August 2, 2012

The Daily Bankruptcy News

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Law:

Dewey Know How Much Firm Managers Received as LeBoeuf Was Being Cooked? --- Dewey bonus plan passes muster --- Dewey U.K. May Be Liquidated as German Arm Placed in Insolvency
(DBN)

McDermott, Davis Polk, Kirkland, Weil: Business of Law
(DBN)

Judge weighs 'unfinished business' claims in Thelen case
(DBN)

Judge sanctions ex-Robbins Geller attorney for inflated fees
(DBN)

Get Out of My Hair! - What drives working women crazy?
(DBN)

Four Names Emerge as Contenders to Succeed Orrick CEO Baxter
(DBN)

What Was The Best Biglaw Summer Associate Event Of 2012?
(DBN)

Infographic on Lawyer Glut, Outsourcing, Other Happy Topics
(DBN)

Auctions Gain Favor Among Companies Seeking to Hire Counsel
(DBN)

Herbert Smith hires six-partner team for high stakes US launch --- Poaches Chadbourne team ahead of New York launch
(DBN)

Morgan Lewis Lawyer Wins Texas Senate Primary --- Gay-Hating Conspiracy Theorist?
(DBN)

Freshfields appoints restructuring lawyer as London finance head
(DBN)

Interviewing Challenges
(DBN)

New Lawyers Should Forget About Palatial Offices
(DBN)

NC regulators hire Lehman examiner, law firm to probe Duke Energy
(DBN)

Top Maine Court OKs $25K Verrill Dana ‘Crisis’ Receivership Fee re Well-Known Lawyer’s Disappearance
(DBN)

Study Finds Lawyer ‘Diversity Micro-Climates’; Which Law Firms Do Best?
(DBN)

Court approves attorneys' fees under bad faith exception to American rule
(DBN)

ABA to Consider Accreditation of Foreign Law Schools
(DBN)

Law School Transparency: The absurdity of law reviews --- When law school hurts
(DBN)

$280,000 is a Lot of Money to You?
(DBN)

A prediction about the law teaching job market for 2012-13
(DBN)

Law Prof Outlines Four Things Baby Boomers Should Never Say to Millennials
(DBN)

Today’s Law Students Shun Human Interaction, Choose Convenience over Self-Denial, Prof Says
(DBN)

Disciplinary Charges Involve Geneva Steel Bankruptcy Fraud
(DBN)

No Emotional Distress for a Pet’s Death
(DBN)

Judge’s Daughter, Martha Stewart’s Friend Miss the Cut at Insider Trial
(DBN)

Witness Calls Arpaio's Sweeps 'Like Something Out of the Taliban'
(DBN)

"Breaking Bad" - Will Walt et al. copy Snickers caper?
(DBN)

Say What?!
(DBN)

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Judges:

Judge won't step aside in lawsuit against alma mater
(DBN)

NY Judge Does Own Spoliation Research, Axes Tort Case Due to Plaintiff’s Elective Spinal Surgery
(DBN)

Justice Sotomayor joins Yankees Bleacher Creatures
(DBN)

Circuit Reassigns Case, Citing Judge's 'Dismissive Attitude'
(DBN)

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Wall Street:

Stock index futures signal firmer open
(DBN)

Stocks drop after Fed says it is still in wait-and-see mode
(DBN)

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Layoffs:

Private sector adds 163,000 jobs in July
(DBN)

Economists had expected a July increase of 120,000 private-sector jobs.
(DBN)

How All The Good Jobs Disappeared
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Agriculture:

Drought-Disaster Declaration Widened to Cover Half US Counties
(DBN)

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Telecoms:

LightSquared Lenders Want Documents From Harbinger, Falcone
(DBN)

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Municipalities:

San Bernardino files for bankruptcy --- Over $1 billion in debts
(DBN)

Bankrupt Jefferson County says deadline request should be denied
(DBN)

Police Chief's $204000 Pension Shows How Cities Courted Ruin
(DBN)

Assured Guaranty Faces $100 Million Loss From Stockton --- Assured says Stockton bankruptcy plan unfair, favors Calpers
(DBN)

Amid bankruptcy , Stockton cops find empty gas pumps
(DBN)

Why US State Muni Bonds Haven't Blown Up Like European Sovereign Bonds
(DBN)

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Steel:

Steel Plants Are Sold, RG Steel Deal Awaits Approval
(DBN)

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Paper:

Court Approves Bidding Procedures, DIP Increase for SP Newsprint
(DBN)

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Debt Collection:

Report: Chicago mayor tried to help debt collector sued in Minnesota
(DBN)

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Defaults:

Default Rate Climbs to 2.8% on US High-Yield Debt, S&P Says
(DBN)

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Politics:

Sarah Palin: Elizabeth Warren Is A Marxist
(DBN)

Fox Attacks Sen. Candidate Elizabeth Warren , Gets Everything Wrong
(DBN)

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Credit/Debit Cards:

How Chase Ripped Off Its Own Credit Card Customers
(DBN)

