August 7, 2012

The Daily Bankruptcy News

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Law:

Dewey settlement deadline extended to Aug. 13
(DBN)

Summer Associate Offer Rates (2012): A Round-Up
(DBN)

Kirkland, Shearman, Simpson Thacher, DLA, SNR: Business of Law
(DBN)

ABA House Postpones Resolution Reaffirming Opposition to Nonlawyer Ownership of Law Firms
(DBN)

Kirkland: One Year On
(DBN)

The Dark Art Of Law Firm Valuation
(DBN)

Lawyer -Turned-Novelist Makes It Up As She Goes
(DBN)

Wachtell Helps Knight Capital Avoid Collapse with Rescue Deal
(DBN)

Young Lawyers in ‘Lost Generation’ Seek a Foothold in the Legal Marketplace
(DBN)

Law Firms Are Looking to Hire In-House Counsel for Lateral Positions
(DBN)

A Conversation with Mark Harris of Axiom
(DBN)

Andrew D. Shaffer Joins Butzel Long's New York Office as Shareholder
(DBN)

No Fudging: Revised Standard Bars Law Schools from Publishing Misleading Consumer Info
(DBN)

Scammers Find New Favorite Target: Lawyers
(DBN)

How Else to Use a Law Degree: 5 Fun, Non-Lawyer Careers
(DBN)

Elizabeth Wurtzel Bids Bye-Bye to Boies Schiller --- Elizabeth Wurtzel: That was fun, but is it done?
(DBN)

Greenberg Traurig says capital call is buffer against uncertainty
(DBN)

Three Things Most Law Firm Partners Don't Know
(DBN)

Law School Transparency: That's where the money is
(DBN)

Does Babysitting Count As ‘Employed Upon Graduation’?
(DBN)

Except as Provided in the Syllabus, Students Shall Read the Statutory Section (i)Before Coming to Class or (ii)In Class Unless Provided Otherwise
(DBN)

How to Nail the On-Campus Interview
(DBN)

New Statue Appears To Involve Thomas Cooley Trying To Convince A Homeless Person To Go To Law School… Or Something
(DBN)

Congratulations, You Didn't Make Partner: What that failure can do for you
(DBN)

Abusive trustees above the law in California?
(DBN)

‘Lawyers Matter,’ ABA President Laurel Bellows Tells House of Delegates
(DBN)

Model Rule Change Recognizes Need for Conflicts Checks Before Lawyers Move, Law Firms Merge
(DBN)

Revised Model Ethics Rule Benefits Junior Lawyers Seeking Admission by Motion --- Model Ethics Rule Allows Lawyers to Practice in New State for Up to a Year, Pending Admission
(DBN)

Changes to Model Ethics Rules Clarify Lawyers’ Obligations When Using Outsourcing
(DBN)

Lawyers Have Duty to Stay Current on Technology’s Risks and Benefits, New Model Ethics Comment Says
(DBN)

10 Tips to Keep Social Networking in Line With ABA Ethics
(DBN)

Online Marketing, Including Lead Generation, Is Addressed in Changes to ABA Ethics Rules
(DBN)

Judge Postpones Attempted Murder Trial So Juror Can Attend ‘Law & Order’ Tryout
(DBN)

Was Kirkland's Bold Move Into Hong Kong a Good Bet?
(DBN)

Litigation Funders Set to Miss Out on ABS-Driven Costs Protection
(DBN)

Wisconsin temple shooting: Devastated mother of Sikh temple killer Wade Michael Page apologizes to son's victims --- Hero B'klyn cop focused on saving others during Wis. Sikh temple shooting --- Gunman had been on Feds' radar
(DBN)

Man Arrested For Wearing Superhero Outfit To Home Depot... 'Trying To Inspire Hope'
(DBN)

Robbers film victims for 'You Just Got Robbed' reality show
(DBN)

Attorney Who Snatched Purse Left Tracks In Snow
(DBN)

Cops: Man assaults grandmother over chicken salad mix-up
(DBN)

Woman in car chase fled because she was topless, deputies say
(DBN)

Cops search for man who tried to trade baby for food
(DBN)

Texas Man Charged With Felony After Barbecue Theft
(DBN)

Mom gets community service for daughter's sidewalk chalk art
(DBN)

Lawyer kills sister in court
(DBN)

Report: Cops taser deaf woman who called 911
(DBN)

Mississippi church apologizes for refusing to host black wedding
(DBN)

