August 27, 2012

The Daily Bankruptcy News

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Law:

Job Crisis Among Law School Graduates
(DBN)

$5,000-an-hour lawyers
(DBN)

Dewey's Former Pro Bono Clients Feel Strain of Firm's Closure
(DBN)

Shearman & Sterling, Cleary, Merrill: Business of Law
(DBN)

Quinn Emanuel, MoFo, Wachtell, Sidley: Business of Law
(DBN)

How a Lawyer Exploited the Fine Print and Found Himself Facing Federal Charges --- Are You Worth More Dead Than Alive?
(DBN)

The 10 Lobbying Firms That Rake In The Most Money
(DBN)

Mayer Brown departures continue with insolvency partner defection to Cadwalader
(DBN)

Check, Please: Experts Say Apple, Samsung Face Sky-High Legal Fees, $500 million?
(DBN)

Washington State Legal Community Braces for Huge Turnover in Lawyer Population
(DBN)

John H. Ray III: Defamation, invasion of privacy added to complaint against Ropes & Gray --- Ex-associate broadens bias complaint against Ropes & Gray
(DBN)

More legal heavyweights are making the big switch
(DBN)

More and More Women are Becoming BigLaw Equity Partners --- The mommy track
(DBN)

Pregnant and on the Hunt for a New Job. Seriously?
(DBN)

Minority GC Rates Hit All-Time High
(DBN)

The Marvelous Mania of In-House M&A
(DBN)

Law School Transparency: JD not needed
(DBN)

Millennial Law Students/Associates: Generation on-hold, not lost
(DBN)

Law Professor Says One Of Romney's Tax-Avoidance Schemes Is Illegal
(DBN)

The So-Called ‘Best Value’ Law Schools of 2012 — Which Actually May Not Have the ‘Best Value’ At All
(DBN)

Bait and Switch? - Law School Tuition!
(DBN)

Law School Promotional Materials Not Worth the Expense – Study
(DBN)

Ethics 20/20 Rule Changes Approved by ABA Delegates With Little Opposition
(DBN)

English regulator predicts high profile ABS 'failure'
(DBN)

Speakers Try to Cabin Slippery Concept of Lawyers’ Fiduciary Obligation to Clients
(DBN)

5th Circuit: Fee Enhancement Limits Don't Extend to Bankruptcy
(DBN)

Ways To Deal With Your Crazy Boss
(DBN)

Why Gmail Should Add A ‘I Didn’t Mean to Send That’ Emergency Recall Button
(DBN)

Ex-bankruptcy Lawyer Opens Superhero-themed Karaoke Bar
(DBN)

Midsize, and loving it
(DBN)

Debt Collection Law Firm Sues Santa Clara and Clinical Law Prof for UPL, Seeks Fees Disgorgement
(DBN)

Fla. Prosecutor Agrees to Step Down for Using Crime Databases to Spy on Political Opponent, Others
(DBN)

Texas Lawyer, Known for Indigent Defense, Indicted on Charges of Theft, Forging Judges’ Signatures
(DBN)

Juror Seeks to Shield Facebook Trial Postings
(DBN)

More Fun Than A Barrel Full Of Monkeys
(DBN)

Drunk driver pees on breath test equipment
(DBN)

17 Beheaded For Dancing And Playing Music At A Party
(DBN)

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Judges:

Quote of the Day: In Other News, Detroit Still Sucks
(DBN)

Judge lends bankruptcy experience to Stockton
(DBN)

Ex-Judge of the Day: Hey Baby, Wanna See What’s Under These Robes?
(DBN)

No Civil War Coming to Texas After All
(DBN)

Posner: The famed judge’s remarkable new ideas about taxation, regulation, and the constitution
(DBN)

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Wall Street:

Futures Show Muted Open for US Stocks
(DBN)

Stocks Rise After Bernanke Sees 'Scope for Further Action' --- A word from Bernanke turns stocks around
(DBN)

Bond redemptions put spotlight on structured notes
(DBN)

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Layoffs:

Laid-Off US Workers Are Taking Huge Pay Cuts At Their New Jobs
(DBN)

The US Job Market Is Just Awful For College Graduates
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

The wrong side absolutely must not win :)
(DBN)

The 15 Richest Members Of Congress
(DBN)

Bronx Assemblywoman Naomi Rivera’s brother Rodney lied in bankruptcy filing?
(DBN)

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Education:

Morris Brown College Files for Bankruptcy --- First Day Declaration --- Petition --- Video
(DBN)

Lon Morris suspends fall semester
(DBN)

The Government Is Selling You A Lie About College Education
(DBN)

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Coal:

Patriot bankruptcy case heating up
(DBN)

Frasure Creek Coal says bankruptcy not in company's plans
(DBN)

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Fraud:

$463,000 wanted for Scott Rothstein discovery violations
(DBN)