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Private Equity:

Fewer Deals and Exits, But PE’s Mountain of Capital Grows
(DBN)

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Mail:

USPS Defaults On $5.5 Billion Payment To Treasury --- As Default Looms, Postal Service Sees Deeper Woes
(DBN)

Postal Service default won't stop the mail
(DBN)

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Economy:

Fed says economy weaker, but leaves policy on hold --- Stands pat as outlook deteriorates --- Signals More Steps to Spur Economy Amid Slower Growth --- Holds Off on New Steps --- Parsing the Fed: How the Statement Changed --- The Fed May Have Included An Old Greenspan-Era Code In Its Announcement --- Who’s Who at the Fed?
(DBN)

Six-week stimulus watch for Bernanke and Fed
(DBN)

US manufacturing activity declines again in July
(DBN)

Troubling Signals in ISM as New Orders Contract
(DBN)

World-Wide Factory Activity, by Country
(DBN)

The Difference Between Obama And Mitt Romney's Tax Plans In Three Charts
(DBN)

Goldman presents the 50 stocks that hedge funds are shorting like crazy
(DBN)

NACM: 'Problems Besetting Economy Have Not Abated'
(DBN)

Treasury Plans Floating Rate Notes, Looks at Negative Rate Bids
(DBN)

Neil Barofsky Gave Us The Best Explanation For Washington's Dysfunction We've Ever Heard
(DBN)

Why Nordic Countries Are More Competitive Than Everyone Else
(DBN)

How The Poor, The Middle Class And The Rich Spend Their Money
(DBN)

A New Study Shows How Mitt Romney's Plan Raises Taxes For The Middle Class, While Only Cutting Them For The Rich
(DBN)

Maps Of Extreme Income Segregation In US Cities
(DBN)

US Debt Clock
(DBN)

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Real Estate:

US construction spending rose 0.4 percent in June
(DBN)

Ally Posts Second-Quarter Loss on Costs of ResCap Bankruptcy
(DBN)

Did DeMarco Make the Right Call on Home Loans?
(DBN)

Geithner Vows to Press for Writedowns for Underwater Home Loans
(DBN)

Home Vacancies Fall in Cities Hardest-Hit by Foreclosures
(DBN)

Treasury can bypass Congress to get Senator Merkley's housing plan started
(DBN)

Are MBS class actions a bust? And is that good for banks?
(DBN)

Berkshire Benefits as Buffett Wagers on US Housing
(DBN)

Gordon Law Firm: Consumer Financial Protection Bureau goes after it
(DBN)

Nesbitt Portland Property Files for Bankruptcy in California
(DBN)

Paradise Ranch remains mired in bankruptcy proceedings
(DBN)

No Idea . . . Until Honey Started Dripping From The Ceiling
(DBN)

Colorado Man Still Can't Get The Squatters Out Of His Home
(DBN)

Fitch: Low recovery rates for US second-lien debt in default
(DBN)

____________

Autos:

Mitt Romney ad focuses on fallout of GM, Chrysler bankruptcies
(DBN)

US Auto Sales in July at Low End of Estimates; Ford, GM Slip
(DBN)

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Lehman:

Lesson from Lehman Brothers for Hedge Fund Managers: The Effect of a Bankruptcy Filing on the Value of the Debtor's Derivative Book
(DBN)

______________

Brokers:

MF Global Claims Trade Higher as Customers Hope for 100% Payback
(DBN)

MF Customers Ask: When Will We See the Money?
(DBN)

Peregrine Probed by Labor Department, Trustee Says
(DBN)

Peregrine clients sue Wasendorf for 'theft' of more than $200 mln
(DBN)

Peregrine Financial: Four Common Methods of Camouflaging Fraud
(DBN)

Baucus Takes Regulators to Task after More Farmers Fall Victim to MF Global-Type Scandal
(DBN)

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Wine:

Santa Barbara's Alma Rosa Winery Files for Bankruptcy
(DBN)

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Aviation:

Horton: Bankruptcy case likely will extend into 2013
(DBN)

Horton: Consideration of mergers or acquisitions shouldn’t take very long
(DBN)

APFA vice president endorses American Airlines’ last, best and final offer to flight attendants
(DBN)

Horton: We’re not going to say what we’ll do if unions turn down proposed contracts
(DBN)

American Airlines passenger service agents object to law firm’s hiring
(DBN)

US Airlines Likely To See Slowing Demand
(DBN)

Attorneys seek $1.7M from Hawker Beechcraft
(DBN)

______________

Health Care:

Court Approves Sale of Bankrupt Medical Park Hospital to IASIS
(DBN)

Ark. hospital gets new owner, name
(DBN)

How Technology is Helping Doctors Stave Off Bankruptcy
(DBN)

______________

Alternative Energy:

Most of bankrupt Energy Conversion Devices assets sold; court confirms liquidation plan
(DBN)

______________

Corporate Reform:

Congressmen grill consumer-protection watchdog chief
(DBN)

