August 6, 2012

The Daily Bankruptcy News

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Law:

With Settlement Deadline Looming, Will Dewey Case Break Law Firm Bankruptcy Mold? --- The $6 Million Men (Plus additional tidbits about Dewey partner compensation.)
(DBN)

TD Bank, Greenberg Traurig Sanctioned Over Documents in Rothstein Case --- Gaze Upon Judge Cooke's Scott Rothstein/TD Bank Sanctions Order
(DBN)

Akin Gump, Minter Ellison, WilmerHale: Business of Law
(DBN)

Legal Jobs Report: July --- Legal Sector Adds 1,400 Jobs in July
(DBN)

Revenue recedes, but partner pay rises --- The 2012 Survey Of Law Firm Economics --- The Regional Results
(DBN)

Connecting the Dots on the Structural Shift in the Legal Market
(DBN)

Hogan Lovells report shows pro bono hours fell 15% last year
(DBN)

Ex-S&C Associates Find Career Success After Maples Mailroom Mishap
(DBN)

Orchestra Bankruptcy Generates $4.5 Mil. in Fees for Area Firms
(DBN)

Seven firms request $4 million additional fees in Rothstein case
(DBN)

Attorney fees in air cargo case near $93 million
(DBN)

Are Proposed Changes to ABA Ethics Rules Too Little, Too Late?
(DBN)

ABA Votes Not to Accredit Foreign Law Schools
(DBN)

ABA House to Consider Ethics Rule Changes to Help Young and Mobile Lawyers
(DBN)

DOJ: Illegal Immigrants Can’t Practice Law in the US
(DBN)

Sandra Fluke Reflects on Lawyers, Civility and Her Brush with Rush Limbaugh
(DBN)

Is Your Law School A Dram Shop?
(DBN)

Law School Blamed for Fatal Crash
(DBN)

Ex-Student Pleads in Law School Break-In; State Says He Tried to Intercept Transcript Request
(DBN)

Law School Transparency: Real people, real numbers --- International environmental sports law
(DBN)

Summers at law firms means the great escape
(DBN)

Could The University Of Colorado Face Civil Liability Over the Aurora Movie Theater Shooting?
(DBN)

Law School Curricula Are Changing, Survey Shows
(DBN)

Mass Shooting At Sikh Temple In Wisconsin: At Least 7 Dead Including Shooter
(DBN)

The Best iPhone And iPad Apps From Last Week
(DBN)

Survey: A Third of Lawyers Use Tablets, a Few Still on Dial-Up
(DBN)

"Apple v Samsung" - House that Steve built had down cold how to get free publicity, your law firm can too
(DBN)

Know the Questions to Ask So You Can Practice Ethically in the Cloud
(DBN)

The 'having it all' debate: We've heard it all before
(DBN)

Foreign firms set sights on Israel as legal market frees up
(DBN)

That Law Firm All-Nighter, Then Accident: Can you sue your employer, that is, the law firm? --- What Happens When You Stay Awake For 11 Days Straight
(DBN)

Man angry over arrest smashes police car fleet with tractor
(DBN)

Fort Hood Shooting Suspect Fined Another $1K for Showing Up at Pretrial Hearing Unshaven
(DBN)

Landlord's Mother Says Suspected Shooter Had Broken Up With Girlfriend Before Shooting
(DBN)

7 Notorious Defendants Who Successfully Used The Insanity Defense
(DBN)

The 20 Least Flattering Celebrity Mug Shots
(DBN)

12-year-old tased inside Victoria's Secret
(DBN)

Facing Hard Time? Hire a Replacement
(DBN)

Ex-Convict Talks 'Breaking Bad' And What Cooking Meth Is Really Like
(DBN)

"Breaking Bad" - Is this turning out to be an old-style morality play?
(DBN)

Say What?!
(DBN)

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Judges:

Justice Ginsburg weighs legal lessons of opera
(DBN)

Judge scolds, sanctions Greenberg Traurig, TD Bank
(DBN)

Sandra Day O'Connor defends Roberts on health care ruling
(DBN)

Judges Hash Out Possible Changes to Judicial Disqualification Rules
(DBN)

It’s Both the Roberts and Kennedy Court, Supreme Court Experts Say
(DBN)

Obama’s Judicial Confirmations at the Election Year Summer Recess, and Prospects for the Fall
(DBN)

Fifty Shades of Scalia
(DBN)

A Bridge Too Far
(DBN)

US Marshal Shares Steps Lawyers and Judges Can Take to Improve Personal Security
(DBN)

Sen. Lindsey Graham: Qualifications of Judicial Nominees Should Count More Than Politics
(DBN)

Survey Indicates the Public Is Unconvinced That State Courts Need More Money
(DBN)

