August 9, 2012

The Daily Bankruptcy News

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Law:

Scalpels at the ready for Dewey's London staff --- Dewey's UK staff to 'examine' firm at NYC creditors ' meeting --- Dewey Retirees: Give Us a Trustee
(DBN)

Morgan Lewis, Baker & McKenzie, Duane Morris: Business of Law
(DBN)

Minn. AG fights 3M's bid to knock Covington off case
(DBN)

Some Comments on Capital Calls (and a Closer Look at Greenberg Traurig’s)
(DBN)

INSOL International Recognizes New Fellows
(DBN)

Coudert Collapse Highlights Clawback Risks of Lateral Hiring
(DBN)

In-House: True Confessions
(DBN)

TD Bank In-House Counsel Sanctioned by Rothstein Judge
(DBN)

Why One Law Grad Got Hired at Covington in Almost ‘Negative Time’
(DBN)

Law School Transparency: Law graduate debt: More on the real numbers --- Time for action
(DBN)

Dean Resigns in Row over Law School Autonomy --- Law School Dean Blasts University In Passionate Resignation Letter
(DBN)

Law School Debt: Reports of Our (Low)Debt Have Been Greatly Exaggerated
(DBN)

6th Circuit Rules Tenure Didn’t Protect Fired Cooley Law Prof, Cites One-Year Contract Term
(DBN)

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

Reed Smith Readies In-House Social Network
(DBN)

Lawyer Is Sentenced to Prison for Role in $52M Ponzi Scheme
(DBN)

The Top 10 Strangest Things Seen During a Bar Exam
(DBN)

A Puzzling Decision? Judge Rules Against Lawyer-Prisoner’s First Amendment Jigsaw Suit
(DBN)

Las Vegas Defense Attorney Busted for . . .
(DBN)

Arrested Lawyer Had Permit for Handgun at Batman Movie, Says He Cooperated with Police
(DBN)

Cops: Man calls 911 for beer run
(DBN)

Chicago lawyer accused of sexual assault at downtown hotel
(DBN)

Say What?!
(DBN)

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Judges:

Judge: There’s No First Amendment Right to a Jigsaw Puzzle
(DBN)

Justice Ginsburg shrugs off rib injury
(DBN)

Judge Judy Rules as TV’s Highest-Paid On-Camera Personality, TV Guide Survey Says
(DBN)

Court Clerk Charged with Stealing From Law Firm Says She Used Money for Restitution in Prior Case
(DBN)

Why Go Through the Trouble of Clerking for a Judge When You Can House Sit for One Instead?
(DBN)

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Wall Street:

Stock index futures signal slight gains
(DBN)

Stocks finish flat amid hope for Fed help
(DBN)

For Wall Street Bankers, the Thrill Is Gone
(DBN)

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Layoffs:

Hidden Danger in Last Week's Jobs Report
(DBN)

America's most surprising six-figure jobs
(DBN)

Northeast Indiana: Hundreds of factory jobs go unfilled
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Macy's Posts 16 Percent Hike in 2Q Net Income
(DBN)

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Steel:

Historic Sparrows Point steel mill sold to liquidator
(DBN)

Judge approves sale of 2 Ohio RG Steel facilities
(DBN)

Mystery surrounds auction of plant whose steel forged Golden Gate Bridge
(DBN)

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Food/Beverage:

McDonald's Same-Store Sales Are Not Good
(DBN)

New York SoHo Restaurant Barolo Files Bankruptcy
(DBN)

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Politics:

Romney's Dad Had Free-McDonald's-For-Life Card
(DBN)

How Many Years Of Tax Returns Is Mitt Romney Demanding To See From His VP Candidates?
(DBN)

______________

Fashion:

Fashion designer Betsey Johnson bounces back from bankruptcy
(DBN)

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IP:

Kodak Patent Auctions Begin
(DBN)

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Brokers:

Wasendorf Receiver Gains Right to Cash in Life Insurance
(DBN)

Joyce Tells Clients Knight in Good Standing With Clearinghouses
(DBN)

Looks Like Knight Capital Might Have Lost Less Money Than Everyone Thought
(DBN)

