August 3, 2012

The Daily Bankruptcy News

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Law:

Dewey paid top duo $1.1m bonuses on eve of collapse, filings show
(DBN)

John Quinn Faces Off with Federal Judge in Apple v. Samsung iPhone Case; Apple Seeks Severe Sanction --- Quinn chief defends conduct after Apple-Samsung trial contempt claim --- Judge gives John Quinn a kicking --- Samsung, Apple Even at Odds Over Where They Will Sit at Trial
(DBN)

Herbert Smith, Proskauer, Ropes & Gray: Business of Law
(DBN)

Husch Blackwell Raises Salaries for First-Year Associates
(DBN)

Summer Associate Offer Rates (2012)
(DBN)

Freshfields, CC and Linklaters lead London for best maternity packages
(DBN)

Eversheds mulls share scheme to give staff stakes in firm
(DBN)

Hogan Lovells to overhaul post-merger management team
(DBN)

G'Day Mates: A Look at the Top Law Firms in Australia
(DBN)

Layoff Watch: Fish & Richardson --- 14 staffers
(DBN)

Law school — still a dodgy investment, analysis suggests
(DBN)

Law School Transparency: So it has come to this
(DBN)

Rising 2L Runs Seminar on ‘How To Succeed In Law School’ After 1L Year At Thomas Jefferson Law School
(DBN)

Missing the point about out-of-control fees and expenses.
(DBN)

US says California should not let illegal immigrant be lawyer
(DBN)

Tears Flow at Screening of Film on Pro Bono Fight to Free Woman Convicted of Her Abuser’s Murder
(DBN)

Jury Pool Gossip Likely Will Cause a Year’s Delay in Murder Trial; Fla. Judge Dismisses All Members
(DBN)

Catholic Professor Calls On Hotel Chains to Remove Access to P--- from Rooms
(DBN)

Ex-associate may face jail for punching a clerk
(DBN)

Kansas Couple Arrested For Walmart Sex
(DBN)

Lawsuit Claims Casino Let Man Drink Himself to Death
(DBN)

Frisky Bull Makes Move On Man, Cop Car
(DBN)

The world's tidiest law firm
(DBN)

Mom Claims Cops Killed Son for Suspicion of Ducking Train Fare
(DBN)

Woman attempts to break into jail; demands to be arrested
(DBN)

$78,000 for a Few Lousy Dates ...
(DBN)

Bear Lawyer Fails to Perform
(DBN)

Say What?!
(DBN)

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Judges:

Bankruptcy Judge Vacancy - 2nd Cir.
(DBN)

Justice Scalia digs in against camera in court
(DBN)

Did Justice Scalia really call the ICC a kangaroo court?
(DBN)

Quote of the Day: Finally, Something Sotomayor and Scalia Can Agree Upon
(DBN)

Ginsburg, Verrilli and Arias of Agreement
(DBN)

Mich. Supreme Court Removes Judge Over Misappropriation of Funds, Other Misconduct
(DBN)

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Wall Street:

Stock index futures signal higher Wall Street open
(DBN)

Wall St drops on Draghi disappointment
(DBN)

Bankruptcy Or Buyout Imminent For Knight Capital Group --- Knight Capital 'has 48 hours' to save itself --- A $5 Billion Trade That Was Supposed To Happen Over 5 Weeks Is What Doomed Knight Capital --- Knight Has ‘All Hands on Deck’ After $440 Million Bug --- Knight Capital Faces Pressure to Find Investor After Loss --- SEC closely reviewing Knight Capital trading glitch
(DBN)
(DBN)

High Frequency Trading is Out of Control
(DBN)

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Layoffs:

Jobless Claims in US Climbed Less Than Forecast Last Week
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Abercrombie & Fitch falls out of fashion
(DBN)

JEMB Realty buying Daffy's out of bankruptcy --- Plans to sell leases, liquidate inventory --- More dirt on Daffy's
(DBN)

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Aviation:

AMR's CEO says he has considered a merger for years
(DBN)

Horton: We haven’t establish our executive compensation program yet, including any stock awards
(DBN)