Ex-Cyclist Landis Avoids Prosecution, Admits To Defrauding Donors To Legal Fund
(DBN)

Rothstein bankruptcy creditors OK $32 million hedge funds settlement
(DBN)

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Celebs:

The Broke and the Beautiful: Barely There Edition
(DBN)

The Broke and the Beautiful: Ex-Red Sox Player Schilling Blasts R.I. Gov. Lincoln Chafee
(DBN)

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Pensions:

When a 401(k)Is Locked in the Freezer
(DBN)

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Hotels:

$1 million deposit buys time for owner of Sheraton in Fort Worth
(DBN)

Plan for Prince Charles hotel revival stumbled
(DBN)

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Telecoms:

Court Approves Broadview DIP Facility With CIT Group
(DBN)

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Economy:

Underlying Weakness in Durable-Goods Report
(DBN)

CBO Warns Of Recession But Says Ending High-Income Tax Cuts Could Save Almost $1 Trillion
(DBN)

Goin’ off a cliff --- New Yorkers hurtling toward steep fall off fiscal cliff
(DBN)

Household income down 4.8 percent since “economic recovery” began
(DBN)

The 'Real' Durable Goods Report Reveals A Huge Collapse In American Incomes
(DBN)

Why the Gold Standard Is the World's Worst Economic Idea, in 2 Charts --- Republicans tease with gold standard, but idea seen full of bugs
(DBN)

America's Cheapest Generation
(DBN)

Legendary CEOs, Enjoying Nantucket, Call for Higher Taxes, Business/Government Cooperation
(DBN)

BofA: Economy is in Eye of the Storm
(DBN)

Mitt Romney says big business is doing fine. He’s right.
(DBN)

US Rail Traffic is Still Expanding
(DBN)

The US Garbage Indicator Is Telling Us Q3 GDP Stinks
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Senators press for tax relief on principal reductions, short sales
(DBN)

Studies find home prices and crime rates not greatly impacted by foreclosures
(DBN)

Freddie delinquency rate down to lowest level in nearly 3 years
(DBN)

Cramdown and the Cost of Mortgage Credit
(DBN)

Foreclosure-rental bonds come to market without ratings
(DBN)

Fannie and Freddie Should Not Be Resurrected
(DBN)

Hearing on sale of Naval Station Ingleside postponed
(DBN)

What's in Mitt's secret housing plan?
(DBN)

ResCap asks court for more time to file bankruptcy plan
(DBN)

Metro Atlanta 2nd worst in underwater homeowners
(DBN)

12 Cities Where Homeowners Are Deep Underwater
(DBN)

American Houses Are Still Much, Much Bigger Than They Used To Be
(DBN)

Homebuilding Revival Sparks Rush for Best California Land
(DBN)

___________

Autos:

GM Said to Hold Initial Talks With Banks to Expand Credit
(DBN)

New Car Sales Aren't Slowing Down
(DBN)

GM's Opel May Fire 30% of Workforce
(DBN)

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Aviation:

AMR asks for OK on collective bargaining with TWU, APFA
(DBN)

American Eagle mechanics, bag handlers split on concessions
(DBN)

American Airlines flight attendants can begin applying for ‘early-out’ program Monday --- Mechanics reject contract deal with airline
(DBN)

Bankruptcy judge nixes plan for $5.3 million in bonuses for 8 top Hawker Beechcraft executives --- Hawker Beechcraft considers amending nixed executive pay plan
(DBN)

Hawker Beechcraft machinists overwhelming accept changes to pension plan --- Opinion
(DBN)

Airlines: You can't wear that
(DBN)

Airline Woes Chip Away Passenger Choices
(DBN)

Isaac's flight woes: 900 cancellations and counting
(DBN)

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Corporate Reform:

No Crime, No Punishment --- Why No Prosecutions
(DBN)

______________

Turnarounds:

Hewlett-Packard's Meg Whitman: Has her turnaround strategy failed already?
(DBN)

______________

Tax:

One Of The Largest Swiss Banks Just Confirmed Client Data Was Stolen --- Swiss bank employee arrested in data theft case
(DBN)

A Clue Emerges to Romney’s Gift-Tax Mystery
(DBN)

______________

Personal Finance:

Use These 6 Free Apps To Save Money When You're Out Shopping
(DBN)

Kids average $15 a week in allowance
(DBN)

______________

Photography:

Kodak ditches pictures to get out of bankruptcy
(DBN)

Kodak's desktop inkjet business up in the air
(DBN)

Kettering operations key to Kodak's future
(DBN)

Kodak patent auction now set to wrap up by Aug. 31
(DBN)

_____________

Media:

Tribune Co. creditors seek to have appeal bond dropped
(DBN)

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Derivatives:

The Second Circuit holds that a CDO investor was a third-party beneficiary of the CDO’s portfolio management agreement
(DBN)

______________

Accounting:

KPMG travails indicative of wider malaise --- Leader: KPMG's cuts set out harsh truth about profits
(DBN)

______________

Hockey:

What Avoiding Bankruptcy Means for the Devils
(DBN)

______________

Student Debt:

Durbin Pushing for New Student Loan Bill
(DBN)

______________

Debt Collection:

Brooklyn judge wipes out ‘millions’ in credit card debt
(DBN)

Whataburger Files ‘Very Unusual’ Suit, Says Debt Collector Made Harassing Calls to Employee at Work
(DBN)

Faces of Debt: Beware “the College Loan Repo Man”
(DBN)

Supreme Court Case Could Curb Debt Collection Lawsuits
(DBN)

How Governments, Companies are Jailing Poor People to Make a Buck
(DBN)

______________

Corporate Governance:

Forum-Selection Provisions in Delaware
(DBN)

______________

Credit/Debit Cards:

Architects of $7 Billion Credit Card Deal Strike Out at Constantine Cannon, as Big Retailers Defect
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (22 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:

Rochelle on Hawker, Madoff, US Airways-AMR: Audio
(DBN)

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Bankruptcy Statistics:

Denver area 5th for small-business bankruptcies
(DBN)

Mapping bankruptcy declines
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Due Process:

2nd Circuit: Class members deserve notice, even in no-money deals
(DBN)

______________

Litigation:

Arthur Miller on the Rise of Premature Termination
(DBN)

______________

Banking:

HSBC in Settlement Talks With U.S. Over Money Laundering
(DBN)

______________

Municipalities:

San Bernardino To Residents: Thanks For Sharing, But Get Lost
(DBN)

Stockton, After the Bankruptcy
(DBN)

Jefferson County 2013 budget includes $15 million in bankruptcy legal fees
(DBN)

Why The Hero Of Harrisburg Couldn't Save The City
(DBN)

Municipal insolvency experts weigh in on emergency manager law issue
(DBN)

Pennsylvania Pays Pension Penalty as Bond Costs Climb
(DBN)

Pa. Turnpike Now $7 Billion in the Red
(DBN)

Cities creating the most jobs
(DBN)

Is a higher muniland default rate Congress' fault?
(DBN)

______________

Radio:

Carlisle radio station files for Chapter 11 bankruptcy protection
(DBN)

______________

Food/Beverage:

Hostess vote is close call: CEO --- Rayburn: Hostess faces difficult painful path
(DBN)

USDA sanctions several produce companies
(DBN)

______________

Alternative Energy:

Retroactive Tariffs Roil U.S. Firms
(DBN)

______________

Mass Torts:

Eleventh Circuit provides a measure of stability in global mass tort settlements
(DBN)

______________

Compensation:

Deutsche Bank turns screw on bonuses
(DBN)

______________

Defaults:

S&P 2012 Global Corporate Default Tally Rises to 53
(DBN)

______________

Private Equity:

Bain-owned firm to file for bankruptcy protection
(DBN)

Mitt Romney writes of positive experiences, lessons from Bain Capital
(DBN)

______________

Soccer:

More debt than goals in European football
(DBN)

Rangers: Going Down With Heads Held High
(DBN)

______________

UK:

Private firms ask to bid to run struggling hospital trust
(DBN)

Mouchel calls in administrators, rescue plan rejected
(DBN)

______________

EU:

Merkel Wants An EU Political Integration Pact
(DBN)

German Central Banker Sees Danger in Euro Rescue Plan
(DBN)

______________

PIIGS:

German Finance Minister rejects more time for Greek reforms again --- Greece not lost, say Merkel and Hollande --- Merkel refuses Greece more time on bailout --- France: Greece Must Stay in Euro --- French Leader Hails Greeks for 'Painful Efforts' in Crisis --- The 'Showdown Over Greece' will be October 18-19 --- Europe drawn back to its first problem: Greece
(DBN)

Irish Banks Shut Out of Market as Sovereign Returns
(DBN)

How Bad Things Are In Italy
(DBN)

______________

Canada:

Canada Is Walking Right Into A Subprime Mortgage Crisis
(DBN)

Ottawa school bankruptcy highlights confusion, conflict in fragmented world of Montessori
(DBN)

______________

Netherlands:

Proposal to apply collective settlement of mass claims to bankruptcy situations
(DBN)

______________

MENA:

Creditors take Arcapita case to public prosecution
(DBN)

______________

Belize:

Creditors dig in for battle of Belize
(DBN)

______________

Cyprus:

Central Bank commissions Alvarez & Marsal to investigate two banks in Cyprus
(DBN)

______________

Japan:

Willing Wrinkled Workers Help Defuse Pension Time Bomb in Japan
(DBN)

Company town at the Sharp end of Japan's decline
(DBN)

_____________

China:

China's export hub hit hard by global economic slowdown
(DBN)

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Copyright 2012