The 13 Oldest Federal Judges Who Can Still Take Cases
(DBN)

Why Do Federal Judges Retire? More Income Is Top Answer
(DBN)

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Wall Street:

Stock futures edge higher on Europe hopes
(DBN)

July job report sends stocks soaring
(DBN)

Dow Rises to Three-Month High
(DBN)

Knight Trading Program Ran Amok, With No 'Off' Switch --- Examining risk controls at Knight Capital --- Attempting to Avoid Bankruptcy, Knight Says it Secured Last Minute Lifeline --- Knight Said to Avoid Insolvency With $400 Million Infusion From Investors --- Citadel, KKR Said to Bow Out --- Frankenstein Takes Over the Market --- Knight Said to Draw Interest From KKR, TPG, Silver Lake --- Knight Capital convertible notes rebound further on reports of rescue line --- Knight Said to Inform Brokers It Got Financing for Market Making --- Insurance may provide little relief for Knight Capital losses --- Knight Investors Eye Prize in Market-Making for Individuals
(DBN)

Software Updates Are Destroying the Stock Market
(DBN)

Zuckerberg has lost $9 billion since IPO
(DBN)

UBS Is Recommending These 25 Stocks To The Richest People In World
(DBN)

NYSE CEO Says U.S. Must Fix `Crisis of Confidence'
(DBN)

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Layoffs:

150,000 Drop From Workforce
(DBN)

163,000 Nonfarm Jobs Added
(DBN)

Jobless rate is really 8.254%, Obama adviser says
(DBN)

'Real' Unemployment Rate Even More Troubling --- 14.9%
(DBN)

Government Job Cuts Slow
(DBN)

Digging Into the Jobs Data
(DBN)

Mixed Messages on employment situation
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Tobacco:

Attorneys general object to Renegade plan
(DBN)

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Gambling:

Bankrupt owner to sell casinos to Oklahoma tribe
(DBN)

Former Gas City magnate's casinos file for bankruptcy
(DBN)

Foxwoods casino owners restructure $2.2B in debt
(DBN)

MGM faces bankruptcy risks, analysts say
(DBN)

______________

Derivatives:

Berkshire Profit Falls 9 Percent on Buffett's Derivatives Bets
(DBN)

______________

Economy:

Payroll Gains Exceeding Forecasts Signal Sustained US Growth
(DBN)

Did U.S. Really Shed 195,000 Jobs in July? --- Actually, the US lost 1.2 Million Jobs in July
(DBN)

Manufacturing shrinks in July
(DBN)

Social Security not deal it once was for workers
(DBN)

The American consumer rebellion is gaining speed
(DBN)

Nearly Half Die with Nearly No Assets
(DBN)

America's Manufacturing Comeback Might Make The Next Shock A Whole Lot Worse
(DBN)

US set to make $5B on new sale of AIG stock --- AIG Will Still Be Majority Owned by Tax Payers --- AIG Spent $9.9B Buying Assets That Once Helped Hasten Collapse
(DBN)

The 10 Cities With The Most Young Adults Living With Their Parents
(DBN)

9 Great US Companies That Will Never Recover
(DBN)

Rogoff Sees World Wishing It's America Year After S&P Downgrade
(DBN)

Why Goldman Is Feeling More Optimistic, In One Paragraph
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Home prices are up versus a year ago in 12 major cities
(DBN)

Amount of underwater borrowers shrunk in 1Q
(DBN)

Buffett's housing bet pays off
(DBN)

Ally Sees Increase in Fannie Requests as It Tries to Stem Mortgage Exposure
(DBN)

Are Hot Housing Markets Seeing 'Mini' Bubbles?
(DBN)

Can President Obama Fire Ed DeMarco?
(DBN)

BofA in talks with Fannie Mae on mortgage dispute
(DBN)

Reese v. Provident Funding: Georgia Court of Appeals Ruling Potentially Invalidates Thousands Of Foreclosures
(DBN)

Michael Phelps Lost $440,000 On His Baltimore Condo
(DBN)

Ninth Circuit BAP Holds that a Solvent Debtor May Use Chapter 13 to Strip a Fully Unsecured Second Lien Against the Debtor’s Home
(DBN)

The Newest Housing Scams Are Targeting Renters
(DBN)

Mo. reaches settlement with DocX in robo-signing suit --- LPS Settles MO Robo-Signing Charges
(DBN)

Think Manhattan Rents Are High? Try Hong Kong
(DBN)

____________

Banking:

JP Morgan: The bank that choked on a whale --- JP Morgan's Whale Told to Raise Valuations
(DBN)