Knight-mare on Wall Street—Revenge of the Machines
(DBN)

Judge Holds Off Approving MF Global Brokerage Deal With CME
(DBN)

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Defaults:

US corp spec-grade default rate to rise to 3.7 pct by June
(DBN)

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Tax:

Income Tax Identity Theft Surging
(DBN)

Tax-Shelter Fraud Defendant Seeks New Trial Over Ineffective Counsel
(DBN)

______________

Celebs:

Will Smith on 75% Tax in France: 'God Bless America!'
(DBN)

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Gambling:

Diamondjacks files for bankruptcy
(DBN)

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Economy:

US productivity rises in 2nd qtr, 2011 revised upward
(DBN)

Say hello to the lowest level of US public sector employment in more than 30 years
(DBN)

GOP Considers Platform for Full Audit of Federal Reserve
(DBN)

Fed's Fisher: Already Too Much Stimulus
(DBN)

Why the One Percent Hoarding Cash Is Not Good
(DBN)

'Average' Americans Will Get Crushed In This Economy
(DBN)

Recession Generation Opts to Rent Not Buy Houses to Cars
(DBN)

Study: Almost Half Of Americans Die With Less Than $10K In Assets
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Freddie Mac posts $3-billion profit in second quarter ---Fannie Mae posts $2.2-billion profit
(DBN)

Fannie Mae profits rolled into rainy day fund
(DBN)

Are Fannie and Freddie on your side?
(DBN)

Foreclosures fall again in July
(DBN)

Ammunition For Loan Buyback Plaintiffs
(DBN)

A Major Shift Is Happening In How People Are Thinking About Housing
(DBN)

Citigroup's New Housing Plan: Own to Rent
(DBN)

Report: 3rd jump for Calif. house prices
(DBN)

Prime Mortgage Loan Demand Hits Highest in 14 Years
(DBN)

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

The Economic Impact Of A Slight Increase In House Prices
(DBN)

Principal Forgiveness: The Good, the Bad and the Ugly
(DBN)

Percentage Of Commercial Loans Paying Off Hits 12-Month Low
(DBN)

____________

Banking:

Standard Chartered begins fighting back on Iran allegations --- Standard Chartered will test a new line --- Finance chief Meddings was StanChart exec in anti-U.S. rant --- Neil Barofsky: Here's the real reason the Feds are furious at the NY regulator for going after Standard Chartered
(DBN)

Wells Fargo's potential for litigation, mortgage costs jumps
(DBN)

BofA’s Law Firm Says Lenders May Need More Loan Reserves
(DBN)

We Finally Have A Way To Measure Which Banks Are Too Big To Fail
(DBN)

Judge in Libor cases puts new lawsuits on hold
(DBN)

A Male Banker Describes A Typical Female Banker In NYC — And Why He Won't Date One
(DBN)

How America's Biggest Bank Makes Money
(DBN)

______________

Debt Collections:

Zombie debt collections: Hollywood Video is dead, but bills still haunt consumers
(DBN)

______________

Sports:

Olympic Bankruptcies for Ordinary Families
(DBN - NY Times - Paywall Limit Possible)

______________

Pensions:

Executive order awaits Faris written order
(DBN)

______________

Oil/Gas:

Tri-Valley, affiliates file Chapter 11 bankruptcy --- Receives Commitment for DIP Financing --- $11MM DIP Financing
(DBN)

______________

Municipalities:

Jefferson County bankruptcy judge says too early to set deadline for debt re-payment plan --- Judge postpones deadline decision for bankrupt Alabama county
(DBN)

San Bernardino: Rifts erupt at city level
(DBN)

Bankrupt Stockton's bond issuers and CalPERS are already bickering
(DBN)

CalPERS: Media is Wrongly Hyping Pensions as a Cause of City Bankruptcies
(DBN)

Bankruptcy challenge cites CalPERS bias
(DBN)

City bankruptcy finger-pointing
(DBN)

This time, cities win, unions lose
(DBN)

______________

Aviation:

Key revenue measure rises at American Airlines
(DBN)

Pilots soundly reject contract offer from American Airlines --- Bid for Concessions --- AMR bankruptcy route unclear after unions vote
(DBN)

