August 8, 2012

The Daily Bankruptcy News

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Law:

Chadbourne, Cozen O'Connor, Proskauer: Business of Law
(DBN)

Greenberg Traurig says $24M capital call is buffer against uncertainty in markets --- Greenberg Traurig's Capital Call: Should legal sector be nervous?
(DBN)

Can't we all just get along? Civility and the legal profession
(DBN)

ABA names Chicago woman lawyer as president, NYer as president-elect
(DBN)

Buying In: The ‘Watershed’
(DBN)

Perkins Coie Partnership Structure At Issue in Suit
(DBN)

Job crisis hits graduates of law school hard
(DBN)

A Lawyerly Lairs Contest: The Best Law Firm Offices in America – Nominations, Please
(DBN)

Slaughters scores role for Standard Chartered on latest banking scandal
(DBN)

Blame Standard Chartered in-house lawyers in money-laundering mess
(DBN)

Kasowitz cannot recover success fees from Duane Reade: appeals court
(DBN)

Six Big Law Firms Get Serious About Legal Project Management
(DBN)

ABA Adopts Ethics Policy on Lawyers' Use of Technology --- ABA Resolution Addresses Lawyers' and Technology
(DBN)

Jared Lee Loughner Mentally Fit To Stand Trial: Judge
(DBN)

Which Member of the Kardashian Klan Is Going to Law School?
(DBN)

Keeping Up With the Kardashians’ Fibs: Is Rob Kardashian Even Going to Law School?
(DBN)

Kardashian's lawful news
(DBN)

Law Schools: "It’s a Ponzi scheme, in almost a literal sense. You’re taking money from current students and paying it to unemployed graduates."
(DBN)

4 Steps to a Successful First Semester of Law School
(DBN)

5 Things a 1L Should Not Do at Law School
(DBN)

The Fifty Shades of Grey Contract
(DBN)

Law School Transparency: Know before you owe --- Law schools significantly understate graduate debt
(DBN)

Law School News Roundup
(DBN)

Sued for Malpractice, Law Firm Fires Back with Fraud Claim, Seeks Freeze on Former Client Assets
(DBN)

Lawyer Who Picked Up Client’s Kids at School, Drove Them Around Aimlessly, Gets 6-Month Suspension
(DBN)

Man charged with impersonating officer, demanding free food from McDonald's
(DBN)

BATMAN movie-goer brings guns, knives for 'protection'
(DBN)

Lawyer helps rescue puppy
(DBN)

You Won’t Be Seeing Olympic Cheerleading Any Time Soon
(DBN)

Grandmother, 73, Waterboarded by Thieves
(DBN)

Say What?!
(DBN)

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Judges:

Loughner Pleads Guilty to Ariz. Shooting Rampage
(DBN)

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Wall Street:

U.S. stock futures drift higher
(DBN)

U.S. stocks climb; S&P 500 tops 1400
(DBN)

Global shares hit three-month high on ECB hopes; euro, oil gain
(DBN)

Knight Capital Reaches $400 Million Deal to Save Firm --- Knight Almost Goes Dark --- Knight Capital shares rise; analysts say sharp discount is sensible --- Knight's New Investors Ensured Privileged Position --- Knight Investors Need `Post-Mortem,' Royce's Kaplan Says --- 'Flash crash' rules made Knight keep bad trades
(DBN)

The Nastiest Feuds In Wall Street History
(DBN)

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Layoffs:

Job openings highest in four years in June
(DBN)

Panetta: Future Military Base Closures Inevitable
(DBN)

The 40 Highest-Paying Jobs You Can Get Without A Bachelor's Degree
(DBN)

Fall of US Factory Jobs and Living Standards
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Gambling:

MGM Resorts Posts Second-Quarter Loss on Weakening Vegas
(DBN)

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Autos:

GM needs to take Spyker lawsuit "seriously" say experts
(DBN)

Why Google Just Bought Hundreds Of Millions Of Dollars Worth Of Auto Loans
(DBN)

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Bankruptcy Crimes:

HI: Man nets jail time for bankruptcy fraud
(DBN)

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Financial Literacy:

If You're Really Rich, You Absolutely Must Send Your Kid To 'Money Camp'
(DBN)

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Fashion:

Back From Bankruptcy! Betsey Johnson Will Launch a Dress Collection for Spring 2013
(DBN)

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Health Care:

Calhoun Medical Center facing bankruptcy
(DBN)

CFPB Asked to Look into Medical Debt Collection and Reporting
(DBN)

33% of Doctors Won't Take Medicare Patients
(DBN)

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IP:

Apple Seeks Swift Appeal of Kodak Imaging Patent Ruling
(DBN)

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Student Debt:

Defaults on student loans skyrocket among senior citizens
(DBN)