Geithner urges “powerful, credible” response to Libor manipulation in U.S. --- NY, Connecticut Attorneys General Demand Libor Information from Citi --- RBS Sacked Staff Over Libor Affair
(DBN)

Regulators seize Waukegan Savings --- First Midwest Snaps Up Failed Bank
(DBN)

Power outage knocks out US Bank's 8000 ATMs nationwide for 2 hours
(DBN)

Don’t Fall For Sandy Weill’s Crocodile Tears
(DBN)

______________

Politics:

Elizabeth Warren : Dem convention plus or minus --- Is Warren too abrasive for Washington? --- Scott Brown, Elizabeth Warren at odds over economy
(DBN)

Romney on jobs numbers: 'Hammer blow' to middle class --- Reuters: Labor market slowed sharply after strong gains in winter, spelling trouble for Obama --- Romney Promises 4 Million Jobs in 4 Years
(DBN)

Solyndra Report Ending U.S. House Probe Fuels Campaign Rhetoric
(DBN)

Congress With Lots to Do, Leaves for 5 Weeks
(DBN)

______________

Coal:

Judge approves Patriot's bankruptcy financing
(DBN)

_____________

Aviation:

American Airlines will ask judge to toss out labor contracts if unions turn down their deals --- Hale: If pilots reject new contract, American Airlines will reject old contract
(DBN)

Glading: Absolutely, I’m voting for the American Airlines contract
(DBN)

Is JetBlue Airways the No. 1 target of American Airlines? --- American Airlines: We haven’t made any decisions about mergers, including ones involving JetBlue --- Horton says (again)that a US Airways deal will get a full review
(DBN)

United Airlines pilot union chief: We stand at the threshold of a new day
(DBN)

Mexican airline's creditor seeks removal of bankruptcy judge
(DBN)

RusLine airline's bankruptcy to be heard on September 7
(DBN)

______________

Celebs:

Former NFL star: Arrest a misunderstanding
(DBN)

A Look at Canseco's Bankruptcy Documents --- Canseco: “Everyone deserves a second chance in financial situations" --- Jose's sad statistics
(DBN)

Gymnast Gabby Douglas' Mom Filed for Bankruptcy --- Gabby Douglas Will Be Able To Save Mom From Bankruptcy
(DBN)

Warren Sapp -- Bankruptcy Blowout Auction on Massive Air Jordan Collection
(DBN)

______________

Food/Beverage:

What Athletes Eat After Winning Gold
(DBN)

______________

Non-Profits:

Group: Huntington Dog Beach faces bankruptcy
(DBN)

______________

Photography:

Eastman Kodak loss widens in 2Q
(DBN)

______________

Marinas:

Fort Lauderdale BoatClub files Chapter 11
(DBN)

______________

Fraud:

Perry Capital Seeks Dismissal of Solus Madoff Claim Suit
(DBN)

______________

Newspapers:

Wayzata investment firm takes majority stake in Star Tribune parent
(DBN)

______________

Resorts:

Greek Peak ski resort in NY files for Chapter 11
(DBN)

Sea Trail Resort owner hopes for the right buyer
(DBN)

_____________

Brokers:

Son of Peregrine CEO Had Planned to Leave Firm
(DBN)

Peregrine CEO had fancy pool, but few luxury toys
(DBN)

US Bank Named as Defendant in Peregrine Clients' Suit
(DBN)

Wasendorf Estate Receiver Seeks Payments for Former Staff Aiding Probe
(DBN)

______________

Defaults:

S&P: U.S. Default Rate Rises to 2.8% in July --- S&P says the weakest links count declines to 128
(DBN)

______________

Autos:

GM's bad week: Not yet a sinking ship
(DBN)

GM May Write Down Investment in Peugeot, Filing Says
(DBN)

______________

Retailing:

Shoe Mania Creditors Seek to Force It Into Bankruptcy
(DBN)

______________

Skiing:

Wisp Asks Bankruptcy Court for More Time to Talk with Potential Buyers
(DBN)

______________

New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (50 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (23 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:

Bankruptcy Week Ahead
(DBN)

Bankruptcy Should Be the Last Resort, Many Say, But That's Just Not True
(DBN)

Police Protection, Please, for Municipal Bonds
(DBN)

______________

Bankruptcy Statistics:

Bankruptcy Filings Still Falling
(DBN)

Bankruptcy filings fall 5.9 percent in central Florida
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Litigation:

Identifying Defenses Arising From A Plaintiff's Bankruptcy
(DBN)

Judge Denies Apple Bid for Samsung Sanctions --- Rebukes Samsung --- Tackles attorney behavior
(DBN)

Lawyers see benefits of computer coding, with caveats
(DBN)

Discovery from 3rd Party Vendors
(DBN)

