August 29, 2012

The Daily Bankruptcy News

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Law:

Nationwide Layoff and No-Offer Watch: In Defense of Winston & Strawn --- Winston & Strawn: Could be cold fall in New York
(DBN)

Pepper Hamilton, Latham, Debevoise, Weil: Business of Law
(DBN)

Baker Collects Record Annual Revenue of $2.3B, Keeps Its Position as Top-Grossing Law Firm --- Baker & McKenzie Retains Global Top Spot With Record Revenues
(DBN)

Who Is the Biggest Biglaw Behemoth?
(DBN)

Even law firms hit hard by recession - "I am still shocked that I did everything right and find myself on the brink of destitution"
(DBN)

Top Del. Court OKs Record $300M Attorney Fee Award; Objector Said It Pays Counsel $35K Per Hour --- Delaware High Court Green-lights One Of History's Most Massive Legal Fees
(DBN)

Merger Madness: Pepper Hamilton Picks Up Freeh, Sporkin & Sullivan
(DBN)

Kasowitz Names New Bankruptcy Partner, Daniel Fliman --- Bio
(DBN)

Biglaw Lady Issues (Part 2)– Selling to Lady Lawyers
(DBN)

Best Law Schools for Bargain Hunters
(DBN)

Law School Offers An Application Discount If You Promise Not To Go To A Better School
(DBN)

Emory Refuses to Audit Law School Data Despite Undergrad Rankings Scandal
(DBN)

Law Student of the Day: UVA Kid Allegedly Uses Her Phone to Communicate With Cops
(DBN)

Law School Transparency: They write letters
(DBN)

Appeals court sides with Stanford against graduate
(DBN)

Classes convene at the country's newest law school
(DBN)

CFPB Appoints New Lineup of Lawyers to Key Positions
(DBN)

UK firm Addleshaws confirms 24 fee earner cuts as attrition remains low
(DBN)

Shareholder disagreement hands Freshfields & Simmons roles on Mouchel restructuring
(DBN)

From Child Star to Law Star: Meet Professor Charles Korsmo
(DBN)

"I will be checking my blackberry very infrequently" :)
(DBN)

Apple Juror Had First-Hand View of Silicon Valley Litigation --- Jury Foreman in $1B Apple-Samsung Case Himself Owns Patent for Smartphone-Related Apparatus --- How Apple Beat Samsung
(DBN)

MoFo and WilmerHale secure $1bn win for Apple in Samsung patent dispute
(DBN)

Proponents of $7.2 bln settlement claim law firm has 'conflict of interest'
(DBN)

To Allay Staff Fears After Devastating Earthquake, Law Firm Leaves New Structural Support Exposed
(DBN)

Unpaid Invoice Is Ethical Violation
(DBN)

DLA Piper sets sights on Paris merger
(DBN)

(Most)Law Firms & Facebook: Suffer from "curse of the ordinary"
(DBN)

Time and Billing Implementations Call for Trust, Skepticism
(DBN)

Ex-Client Sues Firm re ‘Massive Overbilling,’ Partner Says ‘Meritless’ Suit a Bill Dispute Tactic
(DBN)

Few Lawyers Report Being 'Very Satisfied' with Alternative Fees, Survey Finds
(DBN)

The Broken Law School Rankings
(DBN)

Laid-Off Legal Secretary Sees Age Bias in Job Search
(DBN)

This Gun Is Your Gun, This Gun Is My Gun: A 2L’s Quest To Make Printable Firearms
(DBN)

Prominent Investor Gets ‘Screwed’ By Ex-Wife’s Lawyering Skills
(DBN)

Ex-Worker Blames Marriage Issues for $400K Law Firm Theft, Says She Didn’t Know She’d Taken So Much
(DBN)

Federal Judge Nixes Smartphones for Fired Worker and Hubby Accused of Hacking Law Firm's Computer
(DBN)

Juror Who Went on Vacation During Deliberations Is Happy Her Next Stop Isn’t Jail
(DBN)

Newlywed Woman Pulled Into River and Drowned By Her Wedding Dress in Photo Shoot
(DBN)

Man Charged With Killing 70,000 Chickens
(DBN)

Couple face $4,000 fine for loud s--
(DBN)

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Judges:

Court: Custody-Battling Dad Threatened Judge In A Song
(DBN)

UN: No Plans to Invade Texas
(DBN)

California Supremes Overturn Death Sentence Based on Withheld Evidence; Prosecutor Is Now a Judge
(DBN)