Feds seize unpaid Social Security checks to pay off student loans
(DBN)

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Credit/Debit Cards:

US consumers cut back on credit card use in June
(DBN)

Fifty Shades of Grey
(DBN)

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Food/Beverage:

Harlem restaurant throws in the apron
(DBN)

USA Springs out of founder's hands
(DBN)

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Economy:

Fed: Banks Lent Out $7.1 Trillion
(DBN)

Fed's Rosengren sees little inflation risk from QE
(DBN)

Have The Past 40 Years Of US Economic Growth Affected Our Happiness?
(DBN)

9 Reasons the Economy Feels So Bad
(DBN)

Federal Reserve chief wants to know: 'Are you happy?'
(DBN)

25 Giant Companies Say What's Really Happening To The Global Economy
(DBN)

Morgan Stanley's Entire US Economic Outlook In One Huge Slide
(DBN)

Can Taxes Curb Inequality?
(DBN)

World's Richest: Warren Buffett Drops to 4th as Ortega takes 3rd Spot
(DBN)

US Debt Clock
(DBN)

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Real Estate:

MetLife fined $3.2 mln for "unsound" foreclosures - Fed
(DBN)

Late payments on mortgages hit 3-year low in 2Q
(DBN)

ResCap Examiner Bill Could Reach $36M
(DBN)

Citi May Write Off $6bn on MSSB Valuation
(DBN)

Wells Fargo refinances more loans than expected from settlement
(DBN)

Wells Fargo boosts estimated cost of litigation
(DBN)

Trashy Foreclosure Fallout Lands on Bank of America's Doorstep
(DBN)

Freddie Mac Delivers Profit, Dividend To Taxpayers Without Treasury Help
(DBN)

Jonesboro developer files Chapter 11 bankruptcy --- At Least $53 Million Bankruptcy
(DBN)

The 10 Fastest-Recovering Housing Markets
(DBN)

The 15 Best Housing Markets For The Next Five Years
(DBN)

Recovery or Not, Home Prices Keep Rising --- Home Prices and Rents Rise
(DBN)

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Banking:

Standard Chartered shares dive after US allegation --- Falls Most in 24 Years --- Accusations wipe $17 billion off StanChart shares --- The Fed And The Treasury Are Furious That A No-Name NY Regulator Went Around Them And Attacked Standard Chartered --- Is the DFS case against StanChart half-baked? --- Standard Chartered questions New York action --- Standard Chartered Probe Said to Require Up to $700 Mln --- StanChart can't avoid the long arm of the Lawsky --- Braces for regulatory fallout --- Watchdog's Iran ambush leaves StanChart reeling --- Standard Chartered Bond Risk Soars by Most in 4 Years --- Deloitte US implicated in Standard Chartered Iran deception --- Iran broadside brings StanChart holiday to a halt
(DBN)

Wells Fargo Boosts Lost-Income Forecast for Refinancing Program
(DBN)

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Telecoms:

Leap Wireless hits new low on results, downgrades
(DBN)

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Municipalities:

County budget cuts possible due to Abound bankruptcy
(DBN)

Three California cities' bankruptcy cases reverberate
(DBN)

Media is wrongly hyping pensions as a cause of city bankruptcies --- Cities can stave off bankruptcies by pre-funding worker benefits
(DBN)

California municipal bankruptcy bill shelved by Senate leader
(DBN)

A Q&A on local government bankruptcy in California
(DBN)

Brown Redevelopment Fund Seizure Pushes City Tax Increase
(DBN)

A Dauphin County Borough Is Seeking Act 47 Help
(DBN)

Middletown water system to be sold?
(DBN)

Weak credit quality of US cities bigger concern than bankruptcies
(DBN)

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Brokers:

Tough Markets Took Toll on US Brokers, Advisers
(DBN)

Peregrine Judge Grants Trustee Request to Subpoena Banks --- Peregrine trustee to serve banks with subpoenas in coming days
(DBN)

It's Time to Pay the Piper, Customers Tell Peregrine Financial's Top Officers
(DBN)

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Fraud:

Hedge Fund Fight Over Madoff Claims Shows Contract Woes
(DBN)

A Fraud By Any Other Name…
(DBN)

Are Merkin investors casualties of spat between Picard and NYAG?
(DBN)

DOJ Civil Fraud Penalties Rise, While Few Individuals Face Charges
(DBN)

Jury hears tangled web of trader-turned-FBI-informant Khan
(DBN)

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Celebs:

Olympic star Gabby Douglas blames dad for mom's bankruptcy --- Why Olympic Athletes' Parents Go Broke
(DBN)

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Aviation:

FAA files bankruptcy claims to possibly fine AMR up to $162 million
(DBN)