Say What?!
(DBN)

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Judges:

Judge Kozinski Writes an Apology, Sort of, Regarding 9th Circuit Conference Site
(DBN)

Some court documents filed during Texas.gov e-filing system outage may be “stuck in limbo”
(DBN)

Federal panel irked by unused historic David W. Dyer Miami courthouse - possible bankruptcy court home
(DBN)

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Wall Street:

Spain, Italy Two-Year Yields Increase as U.S. Stock Futures Rise
(DBN)

Europe Is Heading Higher Once Again
(DBN)

U.S. stocks higher, buoyed by jobs picture
(DBN)

Knight Avoids Bankruptcy --What Now?--- Quick Lunge for a Lifeline Helped Knight Capital Skirt Collapse --- Long-term viability questioned --- Potential buyers take stock of Knight --- Knight Executives Losing $12 Million as Share Plunge --- Stephens Inc. Among Investors Coming to Aid of Knight Capital --- Knight Capital gets $400 million rescue, shares tumble --- Analysts React to 'Onerous' Deal--- Joyce Puts Knight Survival Over Shares in $400 Million Deal --- Will Knight Capital Rise from the Ashes? --- Option Traders Blitz Knight Capital --- E*Trade says routing orders through Knight Capital again --- Vanguard is routing some retail orders to Knight --- Crunching the Knight Capital Group Numbers --- SEC Nixed Knight's Plea for a Do-Over --- A new dawn for Knight --- Bring Out Your Dead --- Wounded Knight Raises Questions About Bankruptcy Risks --- Knight Capital's CEO Is A Shining Example Of What A Wall Street CEO Should Do In Crisis --- Knight Blowup Shows How High-Speed Traders Outrace Rules
(DBN)

A Female Banker Ranks The Dateability Of Men From Different Parts Of Wall Street
(DBN)

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Layoffs:

Panetta: More Rounds of Base Closures Are Inevitable
(DBN)

Bank, financial sector leads in July layoffs
(DBN)

Jobs Up, Salaries Not so Much
(DBN)

Mitt Romney Recalibrates His Employment Forecast
(DBN)

"It was like we were in a funeral home": unemployment workers get pink slips of their own
(DBN)

The scary depth and duration of the current jobs crisis in one, updated chart
(DBN)

Why Washington Accepts Mass Unemployment
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Banking:

New York may suspend Standard Chartered over Iran dealings --- Standard Chartered Reject US Claims About Its Ties To Iran --- StanChart joins banking march into mire --- ‘You F—ing Americans, Who are You to Tell Us, the Rest of the World, That We’re Not Going to Deal with Iranians’
(DBN)

Crazy Details About The Bank Accused Of Transferring $250 Billion To Iran
(DBN)

NYT: It's Now Every Bank for Itself in LIBOR Scandal --- Fired Barclays trader draws scrutiny in Libor probe, sources say --- Libor Rigging Predictable, Inevitable
(DBN)

Bankers Agree: 'Too Big to Fail' Has Failed
(DBN)

______________

Health Care:

Hospital Mass Layoffs Nearly Double in June
(DBN)

The painful new trend in Medicare
(DBN)

______________

Economy:

Bernanke: Recovery Fine, Some Still Struggle
(DBN)

Bernanke says economic data masking average Americans' struggles
(DBN)

Fed's Dilemma: Low Inflation, Low Growth
(DBN)

An Infographic Of The US Economy
(DBN)

Bernanke says economy sputtering despite signs of improvement
(DBN)

US Treasury says to raise $750 mln more from AIG stock sale --- Treasury’s AIG Sales Could Speed Up
(DBN)

Fed's Rosengren Favors More Bond Purchases
(DBN)

Fed Says Banks Ease Standards on Business, Consumer Loans
(DBN)

The Fiscal Cliff We All Saw Coming
(DBN)

Every fiscal cliff scenario in one big chart
(DBN)

Another reason to fear the fiscal cliff
(DBN)

Social Security's Era of 'Free Money' Comes to an End
(DBN)

The Developed World's Longtime Source Of Cheap Labor Will Soon Run Out
(DBN)

A Shocking Number Of Americans Rely Entirely On Social Security By The End Of Their Life
(DBN)

More Bailouts Without Bank Restructuring Is Insanity
(DBN)

25 Big Companies Betting on America
(DBN)

3 Myths That Sustain the Economic Crisis
(DBN)

America is Losing the War on Poverty
(DBN)