The Dangers of Document Production
(DBN)

______________

Municipalities:

Amazon, Stater Bros. See Gains in Bankrupt San Bernardino --- San Bernardino bankruptcy spurs employee exodus
(DBN)

Bondholders, pension fund bicker over Stockton bankruptcy
(DBN)

Believing Default-Averse Fresno Returns 5.41% Love
(DBN)

CA: State's role in city bankruptcies
(DBN)

Bankrupt California cities slash public services to fund six-figure pensions
(DBN)

Harrisburg's former mayor Steve Reed supports keeping bankruptcy on the table
(DBN)

Proposal offers Act 47 hints --- Act 47 strategy to give options
(DBN)

Scranton would lose $2.2M from state by OKing plan without PEL nod
(DBN)

Go ahead and dance Detroit, right into bankruptcy court
(DBN)

Michigan emergency manager law repeal on ballot: court --- Supreme Court ruling on emergency manager law : How justices voted
(DBN)

Berkshire Trims Municipal-Debt Bet
(DBN)

America's Emptiest Cities
(DBN)

______________

Mail:

Postal service defaults on loan
(DBN)

Congress Fiddles While the Post Office Burns
(DBN)

Could Financial Trouble Trigger Changes At The Postal Service ?
(DBN)

Make rural Americans pay more for mail delivery
(DBN)

______________

Rail:

Amtrak's Food Lost Taxpayers $834 Million in 10 Years - Amtrak Pays $1.70 for Every Dollar Charged Customers --- Amtrak's Amazing $16 Burger
(DBN)

______________

Mass Torts:

Finding the Price of Fairness
(DBN)

______________

Tax:

U.S. submits new request to Switzerland on alleged tax cheats, Credit Suisse says --- Swiss brace themselves for lengthy negotiations over US tax deal
(DBN)

Swiss Banks Face Slow Death as Taxman Chases Assets
(DBN)

IRS May Have Paid ID Thieves $5B in 2011 Refunds; $3.3M Went to One Address Listed On 2,137 Returns
(DBN)

______________

Corporate Reform:

Dealpolitik: Pointing Fingers for the Financial Crisis
(DBN)

Preet Bharara: Marilyn Monroe of Legal Sector
(DBN)

Federal Asset Forfeiture Continues to Skyrocket
(DBN)

______________

Student Debt:

When Facts Get In the Way
(DBN)

______________

Health Care:

K-V Pharmaceutical Files for Bankruptcy Protection
(DBN)

When More Insurance Means Higher Costs
(DBN)

GAO: Providers With $791M in Unpaid Federal Taxes Received $6.6B From Medicaid
(DBN)

Patients peek at hidden world of hospital costs
(DBN)

______________

UK:

ICAEW goes alone on tax avoidance disciplinaries
(DBN)

Freshfields usurps Hogan Lovells on Biffa's £1.1bn debt restructuring
(DBN)

Insolvency figures at four-year low
(DBN)

Roubini: 'The London Olympics Are An Economic Failure As London Is Totally Empty'
(DBN)

House prices fall 0.6%, says Halifax
(DBN)

JJB in fresh financial crunch
(DBN)

______________

EU:

European Markets Are Rallying
(DBN)

Draghi Reassessment Spurs Credit Rally in Europe Before Payrolls
(DBN)

Mario Draghi Cannot Save the Euro
(DBN)

European shares steady as investors await next steps in euro crisis
(DBN)

______________

PIIGS:

Spanish former leaders decline leaving bonuses --- Rajoy Will Consider Bond Buying Request to Protect Spain --- Spain inches towards a full EU bailout
(DBN)

Report: The ECB Is Extending Emergency Loans To Greece --- 'Acts' to head off Greek bankruptcy --- IMF's Talks With Greece Show Progress, Fund Official Says --- Greece's new pledges will take epic battle to implement --- Firms hit by slow cash flow --- More banks consider leaving Greece --- Greek Bank Ex-Chief Repatriated Investment Cash
(DBN)

Italy doesn't need German cash, Monti tells Germans --- Bank Of Italy Head Sees ECB Easing Policy In Next Months --- Monti Calls for More Crisis-Fighting Urgency in ECB Standoff --- Monti's Der Spiegel interview causes stir in Germany --- Romney Persona Non Grata in Italy for Bain’s Deal Skirting Taxes
(DBN)

______________

Canada:

Creditors take Yellow Media to court
(DBN)

______________

France:

France To Raise Top Tax Rate To 75%
(DBN)

______________

India:

India left in dark by utilities losing $10B a year
(DBN)

______________

BRIC:

3 Reasons Why Mexico Is The New Brazil
(DBN)

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Copyright 2012