August 30, 2012

The Daily Bankruptcy News

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Law:

Holland & Knight Agree to Settle for $25 Million in ‘Mini Madoff’ Suit
(DBN)

Dewey advisers make all-out push for court approval for partner settlement --- Pushes for court approval of $70m settlement deal --- The Motion
(DBN)

K&L Gates Appeals Revival of Le-Nature's Malpractice Suit
(DBN)

Their profession may be full of darkness and uncertainty, but midlevel associates at the nation's largest law firms are more content than they've been in years.
(DBN)

Simpson Thacher, DLA Piper, Chadbourne, Hogan: Business of Law
(DBN)

Peregrine General Counsel Up For $20,000 Raise During Bankruptcy
(DBN)

You Forgot to Swear In the Jury? No Prob
(DBN)

How Do You Know That You’re the Best?
(DBN)

Taking Time to Smell the Roses
(DBN)

In-House Jobs Not Always a Path to Work/Life Balance for Women
(DBN)

Five Less Heralded GOP Platform Planks That Impact Lawyers
(DBN)

Simpson Thacher Partner's Sex Abuse Claims Against Brooklyn Prep School Will Proceed
(DBN)

Out-of-Town Firms See Miami as International Gateway
(DBN)

Did Law Schools Turn These People Into Alcoholics After Only Two Days?
(DBN)

Law School Transparency: Distractions
(DBN)

Merger Madness: French Boutique Says ‘Oui’ to DLA Piper
(DBN)

ILTA Survey: Law Firm Tech Spending Still Down, but Rising
(DBN)

State Bar of Texas Alert Says ‘Scam Artist’ Stole Nonpracticing Lawyer’s ID for Fake Website
(DBN)

Amid accreditation worries, students return to LMU law school
(DBN)

Criminal Defense Attorney Charged in Law Office Shooting; His Wife Recorded Incident on Cellphone
(DBN)

‘Prominent’ Attorney Accused of Patronizing Alleged Pros Who Once Starred in ‘Wife Swap’
(DBN)

What, No Double-Secret Probation? Frat Sues School for $10 Million Over Suspension
(DBN)

Divorce Lawyer Testimony in Drew Peterson Trial: 4th Wife Mulled Accusing Him of Murdering 3rd Wife
(DBN)

Nebraska School Officials Allegedly Ask Parents Of Deaf Toddler To Change His Signed Name Because It Looks Like A Finger Gun
(DBN)

Say What?!
(DBN)

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Judges:

NY judge plans to sue city for alleged assault by officer
(DBN)

No scan do
(DBN)

A Star Is Born: Chief Judge Alex Kozinski, Coming To A Movie Theater Near You
(DBN)

NY judge to be censured in connection with unleashed-dog case
(DBN)

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Wall Street:

US Stock Futures Down On Global-Growth Gloom
(DBN)

Uncertainty dents shares ahead of Bernanke speech
(DBN)

Stocks Eke Out Gains; Nasdaq Logs 4-Day Rally
(DBN)

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Layoffs:

Where you're 18 times more likely to find a job
(DBN)

How Underemployed is Generation Y?
(DBN)

California Now Hottest Job Market in America
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

AMR Says Creditors May Provide Financing for Plan --- Creditors offer equity financing for reorg plan
(DBN)

New group of 'substantial creditors' emerges in AMR bankruptcy case
(DBN)

Allied Pilots Association appeals bankruptcy court decisions
(DBN)

American Airlines to recall last of its furloughed flight attendants
(DBN)

Pilots union jumped gun on US Airways/American non-disclosure agreement
(DBN)

Travelport, Sabre, Orbitz Must Face AMR’s Antitrust Suit
(DBN)

Hawker Beechcraft seeks to extend exclusivity
(DBN)

Airlines: first half profit down 9.4 percent on higher costs
(DBN)

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Energy:

In Exit, Dynegy Shareholders Look to Eke Out Something
(DBN)