Is Social Security Still a Good Deal for Workers?
(DBN)

Where Are They Now: 25 People Who Helped Cause The Financial Crisis
(DBN)

US Debt Clock
(DBN)

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Real Estate:

ResCap examiner bill: $29-36 million
(DBN)

This Woman's Neighbors May Have Kept Her From Losing Her Home
(DBN)

Man Buys All 650 Foreclosed Properties In One County For $4.8 Million In Back Taxes
(DBN)

Angry Jury In Mortgage Fraud Case Demands To Know Why CEOs Aren't Being Put On Trial
(DBN)

Fewest HAMP trials started since program began
(DBN)

Will Romney Back Refinancing Proposals Supported by Adviser?
(DBN)

Bankruptcy Basics and Considerations for Construction Projects
(DBN)

Miami Makes Cut as Improving Market
(DBN)

Owner of Union Trust Building in Pittsburgh seeks protection
(DBN)

Why Private Investors Are Staying Away From Mortgages
(DBN)

High Profile Bankruptcies Will Change Future of CCRC Financing
(DBN)

Edward DeMarco: Three Years And Counting
(DBN)

____________

Retailing:

Best Buy founder submits bid to buy the company
(DBN)

______________

Autos:

Spyker files suit against General Motors for driving Saab into bankruptcy --- Claiming $3 billion in damages --- GM Calls Lawsuit 'Baseless'
(DBN)

Lawsuit Could Undo Sale That Created New GM, Company Says
(DBN)

Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions
(DBN)

______________

Pharma:

Escalating problems culminate in K-V Pharmaceutical bankruptcy
(DBN)

______________

Municipalities:

City bankruptcies target retirees' health costs
(DBN)

More drama in bankrupt city
(DBN)

Bankruptcy judge: Stockton can stop paying for retiree health care --- Stockton police and firefighters have no money to buy gas
(DBN)

This California School District Deserves To Go Bankrupt
(DBN)

Cash-strapped Middletown council to apply for Pennsylvania's Act 47 program
(DBN)

N.Y. mayors leery of statewide fiscal control board
(DBN)

Legal opinion on replacing Michigan emergency manager law slammed
(DBN)

City-Town Returns Beat States for 7 Straight Months
(DBN)

Retirees Are Ditching Florida And Just Staying Put
(DBN)

______________

Photography:

Judge Clears Kodak to Pay $6 Million in Performance-Based Bonuses
(DBN)

______________

Brokers:

JPMorgan seeks to limit Peregrine trustee's subpoena power
(DBN)

Wasendorf Receiver Seeks to Cash in Life Insurance Policy
(DBN)

JPMorgan Faults Peregrine Plan to Involve CEO Dimon
(DBN)

______________

Pensions:

Fund's bankruptcy filing puts some members' plans on hold
(DBN)

______________

Steel:

Fate of economic powerhouse Sparrows Point should become clearer this week
(DBN)

RG Steel lacked capital for new future - Analyst
(DBN)

______________

Hotels:

Bad news for Peak Hotel creditors
(DBN)

______________

Politics:

Harry Reid not releasing his own tax returns
(DBN)

Ezra Klein: “I can describe Mitt Romney's tax policy promises in two words: mathematically impossible."
(DBN)

______________

Finance:

Bank Loans Cheaper, But Still Hard to Get
(DBN)

______________

Gambling:

Casino operator Caesars posts wider 2Q loss
(DBN)

______________

Corporate Reform:

SEC Lawyers Annoy Their Way Into The Hearts Of Private-Sector Employers
(DBN)

Standard Chartered is big target for new agency
(DBN)

New study says SEC revolving door not important. Don't believe it
(DBN)

______________

Equipment Rentals:

Ahern gets two months to file plan
(DBN)

______________

Education:

Lon Morris to Sell Sports Gear to Rival College
(DBN)

______________

Freight:

US Intermodal Volume Hits Record in July
(DBN)

Orders Of Heavy Duty Class 8 Truck Sales Dive - Big Recession Warning Sign
(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 (73 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)

_____________

Bankruptcy Statistics:

S&P: post-bankruptcy recovery levels disappoint bondholders
(DBN)

Business bankruptcies continue to fall
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Compensation:

Kodak executive bonuses OK'd by bankruptcy judge
(DBN)

______________

Sales:

Stop the Presses! Third Circuit Revisits Equitable Mootness in Philadelphia Newspapers Case
(DBN)

