August 21, 2012

The Daily Bankruptcy News

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Law:

US Trustees at Odds with Reorganizing Companies and Lawyers Seeking Big Fees
(DBN)

Why BigLaw Didn’t Pay Spring Bonuses
(DBN)

In Praise of Partners’ Prudence: Why the Lack of Spring Bonuses May Have Been a Good Thing
(DBN)

‘Cravatheteria’ Rebounds — And Other Firm Cafeterias Clean Up Their Acts As Well
(DBN)

Greenberg Traurig: One Law Firm's Times of Trial --- Greenberg CEO Richard Rosenbaum Discusses Finances, Internal Controls and the Future
(DBN)

The Middle-Class Needs Lawyers. But Who Wants the Job?
(DBN)

Fear of Alternative Fees - GCs cling to the billable hour because it's familiar
(DBN)

When The Referral Source Is A One-Way Street
(DBN)

What Drives Partners Nuts?
(DBN)

Meet Sal Strazzullo, Lawyer After Dark
(DBN)

Wife turns against cyber-slammed lawyer ‘cad’
(DBN)

Compare & Contrast: High-End Digital Recorders
(DBN)

Best LinkedIn Groups for Attorneys and Legal Professionals (Part 2)
(DBN)

Is there tension between paralegal lifers and future lawyers?
(DBN)

Lights, camera, lawyer: Meeting potential clients through the Internet
(DBN)

The People v. Cap’n Crunch: Suing Big Food
(DBN)

A Guide for Surviving On-Campus Interviewing With Style
(DBN)

Dean of Thomas Cooley Law School Takes on Critics of Law Schools
(DBN)

Admissions Plummet At Cooley As Low-Hanging Fruit Matriculates Elsewhere
(DBN)

ABA Decides We Need a Rule to Stop Law Schools Lying About Jobs
(DBN)

Emory Admits To Falsifying Data In Rankings Reports For As Much As 10 Years
(DBN)

Law School Transparency: Market failure
(DBN)

Harvard, it's not
(DBN)

Fun (and Depressing)Fact of the Day: Two-Thirds of Americans Are Pretty Dumb
(DBN)

Eleven Year-Old Girl Arrested For Blasphemy, Could Face Death Penalty
(DBN)

13-year-old carjacker dies during police chase
(DBN)

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Judges:

Who makes a good arbitrator?
(DBN)

Justice Ginsburg came to Healdsburg for a special Barndiva wedding
(DBN)

Judge Faces Larceny Charge in Crib Sale on Craigslist
(DBN)

Accused of Providing Blank Arrest Warrants to Police, Georgia Magistrate Resigns
(DBN)

Pro Se Songwriting Plaintiff Missed Hearings, Irritated Judges and Won Her Case
(DBN)

Should State Bar Pay for Justices’ Meeting Travel? Law Prof Calls Practice ‘Horrific’
(DBN)

Quote of the Day: Dancing Judicial Queen
(DBN)

Obama Lags Behind Predecessors on Judicial Picks
(DBN)

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Wall Street:

Stock futures signal gains
(DBN)

Optimism on Greece, ECB, lifts shares, euro
(DBN)

U.S. Stocks Decline on Concern Over European Debt Crisis
(DBN)

Four Crazy Wall Street Party Stories From A Former Banker Relieved To Be Off The Street
(DBN)

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Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Mass Torts:

3rd Circuit ruling provides bankruptcy plans with broad preemption rights
(DBN)

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Aviation:

Horton addresses the American Airlines troops
(DBN)

Airline Legroom Becomes More Scarce
(DBN)

Regional airlines face closings, bankruptcy
(DBN)

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Retailing:

Best Buy names turnaround expert CEO; buyout talks halt
(DBN)

Court Approves Syms Sale of Miami Property
(DBN)

Ritz Camera, set for Sept. 6 auction, could cut 72 jobs
(DBN)

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Housewares:

Harper Brush retains firm to seek partners or sell property, business
(DBN)

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Metals:

Iron oxide recycler Bailey files for Ch. 11 bankruptcy
(DBN)

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Oil/Gas:

ATP Receives $617.6MM DIP Loan Commitment
(DBN)

Moody's cuts ATP Oil's PDR to D on chapter 11 filing
(DBN)

ATP Sees $1.3 Billion in Operations Receipts by 2014
(DBN)

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Finance:

The List of "Bad Boy" Recourse Liability Events Keeps Growing
(DBN)

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Credit Reporting:

Hey Dude, What’s Your E-score
(DBN)

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Hotels:

Singapore fund is $1.5 bln bidder for Paulson hotel group
(DBN)

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Student Debt:

Durbin To Students And Parents: Beware Dramatic Differences Between Student Loan Options
(DBN)

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Economy:

Treasury may accelerate TARP bank exits
(DBN)

NY Fed: Labor Market Damage Reversible
(DBN)

Rich Less Charitable Than Middle Class
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Bank of America Drops "Show Me The Note" Bankruptcy Trustee Case
(DBN)

Receivership Sales Can Be a Better Option for Lenders
(DBN)

Fannie and Freddie No Longer Have to Borrow from the Government to Pay the Government
(DBN)

How Eminent Domain Mortgage Plans Signal a Failure in Housing Policy
(DBN)

Obama's housing policies failed to fix the housing crisis, in part because they never really tried to fix the housing crisis
(DBN)

Obama to renew push for wider mortgage refinance plan
(DBN)

Mortgage Industry's Need for Speed Played Big Role in Crisis
(DBN)

Home improvement sector trails overall housing turnaround
(DBN)

New Jersey looks to speed foreclosures on abandoned homes
(DBN)

July's CREL CDO Delinquency Rate Down Slightly
(DBN)

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Fraud:

Calif. fund founder convicted of insider trading
(DBN)

Zeek affiliates ‘seek rewards' --- ZeekRewards And Why Ponzi Schemes Will Never Go Away
(DBN)

Attorney will pay $978K in Petters clawback case
(DBN)

Facebook IPO: The biggest Ponzi scheme in history?
(DBN)

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Municipalities:

U.S. muni market riled by Fed report on defaults
(DBN)

Bankruptcy no panacea for California pension mess
(DBN)

Bankruptcy plan filed in Rothstein Chapter 11
(DBN)

Fitch: U.S. Local Gov't Downgrades to Persist
(DBN)

Federal Reserve warns, Calif., other municipal bonds very risky
(DBN)

Game on in Stockton --- How bad pension accounting sunk Stockton
(DBN)

Harrisburg's incinerator debt is growing by $1 million a month as receiver, City Council head to court
(DBN)

Judge blocks part of plan by NY's Nassau County to cut $40 mln
(DBN)

Agencies expect more cities to go under
(DBN)

Buffett cancelled municipal debt bet 5 years early
(DBN)

States That Get the Most Federal Money
(DBN)

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Gas Stations:

Getty Petroleum Gets OK to Abandon Storage Tanks
(DBN)

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Student Debt:

Feds Are Garnishing Social Security Benefits From Retirees Who Can't Pay Back Student Loans
(DBN)

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Autos:

Paul Ryan and the Closing of GM Janesville
(DBN)

In Detroit, a tale of two CEOs
(DBN)

GM CEO: Don't Listen to Critics
(DBN)

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Celebs:

Evander Holyfield's Bankruptcy Forces Memorabilia Auction
(DBN)

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Art:

Solyndra glass tubes used as modern art
(DBN)

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IP:

Kodak patent sale heading for Aug. 30 end
(DBN)

Kodak Investor Asks U.S. Trustee to Probe Patent Bidding
(DBN)

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Rating Agencies:

Rating Agencies Must Face Fraud Claims for Toxic SIV Ratings --- “Structured By Cows”
(DBN)

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Corporate Reform:

Wall Street Leaderless in Rules Fight as Dimon Diminished
(DBN)

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Video Games:

After bankruptcy alternative, game-streaming company OnLive lives on
(DBN)