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Health Care:

Judge to rule on deal for hospital
(DBN)

Bankrupt hospital nets potential buyer
(DBN)

How Much More Americans Pay For Prescription Drugs
(DBN)

Nursing Home Inspect Update: More Homes, More Violations
(DBN)

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Hedge Funds:

The Most Spectacular Hedge Fund Implosions Of All Time
(DBN)

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Personal Finance:

Parents to college kids: Live at home, get a job
(DBN)

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Food/Beverage:

The fate of Twinkies just got more complicated
(DBN)

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Coal:

Coal Bankruptcies: Complications and Risks Associated with Federal Coal Legislation
(DBN)

Big coal faces steel slowdown amid shale-gas pain
(DBN)

UMWA commits to do “whatever it takes" to defend Patriot beneficiaries
(DBN)

Editorial: Patriot coal nightmare
(DBN)

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Economy:

US Grew Faster Than First Estimated in Second Quarter --- Nothing to Celebrate
(DBN)

Overall Delinquency Rates Down as Americans Paying More Debt on Time
(DBN)

Who Built It?
(DBN)

Gross Domestic Income Shows Economy Near Stagnation --- The Flatline Economy
(DBN)

Consumer Debt Narrows, Consumer Still Struggling
(DBN)

Beige Book: Economy Continues to Grow
(DBN)

Central Banks Creating Income Inequality?
(DBN)

U.S. Firms Move Abroad to Cut Taxes
(DBN)

Almost Half Of Americans Will Die Without A Nickel To Their Name
(DBN)

Romney's Choices to Replace Bernanke
(DBN)

A reminder that the Fed's unprecedented actions will, in fact, have unintended consequences
(DBN)

Happy Birthday Warren Buffett
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Principal reductions under AG settlement remain in the dark
(DBN)

Pending Home Sales Beat Expectations in July
(DBN)

The Housing Recovery Is Looking Better and Better
(DBN)

US Lenders Provided More Than $10 Billion in Mortgage Aid --- BofA lags in modifying loans under settlement --- Banks Forgave $1.3 Billion of Mortgage Principal
(DBN)

'Slumlord' Bankers
(DBN)

Distressed Home Prices Jump With Inventory Shrinking
(DBN)

Citigroup Settles Investors' CDO Suit for $590 Million
(DBN)

Developer faces fines for dodging creditors
(DBN)

Horowitz optimistic after court OKs plan
(DBN)

Connecticut Home Values Plunge As Banks Cut Jobs And Bonuses
(DBN)

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Alternative Energy:

US Trustee joins objections to Solyndra's bankruptcy plan
(DBN)

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Fraud:

Petters Trustee Wins Judgment Against Soccer Team
(DBN)

Wells Fargo Fired Man For 10-Cent Stunt He Pulled 49 Years Ago
(DBN)

Ponzi scheme insurance policies: Are they enforceable
(DBN)

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Private Equity:

Taibi on Romney and Bain Capital
(DBN)

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Celebs:

Lindsay Lohan Banned From Chateau Marmont After Skipping Out On Nearly $50K Hotel Bill
(DBN)

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Autos:

A President Romney would mean changes in Detroit
(DBN)

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Agriculture:

OR: Farm operation to emerge from Chapter 11
(DBN)

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Steel:

RG Steel Workers Rally
(DBN)

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Banking:

Bank Profits Hit $34.5 Billion in 2Q
(DBN)

Deutsche Bank evaluating past procedures involving Libor scandal --- Libor costs could reach $88 billion in bank lawsuits --- Hoist by their rigging
(DBN)

More small banks merge in face of increasing Dodd-Frank regulations
(DBN)

Citi to Pay $590M in Shareholder Lawsuit
(DBN)

Bank of America seeks end to lawsuit tied to AIG case
(DBN)

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History:

A Monetary Innovation That Changed the Civil War’s Course
(DBN)