American Airlines will have your bags delivered, for a price
(DBN)

Mexico wants Mexicana airline's conciliator replaced
(DBN)

Hawker Beechcraft laying off 170 at Little Rock
(DBN)

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Steel:

RG Steel finds buyers for some of its steel plants
(DBN)

RG's Wheeling assets sold at rock-bottom prices
(DBN)

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Telecoms:

AT&T to buy NextWave, holder of unused spectrum
(DBN)

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Debt Collection:

Appeals Court Overturns Judgment for Debt Collector in "In Care Of Employer" Letter Case --- The Opinion
(DBN)

______________

Politics:

The Star Of The Latest Mitt Romney 'You Didn't Build That' Ad Actually Gets A Lot Of Government Help
(DBN)

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Personal Finance:

Banker Worked As A Janitor At Night To Pay Off Debts
(DBN)

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Economy:

US factory orders fell 0.5 percent in June
(DBN)

U.S. jobless claims rise 8,000 to 365,000 --- Climbed Less Than Forecast Last Week
(DBN)

Why the Fed's Stimulus Didn't Work
(DBN)

Nearly 40% of Americans Live Paycheck to Paycheck
(DBN)

House Votes to Keep Bush Tax Cuts
(DBN)

US Cities Become More Segregated by Income
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Mortgage rates rise, ending record streak
(DBN)

Robert Shiller: Housing Bubbles Are Already Forming In Two US Cities
(DBN)

Objectors to $8.5 bln BofA pact denied more records
(DBN)

S&P comments on Ally Financial
(DBN)

Fitch: Second Lien Recovery Rates Lower in Default Scenarios
(DBN)

Trustee Objects to ResCap Bankruptcy -Bonus Plan
(DBN)

____________

Tax:

Identity Theft Risks $21 Billion in Fake Refunds, Study Says
(DBN)

______________

Agriculture:

Drought worsens in US farm states-climatologists
(DBN)

Drought may cost $20 billion in crop insurance
(DBN)

______________

Weather:

It's So Hot In Oklahoma That Street Lights Are Melting
(DBN)

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Alternative Energy:

Solyndra Report: Obama Admin. Restructured Loan Because of PR Concerns --- Budget Aide Warned Deal to Save Solyndra Could Cost U.S. More --- Solyndra scandal: Will it sting?
(DBN)

Obama admin. knew was cheaper to cut off Solyndra-Republicans
(DBN)

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Brokers:

Knight Capital 'At Risk of Bankruptcy ,' Analyst Says --- Knight Fighting for Survival As Several Big Clients Defect --- Teeters
(DBN)

CME, burned by MF Global, 'monitoring' Knight Capital
(DBN)

Peregrine CFTC Case Judge Declines to Hear Clients’ Suit
(DBN)

MF Global Trustees Differ Over Amount Customers Will be Repaid
(DBN)

______________

Resorts:

MGM Cash Flow Problems Create Bankruptcy Risk
(DBN)

Greek Peak files Chapter 11 bankruptcy
(DBN)

______________

Municipalities:

San Bernadino's bankruptcy won't be the last --- Attorney's action spurs San Bernardino's early bankruptcy filing
(DBN)

Stockton keeps paying CalPERS but reneges on bond obligation; move called 'unprecedented' --- Bond insurer blasts Stockton for favoring pensions over other debtors
(DBN)

The cost of Vallejo’s 2008 bankruptcy and what that means for California now
(DBN)

Cash-strapped California cities back off asking voters to hike taxes
(DBN)

Jefferson County: Court Rejects Expansive Carve Out of “Net Operating Expenses” From Special Revenue Bond Payments
(DBN)

Bondholders Take 17 Cents On Dollar Only In Chicago
(DBN)

How bloated public pensions sank California’s bankrupt cities
(DBN)

NY: Local Governments Face Fiscal Peril, State Comptroller Warns
(DBN)

Ousted Bell police chief wants severance pay
(DBN)

______________

Convenience Stores:

GPMI Bankruptcy Continues to Affect Getty Realty
(DBN)

______________

Fraud:

SEC says accused insider trader made 3 embarrassing Yahoo searches
(DBN)

Peregrine Fraud Case Worse Than Thought
(DBN)

______________

Celebs:

Canseco broke, he tells court
(DBN)

______________

Coal:

Judge prepared to approve bankruptcy loan of Patriot Coal
(DBN)

______________

Hotels:

Nesbitt hotels file $100M bankruptcy
(DBN)

______________

IP:

Judge: Apple snoozed on claiming Kodak patents
(DBN)

______________

Banking:

Former strategist sues UBS over pressure to bias his research
(DBN)

Cocaine Cowboys Know Best Places to Bank
(DBN)

Linklaters targets shadow banking in bid to bolster finance practice
(DBN)

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New Bankruptcy Opinions
(2 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 (12 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:

July bankruptcies in Hawaii fall 26%
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Professional Fees:

Washington Mutual 24/7 Legal Bills Are Business as Usual
(DBN)

______________

Bankruptcy Compensation:

Kodak retiree committee also challenging executive bonuses
(DBN)

______________

Tax:

Bankruptcy Court Holds No “Blue Light Specials” to Reduce Reorganized Debtor’s Income Tax Liability
(DBN)

______________

Insurance:

Liberating Coverage For Libor-Related Lawsuits And Investigations
(DBN)

MGIC Plunges as Insurer Breaches Capital Limit After Loss
(DBN)

Ambac: Rehabilitator Files Rules Governing Processing of Interim Cash Payments on Segregated Account Policy Claims
(DBN)

______________

Utilities:

Midwest Generation parent company eyes bankruptcy
(DBN)

Edison Mission Bonds Worth 54 Cents in Bankruptcy , JPMorgan Says
(DBN)

______________

Autos:

GM Quarterly Profit Falls 38% as Europe Woes Seen Lasting --- Plans Rapid Changes in Europe After Posting a Loss
(DBN)

More Bad News for Obama: A Slump at GM
(DBN)

______________

Student Debt:

Are College Kids Blowing Their Student Loan Money on Clothes and Beer?
(DBN)

______________

Corporate Governance:

Codifying the Correlation of Women Directors and Good Stock Performance
(DBN)

______________

Consultants:

FTI Consulting Q2 Profit Decreases - Quick Facts
(DBN)

Spain appoints Alvarez & Marsal to manage 'bad bank'
(DBN)

______________

Food/Beverage:

Founder, creditor battle for control of Mangia Pizza
(DBN)

______________

Corporate Reform:

Corporate Officials' Strict Liability Conviction Under the Responsible Corporate Officer Doctrine Can Have "Career-Ending" Consequences
(DBN)

______________

Turnarounds:

The First Cut Is The Deepest: Taking On The Most Painful Parts Of A Turnaround
(DBN)

_____________

Metals:

Benada files for Chapter 11 protection
(DBN)

______________

UK:

One in twelve UK companies are 'stuck in debt trap'
(DBN)

RBS Loss Widens As Bank Braces for Libor-Related Suits
(DBN)

Personal insolvencies at a four-year low
(DBN)

______________

EU:

Global stocks, euro tumble as ECB disappoints markets
(DBN)

Mario Draghi's Diabolical Spiral
(DBN)

European Firms Hit by Sharp Drop in New Orders
(DBN)

Euro, shares recover from ECB decision, jobs data awaited
(DBN)

______________

PIIGS:

Spain Is Basically Cut Off From The Debt Markets --- IAG Plans for Spain's Possible Euro Exit
(DBN)

Italy Declares Insult Illegal
(DBN)

Samaras hammers out deal for new austerity measures to keep bailout
(DBN)

______________

Canada:

Mergers & Acquisitions In A More Uncertain World: Using The Companies’ Creditors Arrangement Act
(DBN)

______________

India:

Largest Indian restructuring nears end
(DBN)

______________

Bulgaria:

Bankruptcy Looms for Bulgaria's Passenger Train Services
(DBN)

______________

Iceland:

Post-Crisis Iceland Is Test Site for Too-Big-to-Fail Prevention
(DBN)

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Copyright 2012