US Airways Seeks Merger Redemption in AMR After Failures
(DBN)

Court Weighs Arguments For HBC Bonus Plan
(DBN)

Kingfisher Airlines cancels 31 flights as employees go on strike
(DBN)

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Defaults:

Global Default Rate Dips to 2.8%, U.S. Rate Rises to 3.3%
(DBN)

Junk Defaults to Stay Below Average Into July 2013, Moody's Says
(DBN)

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Distressed Investing:

5 Companies That Are Distressing Investors
(DBN)

Oaktree Capital sees crisis opportunities
(DBN)

______________

Steel:

No word yet on Sparrows Point auction; Gansler files objection
(DBN)

Ohio Valley Steelworkers Head to Delaware for Bankruptcy Hearing
(DBN)

______________

Golf:

Foreclosure sale set for City Club, country club
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (33 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (52 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 Knight Capital, Madoff, Central Bankers: Audio
(DBN)

Win Rudy’s Yankees Tickets for August 29!…
(DBN)

Bankruptcy Code in ePub and Kindle Formats
(DBN)

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Bankruptcy Statistics:

In $440 Million Trading Error, Upside of Wall St. Failures
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Eligibility:

Kentucky Gay Married Couple File Joint Bankruptcy
(DBN)

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Plan Confirmation:

Short Circuiting the Plan Process - In re American Capital Equipment, LLC and Skinner Engine Companies, Inc.
(DBN)

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Sales:

363 Asset Sales: Procedures To Facilitate A Smooth Process
(DBN)

_____________

Mootness:

Third Circuit Narrowly Construes Doctrine of Equitable Mootness in Philly News
(DBN)

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Litigation:

In class settlement, judge slashes fees that 'no reasonable' client would pay
(DBN)

Use of discovery vendors creates ethical issues
(DBN)

______________

Politics:

Okay, But What Would Mitt Romney Actually Say To The Guy Whose Wife Died Of Cancer After He Got Canned?
(DBN)

Elizabeth Warren's campaign says she misspoke when demanding additional tax returns from Sen. Scott Brown --- What Warren Really Said About Scott Brown's Tax Returns
(DBN)

Scott Brown Is Gaining Momentum
(DBN)

Investigation: Mitt Romney’s Offshore Accounts, Tax Loopholes, and Mysterious I.R.A.
(DBN)

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Accounting:

Women in the profession – still not enough at the top
(DBN)

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Gambling:

Proposed National Harbor casino operator placed on financial watch list
(DBN)

______________

Retailing:

Bankruptcy judge grants interim ruling to let Vann's continue to do business
(DBN)

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Religion:

Minister was responsible person liable for unpaid payroll taxes
(DBN)

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Compensation:

10 female CEOs earn more than most male CEOs in the S&P 500
(DBN)

______________

Corporate Reform:

Party crashers: CFPB files amicus briefs in private lawsuits, seeks referrals
(DBN)

______________

Alternative Energy:

After Saab Bankruptcy, Boston-Power Finds a Foothold in China
(DBN)

Alternate energy producers fear loss of incentives
(DBN)

______________

Sovereigns:

Defaulting Sovereigns Risk Second Restructuring, Moody's Says
(DBN)

______________

UK:

Once-Mighty British Banks See Reputations Soiled by Scandals
(DBN)

London Bankers Think The Attack On Standard Chartered Is An Attack On Their Entire Existence
(DBN)

______________

EU:

Bernanke Says Europe Needs Its Own Fed
(DBN)

Don't get suckered by the Draghi put
(DBN)

The European Rally Finally Comes To An End
(DBN)

______________

PIIGS:

Greek exit would be 'manageable' --- S&P Cuts Greece's Outlook to 'Negative' --- Layoffs Coming for Thousands of Greek Workers --- More pension cuts in the pipeline --- Athens, Thessaloniki see among world’s steepest declines in office rental rates --- Consumer spending back to 2004 levels --- S&P cuts Greece's outlook to negative
(DBN)

Italy records 4th straight quarterly contraction as recession deepens --- Deep in Recession as Industry Slows Across Europe --- S&P Downgrades 15 Italian Banks --- Italian finance: Circling the wagons --- Economic crisis tests Italian family, Church opens doors
(DBN)

Italian MPs approve $30bn of spending cuts
(DBN)

Spanish Industrial Production Declines for 10th Straight Month
(DBN)

______________

France:

Indigestion for 'les Riches' in a Plan for Higher Taxes - 75% Tax Rate Proposed
(DBN)

Bank of France points to recession in Q3
(DBN)

______________

Switzerland:

The Riches Of The Swiss Will Be Their Undoing
(DBN)

______________

Japan:

Loan-Shark Lending Surge Feared in Japan
(DBN)

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Copyright 2012