Financially troubled OnLive sheds employees as assets transfer to new firm
(DBN)

Game company OnLive reveals new details of restructuring
(DBN)

Schilling calls RI gov 'dunce of epic proportions'
(DBN)

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Orchestras:

Orchestras Fight Hard Times Through Bankruptcy Seeking New Model
(DBN)

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Credit Counseling:

Ex-Debt Doctors clients consider bankruptcy
(DBN)

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Politics:

Hart drives Audi, but only claimed old truck in bankruptcy filing
(DBN)

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Gambling:

Revel seeks additional credit from lenders --- AC’s hyped Revel casino is falling flat
(DBN)

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Default:

Fitch Identifies U.S. Issuers at Risk of Repeat Default & Key Default Drivers
(DBN)

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Tech:

Elpida to submit Micron restructuring plan
(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 (32 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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)

______________

Miscellaneous:

Paulson Resorts, ATP, Madoff, Slavery Museum
(DBN)

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Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

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Executory Contracts:

The Time Value of Rejection Damages
(DBN)

______________

Cross-Border:

Are SEC Equity Receiverships "Foreign Proceedings" Within The Meaning Of UNCITRAL’s Model Law On Cross-Border Insolvencies?
(DBN)

______________

Litigation:

Foretelling the end of money-for-nothing class actions --- I Don’t Think Class Action Settlement Means What You Think It Means
(DBN)

______________

Setoff:

Bank Had Prepetition Right To Setoff Even In Absence of Formal Demand Or Default
(DBN)

______________

Corporate Governance:

The Borders of Revlon Duties
(DBN)

______________

Debt Collection:

Payday lenders use courts to create modern debtors' prison --- Debtors Prison?
(DBN)

A look at aggressive credit card collection practices
(DBN)

______________

Pensions:

Airline’s post-bankruptcy money purchase plan did not illegally reduce benefits due to age
(DBN)

______________

Steel:

Money from McLouth Steel bankruptcy available for workers
(DBN)

For Sparrows Point workers, many questions, few answers
(DBN)

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Brokers:

US Brokerage Audits Riddled With Deficiencies, Watchdog Finds
(DBN)

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Food/Beverage:

Wage cuts in final Hostess offer
(DBN)

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Credit/Debit Cards:

Why So Few Mega-Credit Card Class Action Settlements?
(DBN)

______________

UK:

Landlords want fairer insolvency rules as Travelodge restructures
(DBN)

UK insolvency rates fall by 9.5 per cent, despite recession
(DBN)

Insolvencies ease up but construction still comes out worst
(DBN)

More automotive companies go insolvent in July
(DBN)

______________

EU:

Euro, stocks slip after ECB downplays bond report
(DBN)

Fitch Just Conducted A Massive Survey Of European Investors - Here's What They Found
(DBN)

European Central Bank Rejects Speculation About Its Bond-Buying Intentions
(DBN)

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PIIGS:

Euro Erases Loss as Greece Says It Will Meet Bailout Targets --- Greek Workers, Pensioners, Poor Face a Buzz Cut --- Germany tough on Greece ahead of visit --- Germany forcing Greece's day of reckoning --- German and Greek Officials Play Down Expectations --- A Greek Fund Manager Explains Why Greece Will Soon Be The Source Of 'Dramatic Headlines' --- Greek lesson encourages can pay, won't pay states --- Greek Economic Crisis Closing Stores, Ending Dreams
(DBN)

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France:

Embattled Peugeot faces boot from French CAC 40
(DBN)

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Germany:

German central bank warns country's financial health not a given
(DBN)

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Netherlands:

Dutch damned by homeowner debt
(DBN)

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Switzerland:

Swiss banks' share of economy to shrink -study
(DBN)

______________

Australia:

For Whom the Bell [Decision] Tolls…
(DBN)

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Brazil:

Cruzeiro bondholders left with "no choice" in buyback
(DBN)

______________

China:

China Rongsheng profit dives as new ship orders dry up
(DBN)

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Copyright 2012