Sovereign Citizen Couple Plead Guilty in Plot to Kill Federal Judge
(DBN)

6th Circuit Upholds Conviction for Threat to Judge in YouTube Song
(DBN)

Judge Who Cleared Courtroom Because of Man’s Bedbug Infestation Dishes on Facebook
(DBN)

Why Does the Connecticut Judiciary Have ‘E----- F-------’ on its Official Website?
(DBN)

New York Judge Censured After Accidental Discharge In Chambers
(DBN)

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Wall Street:

US stock index futures point to slightly lower start
(DBN)

Stocks end mixed on conflicting economic reports
(DBN)

NYSE Rules Dent Knight Capital's Market-Making Role --- Knight Capital Appoints TD Ameritrade CEO, Two Other Directors
(DBN)

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

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Layoffs:

Schnitzer Steel to lay off 300
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Food/Beverage:

The Next Bubble: Walnuts
(DBN)

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Pensions:

The Global Demise Of Pension Plans
(DBN)

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Energy:

US opposes Dynegy bankruptcy plan
(DBN)

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Economy:

Consumer Confidence in U.S. Declines by Most Since October --- Job worries blamed --- But Optimism Rising
(DBN)

America's Truckers Have Some Bad News About The US Economy
(DBN)

Economic Pros and Cons of Longer Life Spans
(DBN)

Peek Into a Fed Hawk’s Case Against QE3
(DBN)

Fed Says Credit Quality of Large Loans Improves for Third Year
(DBN)

America is Hurting, but Seniors Aren't
(DBN)

America's middle class is shrinking. So who is to blame?
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Homeownership rate hits 50-year low, report says
(DBN)

Home Prices in U.S. Cities Increased 0.5% in Year Ended June --- Home Prices Post First Gain in Two Years
(DBN)

Case-Shiller: Housing Soars Past Expectations, As Prices Officially Go Positive Vs. Last Year --- Case-Shiller, by Metro Area --- It's Not Just Case-Shiller: Almost Every House Price Index Everywhere Has Bottomed --- Why Home Prices Are Rising: The ‘Distressed Share’
(DBN)

Why The U.S. Housing Recovery May Be Due For A Stumble --- What Housing Recovery? Distressed Sales Still High, Shadow Inventory Massive
(DBN)

Bank REO down 18% from one year ago
(DBN)

CoreLogic: Foreclosures decline 16% in July
(DBN)

California enacts law to levy heavy fines for blight
(DBN)

HSH Nordbank sues Goldman Sachs, Morgan Stanley over MBS
(DBN)

As Home Prices Rise, Will Investors Step Back?
(DBN)

SEC Investigating ResCap for Possible Mortgage Fraud
(DBN)

Biggest Back-to-School Purchase: A New Home?
(DBN)

Homeowners Want Their Own Committee in ResCap Bankruptcy
(DBN)

Tulsa Club sale on hold after owner files for bankruptcy
(DBN)

The Cliffs emerges from bankruptcy
(DBN)

Does Florida Have A ‘Culture Of Delinquency’?
(DBN)

Rent Assignments in Bankruptcy: An Eleventh Circuit Analysis
(DBN)

Manhattan Townhouse Tops Asking Price by $7 Million
(DBN)

MBS Class Plaintiffs Ink $25 Million Deal with Citi
(DBN)

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Banking:

US Banks' Earnings Rise Again
(DBN)

FDIC: Bank profits decrease in second quarter
(DBN)

Libor’s Trillion-Dollar Question
(DBN)

Stress Tests for Midsize Banks Likely Delayed
(DBN)

Attorneys battle over Ed Lowery's bid to sue banks, exec
(DBN)

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Alternative Energy:

DOE questions Solyndra bankruptcy plan
(DBN)

Solyndra Bankruptcy Could Leave Two Investment Firms With Huge Tax Breaks --- Solyndra Exit Plan Should Disclose Tax Breaks, US Says --- Energy Department, IRS want more information on tax provisions of Solyndra bankruptcy plan
(DBN)

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Weather:

Drought Could Hurt Credit Ratings, S&P Says
(DBN)

U.S. Storm Damage

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Corporate Governance:

Facebook Is Setting Off Tons Of Corporate Governance Red Flags
(DBN)

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Telecoms:

FiberTower says an FCC licence cutoff would force liquidation
(DBN)

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Student Debt:

The Domino Effect of Student Debt
(DBN)

