August 20, 2012

The Daily Bankruptcy News

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Law:

Dewey advisers say £57m partner settlement plan has hit target --- Dewey & LeBoeuf partners committee wants oversight of clawback plan --- Former Dewey Partners to Return Millions
(DBN)

Firm Revenues, Wilson Sonsini, Goodwin Procter: Business of Law
(DBN)

Lawyers across US urged to give more free services
(DBN)

The 2012 Texas Go-To Guide Finalists
(DBN)

Former Government Lawyers Increasingly Shun BigLaw for Boutiques
(DBN)

Millennials: Will they reset law-firm organizational culture?
(DBN)

Law School Tuition Vastly Exceeding Inflation, Despite Lagging Applications
(DBN)

Tuition and Fees at Private Law Schools Break $40K Mark, on Average
(DBN)

Wachtell Finally Updates Dreadfully Boring Website
(DBN)

K&L Gates, Australia’s Middletons, in Advanced Merger Talks
(DBN)

After Losing 19 of 29 Lawyers, Firm Files for Bankruptcy Protection
(DBN)

Chicago Firm Wants Top-Tier Law Grad for $25K a Year
(DBN)

Legal sector shrewd by sticking with marketing mix
(DBN)

Should This Kid Take A Year Off From Law School?
(DBN)

Office Gossip — Good for You??
(DBN)

Modern Times Call for Modern Billing
(DBN)

To Teach or Not to Teach: Adjunct Work Can Come with a Hefty Price
(DBN)

Law School Transparency: News of the day
(DBN)

Texas Teacher on Trial for Allegedly Participating in a G--- B--- With Students
(DBN)

At Washington law offices, headcount keeps dropping
(DBN)

Am Law Firms Among GOP Veep Pick Paul Ryan's Top Campaign Contributors
(DBN)

Bankruptcy Trustee Seeks $3 Million Disgorgement
(DBN)

Judge Accepts Lawyer’s Argument That He Forgot Stealing Two Paintings
(DBN)

Lawsuit claims black grocery sacker violated customer’s rights
(DBN)

Say What?!
(DBN)

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Judges:

Sanberg is new bankruptcy judge
(DBN)

Law Professors Jump in Rakoff’s Corner
(DBN)

On Visits to Wounded Warriors, The Supreme Court Answers Back
(DBN)

Lawyers pay judges' travel costs
(DBN)

I made Clarence Thomas laugh
(DBN)

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Wall Street:

U.S. Stock Futures Edge Higher
(DBN)

Report on ECB bond plan helps shares
(DBN)

U.S. stocks edge higher ahead of data
(DBN)

S&P 500 Approaches 4-Year High as Apple Climbs to Record
(DBN)

Goldman decides that no one really wants "independent research" anymore
(DBN)

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Layoffs:

Jobless rates up in 44 states in July
(DBN)

Long Term Joblessness Worse Than Thought
(DBN)

Texas Jobless Rate Rises to 7.2%
(DBN)

College graduates actually gained jobs during the recession
(DBN)

Gallup: Underemployment Falling
(DBN)

Why the jobs recovery favors single workers
(DBN)

Ongoing Jobless Claims Plummet as Program Ends in 34 States
(DBN)

Who gets paid time off
(DBN)

Unemployment rates rise in US election swing states
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Pre-bankruptcy, San Bernardino offered lucrative pay rates to top managers --- An inside view of San Bernardino bankruptcy hearing --- Lawyers out in force for city’s first day in bankruptcy court --- San Bernardino Bankruptcy Judge Sets Oct. 24 Deadline
(DBN)

Bondholders, insurers challenge San Bernardino bankruptcy
(DBN)

California treasurer aims to help cities avoid bankruptcy
(DBN)

S&P downgrades Fresno, California credit rating three notches
(DBN)

More Calif. cities at risk of bankruptcy
(DBN)

California cities face credit downgrades
(DBN)

Is California the next Detroit?
(DBN)

California treasurer aims to help cities avoid bankruptcy
(DBN
)

More chance of municipal bankruptcies, bond defaults in Calif.
(DBN)

Even in bankruptcy , unions get special treatment
(DBN)

Johnstown marks a dubious milestone
(DBN)

Altoona, Harrisburg among distressed municipalities in Pa.
(DBN)

Pros, cons of city's reliance on Act 47
(DBN)

Bankruptcy no panacea for pension mess
(DBN)

Mayor: Pensions might bankrupt Titusville
(DBN)

Fiscal Cliff 2013 Will Bury Debt-Ridden U.S. Cities
(DBN)

America's 50 Best Cities
(DBN)

States With Highest Cost of Living
(DBN)

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

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Celebs:

The Broke and the Beautiful: Jim Donnan Edition
(DBN)