______________

Trustees:

Trustee's fee presumptively reasonable commission
(DBN)

______________

Avoidance Actions:

Fifth Circuit Applies New York Fraudulent Transfer Law to Suit Against Lenders for Receipt of Downstream Guaranty Payment Despite Debtor's Full Payment to All Other Creditors
(DBN)

______________

Safe Harbors:

Curiosity Safe on Mars, Forward Contracts Safe Under Section 546(e)of the Bankruptcy Code
(DBN)

______________

Plan Confirmation:

Does the Presence of Guarantees Justify Separate Classification of a Lender's Deficiency Claim in a Chapter 11 Case?
(DBN)

______________

Litigation:

On Stage: How to Use Theater Techniques to Reach Juries (audio)
(DBN)

The Apple v. Samsung Trial Continues, And John Quinn Keeps Taking Shots
(DBN)

(I Can't Get No)Cooperation!
(DBN)

______________

Tax:

IRS Applies Open Transaction Doctrine To COD Income In Bankruptcy
(DBN)

______________

Shipping:

Omega Navigation files plan
(DBN)

______________

Fraud:

Madoff Sons' Spouses Tell Court They Can't Be Sued
(DBN)

Despite Warnings, Lawyers Still Fall for Collection Scam
(DBN)

Key U.S. informant Khan testifies at insider trial
(DBN)

______________

Celebs:

Russell Brand's dad Ron 'facing bankruptcy' --- Brand's dad in court today over unpaid rent bill
(DBN)

Her Energy and Smile Flagging, Douglas Surrenders Stage
(DBN)

______________

Aviation:

Milestone dates approach in American Airlines bankruptcy
(DBN)

American's unions on hot seat on contracts
(DBN)

APA lays out pros and cons of American Airlines’ pilots vote
(DBN)

British Airways 'would consider' stake in American Airlines
(DBN)

FAA Tells Court It May Fine American Airlines Over Safety
(DBN)

American Airlines to lay off 40 cargo agents in Dallas
(DBN)

Worst May Be Over For India's Airlines
(DBN)

______________

Electricity:

Bicent Power Wins Approval of Debt for Equity Swap Plan
(DBN)

______________

Alternative Energy:

Abound Solar County fights for $2M in unpaid taxes
(DBN)

______________

Oil/Gas:

Reorganized TXCO wins $15.9 million
(DBN)

Chesapeake Expects $7 Billion in Asset Sales This Quarter
(DBN)

______________

Financial Literacy:

Most American Teenagers Don't Know A Thing About Managing Money
(DBN)

______________

Personal Finance:

What Olympic Athletes Do For A Living
(DBN)

______________

Religion:

William Lynn , Philadelphia Priest, Denied Bail During Appeal
(DBN)

______________

IP:

Kodak Patent Bids Start Low
(DBN)

______________

UK:

Income tax climbs during downturn, but wages grow faster
(DBN)

Bankruptcies continue to fall in the UK
(DBN)

UK universities' pension fund eyes distressed debt spree
(DBN)

London Banks Take Another Hit on StanChart Iran Claims
(DBN)

______________

EU:

Global shares, euro rise on ECB plan hopes
(DBN)

Euro Firm as Bets on ECB Action Grow
(DBN)

Premier Talks Tough in Bid To Save Euro
(DBN)

______________

PIIGS:

5-hour blackout for Spanish stock exchange --- Spain bankruptcies at record level --- Spain Awaits ECB Move Before Deciding on Bailout
(DBN)

German Regional Minister Sees Greek Euro Exit by Year’s End --- Greece Rounding Up Illegal Immigrants --- IMF pressuring eurozone to ease Greek bailout terms
(DBN)

The Interview With The Italian Prime Minister That's Made The Rest Of Europe Livid --- Germany Infuriated By 'Fourth Reich' Headline In Berlusconi Newspaper --- Awful Industrial Production Fall In Italy
(DBN)

______________

Canada:

Indalex, Shmindalex! Ontario Court Of Appeal Decision Confirms That DIP Priority Is In The Hands Of The CCAA Court
(DBN)

______________

MENA:

Nakheel says creditor claims cut by 85%
(DBN)

______________

Jersey:

Vultures Forced To Hunt Elsewhere – The Changing World Of Distressed Debt
(DBN)

______________

Cyprus:

Cyprus may need more bailout cash --- Troika found Cyprus economy worse than expected, report says
(DBN)

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Copyright 2012