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Hollywood:

Inferno Distribution Files for Chapter 11 Bankruptcy
(DBN)

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Steel:

Steelworkers hire law firm that represented RG Steel in contract termination
(DBN)

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Brokers:

Peregrine Financial lawyer's planned pay rise draws objection
(DBN)

______________

Hotels:

One Fine Stay: The Rich Man's Airbnb
(DBN)

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Paper:

Catalyst Paper Names New Board in Preparation for Chapter 11 Exit
(DBN)

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Furniture:

Manufacturer Linwood Furniture reports loss for July
(DBN)

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Coal:

UMWA warns Patriot Coal bankruptcy threatens benefits of Peabody retirees
(DBN)

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Book Reviews:

Bayou's Sam Israel and his Ponzi Scheme
(DBN)

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Compensation:

Deutsche Bank's new clawback provision raises brows
(DBN)

Firms Said Losing Patience With Staff, New Comp Rules 'A Game Changer'
(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 (26 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)

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Miscellaneous:

Rochelle on Hawker Bonuses, MF Global, Tribune, Patriot: Audio
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Venue:

Patriot Coal Creditors Want Bankruptcy to Stay in N.Y.
(DBN)

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Automatic Stay:

Sixth Circuit Rules that Tortious Use of Property Is Not Protected by the Automatic Stay
(DBN)

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Bankruptcy Compensation:

ResCap exec bonus plan rejected by US judge
(DBN)

______________

UCC:

Security Interests in Proceeds of Collateral
(DBN)

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Litigation:

An Overview of Initial Disclosures
(DBN)

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Retailing:

Bridal Shop Says 'I Don't' in Chapter 7 Bankruptcy Liquidation
(DBN)

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Municipalities:

Penn. judge halts Harrisburg's incinerator debt payments
(DBN)

Jefferson County's money woes to close hospital --- Jefferson County asks bankruptcy judge to halt Birmingham's Cooper Green Mercy Hospital lawsuit
(DBN)

Central Falls, RI Could Exit Chapter 9 Next Week
(DBN)

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Bankruptcy Crimes:

Accountant convicted of hiding $700K during his bankruptcy case
(DBN)

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Personal Finance:

What It Feels Like To Be Absolutely Loaded By Age 25
(DBN)

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Gambling:

Morgan Stanley Buys $320 Million of Fontainebleau Debt
(DBN)

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Fraud:

ZeekRewards Facing Federal Class-Action Lawsuit
(DBN)

Receiver: Zeek investors could tally 2 million
(DBN)

Convicted Ponzi scheme operator ordered to pay $18M
(DBN)

Rajat Gupta, 63, Could Die in Prison
(DBN)

______________

Celebs:

Producer of New Brad Pitt Film Files for Bankruptcy
(DBN)

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Aviation:

US Airways: We haven’t decided whether to sign NDA with AMR
(DBN)

Prank Costs Airline a Lawsuit
(DBN)

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Health Care:

Shuttered Sheehan Health in New York Files for Chapter 11
(DBN)

Cooper Green Mercy to end inpatient and ER services
(DBN)

Recessions: Good for your health, bad for grandma’s
(DBN)

Lower Bucks Hospital being sold
(DBN)

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EU:

Mario Draghi Makes His Sales Pitch To Germany
(DBN)

German Central Bank Opposes Euro Strategy
(DBN)

Euro Approaches 8-Week High Versus Dollar as Merkel, Monti Meet
(DBN)

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PIIGS:

Spain's Catalonia asks Madrid for financial help --- Stoking Crisis --- A New Run On The Banks? Spaniards Pulling Cash Out At Record Rates --- Spanish Bonds Fall on Funding Concern Before Italy Sells Bills
(DBN)

Debt inspectors face dilemma over Portugal
(DBN)

Slow return of Greek bank deposits --- Greek governing coalition leaders debate new austerity measures needed to stave off bankruptcy
(DBN)

______________

Japan:

Japan Cuts Economic Outlook on Slowdown
(DBN)

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Germany:

German P+S Shipyards file for insolvency
(DBN)

______________

China:

Profits At China's Biggest Steelmaker Fall 53%, Worst Yet To Come
(DBN)

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MENA:

Dubai court approves Drydocks $2.2 bln debt plan
(DBN)

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Trinidad and Tobago:

Foley & Lardner of counsel helps Trinidad Cement restructure $310M in debt
(DBN)

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Copyright 2012