

______________

UK:

City law firm locked out of offices amid landlord dispute
(DBN)

Pensions authorities attacked on a 'sad day for British manufacturing'
(DBN)

KPMG administrators appointed to Dawson International
(DBN)

Taxman releases tax most wanted list
(DBN)

Portsmouth buyers blame administrators for collapsed deal
(DBN)

______________

EU:

Mr. Market Seeks His Next Fix
(DBN)

In The 1970s They Saw It Coming
(DBN)

Euro Reaches 6-Week High Versus Yen as Merkel Shows ECB Support
(DBN)

______________

PIIGS:

Spiegel: Only Bankruptcy Can Help Greece Now --- Greek bonds give bank opportunity it is loath to use
(DBN)

Portuguese bonds still price in second bailout
(DBN)

Spain banks' bad loans hit record high in June
(DBN)

______________

France:

“Lex Petroplus” – New Safeguard Measures in Reorganization Proceedings Under French Insolvency Law
(DBN)

______________

Australia:

Westpac, 18 Other Lenders Must Pay Bell Liquidators More Than $2 Billion
(DBN)

Bankruptcy: case of how many tricks you know
(DBN)

Current Trends in Insolvency in Australia
(DBN)

______________

Latin America:

S&P: Latin American, Caribbean defaults rose in July
(DBN)

______________

China:

China's Non-Performing Loans Have Started Rising Again
(DBN)

Hong Kong bankruptcy petitions down 7.42 pct in July, up 8.37 pct y/y
(DBN)

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Copyright 2012