Loser Citi lawsuit sends SEC back to drawing board
(DBN)

Futures regulators warned
(DBN)

______________

Banking:

LIBOR - Insider Trading on a Massive Scale --- Behind the Scenes of the Libor Scandal --- Another Libor-Scandal Antitrust Lawsuit Filed, This One on Behalf of Derivatives Investors
(DBN)

No Big Boy Pants for Banks That Whine Over Rules
(DBN)

______________

IP:

Bankruptcy judge lets Kodak sell key patent --- Kodak Wins Partial Victory
(DBN)

______________

Sports:

Here's What Happens To Olympic Sports Venues After The Games
(DBN)

______________

Shipping:

Blackstone-Owned Shipper's Bid for Loan Guarantee Denied
(DBN)

______________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (38 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)

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Bankruptcy Statistics:

NW OH bankruptcy cases down 18%
(DBN)

Central Florida bankruptcies hit lowest mid-year mark since 2008
(DBN)

NY: Capital Region bankruptcy filings drop to lowest level since 2008
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Jurisdiction:

A Scatological Analysis of Bankruptcy Court Jurisdiction and Authority After Stern v. Marshall
(DBN)

______________

Religion:

OneUnited allowed to depose Bain exec in church bankruptcy
(DBN)

Chief Apostle Bishop Corletta Vaughn Still Liable For Ministry Payroll Taxes
(DBN)

______________

Turnarounds:

Breakwater Equity Partners Adds Five New Hires to Growing Team
(DBN)

______________

Litigation:

John Quinn Defends His Personal Honor As Apple v. Samsung Trial Gets Crazier
(DBN)

Samsung Defends Move To Share Inadmissible Evidence With Media
(DBN)

Apple Says It Will Seek Sanctions Over Samsung Statement
(DBN)

Apple, Samsung Lawyers Spar in 'Tech Trial of the Century'
(DBN)

In Apple-Samsung trial, it's John Quinn v. Judge Koh
(DBN)

ABA E-Discovery Expert Says Emerging Standards Are Premature
(DBN)

Challenges of Conducting E-Discovery on Ephemeral Data
(DBN)

______________

Celebs:

Former NFL star arrested
(DBN)

Debtor objects to boxer's $61M claim
(DBN)

______________

Education:

Most California for-profit colleges lose state grants
(DBN)

______________

Fraud:

Madoff trustee seeks to block $410 mln Merkin accord --- A $410 Million 'Turf Battle' --- The Trustee Trying To Claw Back Money For Madoff's Victims Is Trying To Block Money Manager's Deal With New York --- Madoff maneuvers
(DBN)

Motey Says He Passed Doug Whitman Marvell Sales Figures
(DBN)

______________

Music:

Warner and Sony settle $50m bankruptcy claims with Beyond Oblivion
(DBN)

______________

Retailing:

Daffy's, Discount Retail Chain, Files for Bankruptcy Protection
(DBN)

Abercrombie & Fitch Gives Huge Profit Warning
(DBN)

______________

Sovereigns:

Austerity Has Been An Epic Fail
(DBN)

______________

UK:

BoE Leaves Policy on Hold as Economy Worsens
(DBN)

An unholy mix-up: Church handed £67,000 in a will is facing bankruptcy after bungling solicitors realize it was meant to go to a different church with the same name
(DBN)

UK consults on winding down non-bank finance firms
(DBN)

High Court protects insolvency practitioners
(DBN)

Study: UK has nearly 150k 'zombie businesses'
(DBN)

______________

EU:

Showdown Looms for ECB, Germans
(DBN)

The Biggest Reason To Be Worried About Today's ECB Meeting
(DBN)

SocGen's Client Survey Shows That 69% Expect The ECB To Disappoint
(DBN)

The IMF as Monty Python’s Rome
(DBN)

Hopes Run High for Action From Europe's Central Bank
(DBN)

Draghi Risks Market Wrath as Pressure for ECB Action Grows
(DBN)

German Newspaper Bild Demands Mario Draghi Give Back A Prussian Spiked Helmet
(DBN)

______________

PIIGS:

Lagarde says IMF will stand by Greece, praises Spain
(DBN)

Recent changes to Italian bankruptcy law --- Italy vs. Germany - the Rematch
(DBN)

Greece on brink of bankruptcy as cash reserves 'near zero' --- Greek coalition partners agree on spending cuts --- Fitch: Greek mortgage performance deteriorates --- Morgan Stanley Allegedly Participated In Insider Trading In Greek Bank Merger
(DBN)

ie: One fifth of mortgages expected to default - Fitch
(DBN)

Spanish Bond Auction Goes Okay, But Borrowing Costs Are On The Rise
(DBN)

______________

Germany:

German state guarantees loan for Nuerburgring
(DBN)

______________

France:

French court leans toward Doux family, Barclays plan
(DBN)

______________

Australia:

Bankrupt solicitor could owe $23m in damages
(DBN)

______________

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Copyright 2012