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Retailing:

Sears booted from S&P 500
(DBN)

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Private Equity:

Bain Capital's Contec Holdings Files for Bankruptcy
(DBN)

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Small Business:

Mitt Romney Supporter May Soon File For Bankruptcy, Per Romney's Advice
(DBN)

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Brokers:

Corzine says MF trustee encroaching on his defense
(DBN)

Freeh Calls for Peace in Fight Over MF Global Money
(DBN)

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Corporate Reform:

Romney’s Dodd-Frank Kill Pledge Collides With Wall Street Agenda
(DBN)

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Media:

Tribune Co. creditor fails to post bond, but still seeking court help --- Emergency appeal to halt Tribune Co. reorganization
(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 (48 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (25 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 Tribune Appeal, ResCap Homeowners, Novel 11s: Audio
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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DIP Finance:

Rosenthal & Rosenthal Acts as Lender in Holsted Chapter 11 Case
(DBN)

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Avoidance Actions:

Verizon Can't Shake $10 Billion Fraudulent Transfer Suit
(DBN)

______________

Litigation:

Circuit Split Watch: A divide over sanctions against lawyers who can't afford to pay
(DBN)

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Tax:

Piqued Interest in Interest: Tax Court Rules on Postpetition and Postconfirmation Interest on Tax Claims (Part One)
(DBN)

How Bain Execs Lower Their Taxes
(DBN)

______________

Consumer Finance:

What $11.38 Trillion In Household Debt Looks Like
(DBN)

Consumers cut up credit cards, but buy cars
(DBN)

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Hotels:

Grand Wailea ownership bid made
(DBN)

______________

Weather:

Hurricane damage could top $1 billion
(DBN)

Drought causes problems in unlikely place
(DBN)

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Municipalities:

RI setting standard for bondholders' love
(DBN)

California's San Bernardino seeks job, service cuts while in bankruptcy
(DBN)

San Bernardino Council Votes to Tap Into Restricted Funds
(DBN)

Compton not headed for bankruptcy , city manager says
(DBN)

Jefferson County Sees Bankruptcy Plan by Year End
(DBN)

Saving the town of Pratt will take some doing
(DBN)

Gov. Brown Seeks Major Pension Reforms
(DBN)

______________

Gambling:

How a Cozen M&A Partner Helped Close a Different Type of Deal
(DBN)

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Oil/Gas:

Ky. court weighs $24 million gas royalty verdict
(DBN)

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Debt Collection:

New Dirty Trick to Jail You for Small Debts
(DBN)

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UK:

Rangers FC administrators reveal finances at collapsed club
(DBN)

Mouchel bankruptcy shouldn't be 'business as usual' for public bodies
(DBN)

Struggling JJB Sports puts itself up for sale
(DBN)

______________

EU:

Draghi: 'Exceptional measures' may be needed
(DBN)

Euro-Area Confidence Drops More Than Forecast to 3-Year Low
(DBN)

Citi: Europe's Losses Are 'Unquantifiable'
(DBN)

Euro falls vs dollar as investors look to Bernanke
(DBN)

The Calm Before the Euro-Zone Storm
(DBN)

Everything You Need To Know About The September 12 German Court Decision That Could Rock The Entire World
(DBN)

China's Wen calls for action on Europe debt
(DBN)

______________

PIIGS:

Greek coalition leaders back outline of new cuts
(DBN)

Italy passes acid test with 10-yr bond sale --- Italy's Austerity Leads to Ferrari Sell-Off
(DBN)

______________

China:

Rational Explanation For All Of China's Ghost Cities? --- China's Latest Offer To Europe Might Be A 'Prelude To Disaster'
(DBN)

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Cyprus:

Bank of Cyprus chairman resigns
(DBN)

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Israel:

Ampal-American Israel Files Chapter 11 Bankruptcy
(DBN)

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Copyright 2012