August 22, 2012

The Daily Bankruptcy News

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Law:

Warehouse Accident Complicates Howrey Wind-Down --- The Report
(DBN)

Sidley, Hunton & Williams, Latham: Business of Law
(DBN)

Jones Day, Wachtell, Davis Polk, Cleary: Business of Law
(DBN)

Dewey Docket Dump: $39.9 Million in Client Bills Collected So Far
(DBN)

Film Financier David Bergstein Awarded $49.5M By Jury In Lawsuit Against Ex-Counsel Over Involuntary Bankruptcies
(DBN)

Ex-Dewey partners agree to pay in more than $70m for settlement plan
(DBN)

Lowenstein Sandler Adds Gerald Bender as Partner in Bankruptcy and Restructuring Practice
(DBN)

Wannabe lawyers don't
(DBN)

After Judge's Order, Uncertainty in TD Bank Law Dept.
(DBN)

Greenberg Traurig: One firm's times of trial
(DBN)

Which Law Schools Received the Most Applications Last Year?
(DBN)

Law School Transparency: No comment necessary --- Smokescreen
(DBN)

Quote of the Day: If Law Students Took Data Into Account, We’d Be Living in a Different World
(DBN)

No Lawyer Left Behind
(DBN)

BigLaw versus SmallLaw – The Associate Conundrum
(DBN)

For many women, going in-house has benefits over firm, but it doesn't automatically mean a better work/life balance
(DBN)

Would You Bet Your Career on Your Law Firm’s Business Model?
(DBN)

Greenberg CEO Is Shocked at Hullabaloo over Capital Call --- Commendable Candor from Greenberg Traurig
(DBN)

3M Re-Files Suit Against Covington in State Court, Mooting Firm's Dismissal Bid
(DBN)

Biglaw Lady Issues – The Biglaw Timeline
(DBN)

Prominent Am Law Partners Join GOP Call for Akin to Quit Senate Race
(DBN)

Pro Bono 2012: Baby Steps
(DBN)

Law Firm Real Estate: Is Downtown the New Midtown?
(DBN)

California Assembly Supports Law License for Illegal Immigrant
(DBN)

Law Firm Finance: clients cash poor but asset rich?
(DBN)

12 Grooming Tips So You Don't Stink Up The Office
(DBN)

The Sensual Lawyer
(DBN)

Suit: Apple's Steve Jobs promised me job for life
(DBN)

Judge skeptical about graduates' claim that Brooklyn Law School committed fraud
(DBN)

Holmes tried to get help - lawyer
(DBN)

Freed After 12 Years, Aided by Mom’s Paralegal Work, Va. Man, Like State, Wants Real Murderer ID’d
(DBN)

Cop To File $10 Million Suit Against Guy Who Allegedly Ran Him Over In A Ferrari
(DBN)

Convicted Felon Battling Estranged Wife Over Daughter’s Fake B---- and B--- in Custody Battle
(DBN)

Say What?!
(DBN)

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Judges:

Better Know a Justice! A Supreme Court Cheat Sheet
(DBN)

2 Texas Lawyers Guilty of Contempt re Winning Defense of Client Judge, But Get No Fines or Jail Time
(DBN)

Shhh! Former Supreme Court Clerk Dishes on RBG’s Goofy Song Dance, CT’s Normality
(DBN)

Misdemeanor Offense of the Day: Judicial Cribs. Like, Baby Cribs, Not Lawyerly Lairs.
(DBN)

Work Starts on New $213M Fla. Courthouse; ‘Good Riddance’ re ‘Sick Building,’ Says Chief Judge
(DBN)

Judges Push for Release of Critical Report on Court Construction
(DBN)

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Wall Street:

Stock index futures signal slight falls
(DBN)

Shares slide on Japan data as Greek meetings loom
(DBN)

US Stocks Decline as Apple Slump Overshadows Europe Optimism
(DBN)

The Scariest Wall Street Movie Ever Will Star Marc Faber, Jim Grant, Peter Schiff, And More
(DBN)

One Banker's Hilarious Suggestions For Getting Through All-Nighters As An Analyst
(DBN)

10 Things You Need To Know Before The Opening Bell
(DBN)

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Layoffs:

Nevada, Arizona, Florida, And California Now Have The Hottest Job Markets In The Country
(DBN)

Gen Y most likely to hold low-paying jobs in retail
(DBN)

Most Underpaid Jobs in America
(DBN)

Older Workers Facing a Tougher Road
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Telecoms:

Bankruptcy trustee sues U.S. over company's bankruptcy --- Obama team sued for failure of Bush loan --- The Complaint
(DBN)

LightSquared Promotes Operating Chief Smith to CEO Position
(DBN)

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Aviation:

Pilots union responds to American's latest terms proposed to bankruptcy court
(DBN)

Pilots ask for a bunch of information from American Airlines
(DBN)

Glading: Now we need to work together to get rid of American Airlines management
(DBN)