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Oil/Gas:

ATP Files Voluntary Petition for Chapter 11 Reorganization and Receives Commitment for $617.6 Million in DIP Financing; Oil and Gas Operations to Continue in the Ordinary Course --- CEO Blames Obama For Company's Collapse
(DBN)

Israeli Partner of ATP Still Examining Bankruptcy Implications
(DBN)

ATP blames moratorium for Chapter 11
(DBN)

Gulf of Mexico operator ATP files for bankruptcy
(DBN)

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Economy:

Leading indicators climb 0.4% in July
(DBN)

Consumer sentiment at three-month high in early August
(DBN)

Executives: Obama Better for World Economy
(DBN)

The Rich vs the Super-Rich, in 2 Charts
(DBN)

Millions of Americans Don’t Get Paid Vacations
(DBN)

Is the US Headed Toward Bankruptcy ?
(DBN)

The middle class tax that keeps on rising
(DBN)

The Romney campaign says you don't do stimulus in a Reinhart/Rogoff recession. Someone should tell Reinhart and Rogoff
(DBN)

The new American exceptionalism: paying far less taxes than almost any other industrialized nation
(DBN)

US Debt Clock
(DBN)

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Real Estate:

San Bernardino County residents push back against eminent domain
(DBN)

US tightens reins on Fannie Mae, Freddie Mac --- Treasury move to entrench Fannie, Freddie --- Bass Cuts Bait On 'Dead' Fannie and Freddie --- Fannie's and Freddie's Forgettable Friday
(DBN)

GSEs expected to unload delinquent loans after Treasury change
(DBN)

Washington Supreme Court: MERS cannot obtain foreclosure power without note
(DBN)

Trulia seeks IPO as housing market up
(DBN)

Consumer Regulator Backs Down on Mortgage Fees
(DBN)

CFPB proposes loan officer compensation rules
(DBN)

The CFPB: Problem Or Solution?
(DBN)

Moody’s, S&P Must Face Fraud Claims in Subprime Investor Suit
(DBN)

Housing’s Fortune Depends on Apartment Living
(DBN)

The Incredible Disappearing Home Inventory
(DBN)

Green Party's Stein Takes Aim At Banks And Foreclosure Process
(DBN)

'Sharpie Parties' Fuel Rampage on Foreclosed US Homes
(DBN)

____________

Fraud:

Insider trading language gets workout at NY trial
(DBN)

Goldman, Still Playing in Bayou's Mud
(DBN)

1st defendant to testify in NY attack on insider trading finds research ‘color’ not illegal
(DBN)

New York Seeks New Ruling on $410 Million Merkin Deal
(DBN)

SEC Shuts $600M Online Pyramid/ Ponzi Scheme
(DBN)

______________

Brokers:

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

Peregrine CEO pleads not guilty to lying to regulators
(DBN)

Russell Wasendorf Didn’t Mean “I have embezzled millions of dollars from Customer accounts at Peregrine Financial” In A Literal Sense
(DBN)

US Checking Deutsche Bank for Rogue Deals
(DBN)

______________

Banking:

Deutsche Bank Among Four Said to Be in US Iran Probe
(DBN)

Banks Under Scrutiny For Dealings With Rogue Nations
(DBN)

Barclays and Libor, the MPs’ report
(DBN)

Sheila Bair: It was the NY Fed that "bobbled the ball" in the LIBOR scandal
(DBN)

US Checking Deutsche Bank for Rogue Deals
(DBN)

Under Georgia Law, Business Judgment Rule Protects Bank's Directors and Officers --- In Georgia, The Business Judgment Rule Is Alive And Kicking
(DBN)

Treasury Launches Latest Tarp Auction; More Banks Bid on Themselves
(DBN)

CFPB Solicits Undercover Brothers (And Sisters)
(DBN)

Stan Chart settlement to spur new level of in-fighting among regulators, experts warn
(DBN)

______________

Aviation:

Flight attendants union: Court ruling 'devastating' for labor
(DBN)

AMR creditors urge air crew unions to reach consensual contracts
(DBN)

AMR Flight Attendants: Court Ruling Proves Value of Contract Deal
(DBN)

AMR submits retooled proposal to scrap pilots' contract
(DBN)

Flight attendants at American Airlines approve the company’s last contract offer, leaving only the pilots group without a ratified agreement
(DBN)

Could AMR Acquire US Airways in Bankruptcy?
(DBN)

Hawker Beechcraft asks bankruptcy court for more exclusivity
(DBN)

Hawker clarifies legal notice that confused employees, retirees
(DBN)

______________

Accounting:

Deloitte's 2012 revenues jump 11%
(DBN)

______________

Art:

Post Modern Bankruptcy
(DBN)

______________

Telecoms:

AT&T details tough negotiations with NextWave
(DBN)

LightSquared continues blowing through cash during bankruptcy
(DBN)

______________

Religion:

Diocese misses abuse -reporting deadline
(DBN)

______________

Shipping:

Marco Polo Seatrade Exits Chapter 11
(DBN)

______________

Pensions:

Calpers Defends Pension Benefits While Risking Losses
(DBN)

______________

Lehman:

Lehman Boosts Bankruptcy-Recovery Estimate
(DBN)

Lehman Says Officemax Deal Cuts Claims by $400 Million
(DBN)

______________

Mass Torts:

How Ken Feinberg 'bends the law'
(DBN)

______________

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 (41 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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:

Bankruptcy Filings Down 14 Percent Over 12-Month Period, AOUSC Reports
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

DIP Finance:

Barclays Dips Into Bankruptcy Lending Pool
(DBN)

______________

Jurisdiction:

Ninth Circuit BAP Holds that Stern v. Marshall does not Preclude Bankruptcy Courts from Entering Final Money Judgments in Non-Dischargeability Actions
(DBN)

______________

Executory Contracts:

Finding that Underlying Development Agreement was Terminated, Delaware Bankruptcy Court Disallows Claim for Rejection Damages
(DBN)

______________

Politics:

Elizabeth Warren's politics rooted in academia
(DBN)

Hart's Audi raises eyebrows amid bankruptcy
(DBN)

______________

Autos:

General Motors Bankruptcy Bailout—The Sequel? --- Chicken Little's Second GM Bankruptcy: The Gold Medal For Silly Op-Ed Pieces --- Bankruptcy Talk Is General Motors' Own Fault
(DBN)

GM Seen Planning Global Reorganization Against ‘Fiefdoms’
(DBN)

______________

Museums:

Wilder's slavery museum out of bankruptcy
(DBN)

______________

Native Americans:

Tribal Bankruptcy
(DBN)

______________

Debt Collection:

Aggressive debt collection tactics are drawing federal scrutiny
(DBN)

______________

Energy:

Bankruptcy: Dynegy files bidding procedures, confirmation set for Sept. 5
(DBN)

______________

Student Debt:

How the Great Recession Proved, Beyond a Doubt, the Value of a College Degree

______________

Media:

Unhappy creditors want Tribune plan put on hold
(DBN)

______________

Hotels:

5 ways to turn around distressed hotels
(DBN)

______________

UK:

Landlords want fairer insolvency rules as Travelodge restructures
(DBN)

Law firm trio advise as Travelodge agrees debt restructuring
(DBN)

British students flock to law courses despite hard job market
(DBN)

KPMG administrators appointed to Dawson International
(DBN)

UK Lawmakers Criticize Bank of England, Regulator in Libor Report
(DBN)

Invoice finance firms 'profit from company failures
(DBN)

Bob Diamond 'threatened stability of Barclays': regulators reject claims they pushed former bank boss out of job
(DBN)

We're all going bust beside the seaside: The decline of British seaside resorts
(DBN)

______________

EU:

Roubini: Delaying a Euro breakup would mean wasting trillions
(DBN)

ECB May Set Yield Limits on Euro Sovereign Bonds
(DBN)

Small states squabble over euro zone's future
(DBN)

If This Report Is True, The ECB Is Actually Getting Close To Firing Off The Bazooka
(DBN)

Australia's Banks Are Now Worth More Than Europe's
(DBN)

______________

PIIGS:

Spain's bad loan rate up to nearly 9.5 percent --- Spain Wants Details On The ECB's Bazooka Before It Asks For A Bailout --- De Guindos Says Bailout Fund to Manage Spain Bank Restructuring
(DBN)

Greece among EU’s top hubs for counterfeit goods --- Schaeuble Rules Out New Aid Plan for Greece, Cites ‘Limits’ --- Germany and Finland take tough line over Greek aid --- Greece will need to cut another 2.5 bln euros, says German magazine --- Sixteen suitors interested in public property assets --- Merkel Ally Says No More Concessions On Greek Bailout Terms --- Greece Close To Slashing Billions In Costs --- Seeking to finalize $15 bln spending cuts
(DBN)

Italy tax hunters target super-rich, yachts off Sardinia
(DBN)

Irish Bailout Masters Press for Rental Home Seizures
(DBN)

______________

Canada:

Diocese on track to meet abuse payment
(DBN)

______________

France:

Tax-soaked French bankers feeling London's lure
(DBN)

______________

India:

India auditor warns of losses on coal, airport deals
(DBN)

______________

Australia:

Banks face $2b payout after losing Bell case
(DBN)

______________

MENA:

Report: 'Muslim Brotherhood' starts crucifixions
(DBN)

______________

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Copyright 2012