Flight attendants at big bases, international bases were behind approval of American Airlines contract
(DBN)

Airline analysts say court should consider American merger with USAir
(DBN)

JetBlue’s Barger: We don’t want to merge
(DBN)

US Airways shares rise after JetBlue CEO comments
(DBN)

Northstar Obtains Extension of DIP Financing
(DBN)

Pilots increasingly forced to make emergency landings because of fuel shortages --- Air France asks passengers to "chip in for fuel"
(DBN)

Regional air carriers struggling
(DBN)

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Debt Collection:

Judge Throws Out FDCPA Lawsuit Over a Non-Voicemail
(DBN)

Real Confessions of Debt Collectors
(DBN)

Debt collection complaints rise
(DBN)

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Economy:

18.2 Percent of Americans Couldn't Afford Food
(DBN)

JPM's Michael Feroli Has A Crazy Idea To Fix The Economy
(DBN)

The People Most Likely To Live Paycheck To Paycheck
(DBN)

Best Explanation for Middle Class Decline
(DBN)

Independent Young Workers Favor Small Businesses
(DBN)

Friedman: America is Falling Behind
(DBN)

US Debt Clock
(DBN)

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Real Estate:

GOP Drops Preservation Of Mortgage Interest Tax Deduction From Party Platform
(DBN)

FHA 'concerned' with eminent domain proposal
(DBN)

Feds move to speed home " short sales "
(DBN)

15 Smart Tactics To Win A Real Estate Bidding War
(DBN)

Nagging shadow inventory keeps Florida housing rebound out-of-reach
(DBN)

FDIC files lawsuit tied to failed bank RMBS investments
(DBN)

Indicted Foreclosure Scam Fugitive Nabbed In Canada
(DBN)

Angelo? I Don't Know Any "Angelo"!
(DBN)

Do Your Research, Ezra Klein!
(DBN)

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Corporate Reform:

SEC approves $50,000 payout under new whistleblower program
(DBN)

Asian banks cut ties with U.S. institutions to avoid increased Dodd-Frank oversight
(DBN)

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Retailing:

Best Buy reports bleak profits --- Suspends profit outlook, share buybacks
(DBN)

Is Best Buy Heading for Bankruptcy ?
(DBN)

New Best Buy CEO Defends Career Move: 'I'm Not Suicidal'
(DBN)

Best Buy shares extend losses on earnings report
(DBN)

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Apparel:

Mark Shale clothier files for bankruptcy
(DBN)

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Fraud:

Madoff Trustee Bills for $60 Million in Liquidation Work
(DBN)

Rothstein investors could get all their money back
(DBN)

Top Army General Is Accused Of Spending Hundreds Of Thousands On Personal Luxuries
(DBN)

Temporary receiver appointed for alleged Ponzi-scheme company --- ZeekRewards And Why Ponzi Schemes Will Never Go Away
(DBN)

Examining the Ponzi Scheme Through the Mind of the Con Artist
(DBN)

Northeast Ohio woman who led $60 million Ponzi scheme gets 9 years
(DBN)

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Student Debt:

CFPB and Department of Education seek bankruptcy relief for student loans issued by private lenders
(DBN)

Oops: CFPB reanalyzing data in private student loan report
(DBN)

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Banking:

Secret Libor Committee Clings to Anonymity Following Scandal --- The First Rule Of Libor Club Is You Do Not Talk About Libor Club --- Candidates to Replace Libor Are Lackluster --- LIBOR Setting Mechanics --- Details of LIBOR Reform Taking Shape --- Banks Use Libor Probe to Lobby for Consumer Account Fees
(DBN)

RBS Said to Be Probed by U.S. Regulators Over Iranian Sanctions
(DBN)

The Sad Story Of A Banker Watching His Boss Completely Flip Out
(DBN)

Vikram Pandit Not Feeling Sandy Weill’s Break-Up The Banks Call
(DBN)

Another risk officer in JPMorgan 'Whale' trade retains lawyer
(DBN)

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Municipalities:

Things are getting tense in the municipal bond market
(DBN)

Warren Buffett cuts $16 billion US municipal credit bet in half --- Buffett's Muni-Bond Move Raises a Red Flag
(DBN)

Meredith Whitney’s Muni Prediction Gets No Boost From Fed
(DBN)

MMA: Fear Not the Muni Market, General Obligation Bonds Still Safe
(DBN)

Bank misled city , economist says
(DBN)

Exodus hits PD hard
(DBN)

6 U.S. Cities That Fell Off the Fiscal Cliff—and Survived
(DBN)

Detroit Continues To Maintain Horseshoer Despite The Absence of Horses
(DBN)

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Labor:

Hostess Court Dismisses Motion to Reject Expired Collective Bargaining Agreements Under Bankruptcy Code Section 1113
(DBN)

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Religion:

Judge Rules for Vatican in Suit Seeking Damages for Priest Molestation
(DBN)

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Steel:

Union lawyer seeks tardy entry into Sparrows bankruptcy case
(DBN)

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Gambling:

Unshuffled Cards at Casino Lead to Huge Winnings -- and a Flurry of Lawsuits
(DBN)

Poker Found a Game of Skill Not Covered by U.S. Gambling Act
(DBN)

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Hedge Funds:

Hedge Funds, Grimacing, Open the Kimono
(DBN)

Man down as hedge fund's credit rating nears junk status
(DBN)

______________

Autos:

National Auto Loan Delinquency Rate Hits New Record Low
(DBN)

Profits in GMAC Bailout to Benefit Financiers, Not US
(DBN)

CAW: Workers Should Share in Success
(DBN)

______________

Pensions:

Retirees group chairman opposes Fund receivership
(DBN)

PBGC to assume SP Newsprint pension plans
(DBN)

_____________

Shipping:

Torm says survival depends on debt talks
(DBN)

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

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (18 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)

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Bankruptcy Statistics:

Small Business Bankruptcies Shrink For Fourth Straight Quarter
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Avoidance Actions:

Fifth Circuit Addresses Bankruptcy Safe Harbor Protection for Commodity Requirements Contracts
(DBN)

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Professional Fees:

Fee enhancement limits don't extend to bankruptcy, Fifth Circuit rules
(DBN)

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Distressed Investing:

Court Questions Sale of Distressed Assets Tied to Proceeds From Litigation, Champerty Suggested
(DBN)

Darla Moore, New Augusta Member, ‘Transforms Things’
(DBN - NY Times - Paywall Limit Possible)

______________

Valuation:

Who Captures the Upside? Third Circuit Considers Valuation of Collateral Expected to Generate Cashflow in Excess of Secured Claims
(DBN)

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Turnarounds:

3 Critical Elements for Turning Around a Distressed Company
(DBN)

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Default:

Real Cost of Default is Higher Than You Might Think According to Research at Stanford Business School
(DBN)

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Litigation:

Junk Settlements and Improving Incentives in Class Action Litigation
(DBN)

Apple-Samsung Jurors Have 600 Questions to Answer Before Reaching Verdict
(DBN)

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Credit/Debit Cards:

Zywicki's Interchange Settlement Balderdash
(DBN)

Consumer credit default index down in July for 7th straight month
(DBN)

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Sports:

Abandoned venues from the 2004 Athens Olympics
(DBN)

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Native Americans:

Letter: Lac Courte Oreilles Tribe is near bankruptcy
(DBN)

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Health Care:

Medical costs, not poor savings habits, most often lead to bankruptcy
(DBN)

Restaurant chains have managed to combine quality control, cost control, and innovation. Can health care?
(DBN)

Rationing Health Care More Fairly
(DBN - NY Times - Paywall Limit Possible)

______________

Tax:

Ex-Credit Suisse Client, 83, Admits Hiding $5.7 Million From Tax Collector
(DBN)

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Oil/Gas:

ATP Wins Approval for Credit Suisse Bankruptcy Financing --- Preliminary Approval Granted
(DBN)

S&P cuts ATP Oil & Gas ratings to 'D'
(DBN)

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Brokers:

Lawyer: Son of CEO not a target in brokerage fraud
(DBN)

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Mining:

World's Biggest Miner Announces Steep Profit Fall And Halt To Huge Investment Project
(DBN)

______________

UK:

Data undermine UK debt reduction plan
(DBN)

Government borrowing spikes as tax receipts slump
(DBN)

UK banks face scandal over toxic insurance products
(DBN)

Insolvency Rates Rocket in UK Coastal Areas
(DBN)

Britain's borrowing soars as reeling Osborne plots 'radical' spending cuts
(DBN)

Increasing numbers committing mortgage fraud by lying about their finances as lenders get tough
(DBN)

UK taxpayers face £1bn bill if stricken Greece leaves the euro
(DBN)

______________

EU:

Merkel's Dilemma: Euro Zone or Her Government
(DBN)

Moral Hazard? Better Than No Euro
(DBN)

______________

PIIGS:

The Greek Dilemma: Three Thorny Paths to Saving the Euro--- Greek premier wants more time for reforms --- The Ultimate Risk of Giving Greece More Time --- Eurozone Chief Juncker Snubs Tsipras
(DBN)

ie: Judge puts stay on Sean McCann bankruptcy case
(DBN)

SocGen: Italy Looks 'Perilously Close' To Getting Shut Out Of The Bond Markets
(DBN)

______________

Australia:

For directors and lenders in insolvency, for whom does the bell toll?
(DBN)

Are Rich Creditors Causing Building Bankruptcies ?
(DBN)

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Brazil:

Cruzeiro bondholders at odds with "unfair" buyback plan
(DBN)

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Belize:

Moody's changes Belize outlook to negative on missed coupon
(DBN)

______________

China:

China Is Mass Producing 'Zombie Companies'
(DBN)

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Copyright 2012