Suit Claims Spirit Airlines Misleads Customers About Reason for ‘Usage Fee’
(DBN)

______________

Student Debt:

Private Student Loan Issues Examined in New Report
(DBN)

______________

Religion:

280 plaintiffs allege abuse in Montana diocese
(DBN)

______________

Lehman:

Lehman Judge Won't Redo JPMorgan $8.6 Billion Suit Ruling
(DBN)

______________

Corporate Reform:

Despite Record Fraud Payouts, Most Execs Avoid Jail
(DBN)

Justice Department Watchdog Creates Whistleblower Post
(DBN)

______________

Weather:

July Hottest Month on Record in Lower 48 States
(DBN)

______________

Hockey:

Devils owner short, needs $20M more
(DBN)

______________

Corporate Governance:

NY court adopts Delaware test in commercial case
(DBN)

______________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (26 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:

Saab Automobile, Iceland Banks, Rangers, Japan Air
(DBN)

The Bankruptcy Files: Big Filings Continue Decline, But Old Cases Still Paying Off
(DBN)

______________

Bankruptcy Statistics:

Eleven Years in Chapter 11
(DBN)

Utah bankruptcy filings fall 13 percent so far this year
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Litigation:

Conan Riffs on Apple v. Samsung
(DBN)

Are Meet-and-Confer Efforts Doing More Harm Than Good?
(DBN)

______________

Autos:

General Motors Back in Trouble on Lawsuits
(DBN)

______________

Politics:

Brown blasts welfare vote group chaired by Warren's daughter --- Brown, Warren start pouring their millions into Senate ads
(DBN)

______________

Health Care:

Healthcare, Medical Bankruptcies Surpass Other Industries YTD
(DBN)

Caritas bankruptcy nears its end
(DBN)

Health Care Exchanges Fought in 28 States
(DBN)

Hospital mass layoffs double again --- Shriners Hospital in Florida Cuts 30 Jobs
(DBN)

Mayor cites medical building bankruptcy as major reason for tax hike
(DBN)

______________

Fraud:

Trustee in Berg's Ponzi scheme sues Moss Adams again
(DBN)

Ex-Home Diagnostics CEO Pleads Guilty to Insider Trading
(DBN)

Ex-Deloitte exec admits insider trading tied to clients
(DBN)

______________

Distressed Investing:

Cerberus Is Said to Seek Up to $1.2 Billion for New Fund
(DBN)

5 More Companies That Are Distressing Investors
(DBN)

______________

Video Games:

38 Studios Bankruptcy to Move to RI Court --- Rhode Island to Take Possession of Schilling's 38 Studios
(DBN)

______________

Hotels:

Patrick Nesbitt Places Hotels Into Chapter 11 Bankruptcy
(DBN)

______________

Alternative Energy:

China's Wanxiang Rescues Struggling Battery Maker A123
(DBN)

______________

Sports:

Olympic gymnast’s family lost home to foreclosure
(DBN)

______________

Construction:

Company That Helped Demolish Old Yankee Stadium Collapses in Bankruptcy
(DBN)

______________

Telecoms:

Falcone, Harbinger fire back at LightSquared lenders' probe
(DBN)

______________

UK:

Governor of Gloom: Patience runs out with Mervyn King
(DBN)

Bank of England cuts UK growth forecast
(DBN)

London directors disqualified after Insolvency Service investigation
(DBN)

Repentant British Banks Forcing Clients To Transport Themselves To Olympics, Stay In What Is Basically The Equivalent Of Motel 6, Drink Olde English
(DBN)

Censure of Standard Chartered Draws Harrumphs in London
(DBN)

______________

EU:

Draghi's Shrewd Move Puts Euro Ball in Governments' Court
(DBN)

The 10 Most Shorted Banks In Europe
(DBN)

Parts of Europe Have Quietly Become Competitive
(DBN)

Euro Drops as Optimism About ECB Action Wanes
(DBN)

______________

PIIGS:

Ireland Is Abandoning Religion At A Startling Rate
(DBN)

Greece unlikely to get bailout funds before October --- Does Greece's latest downgrade matter? --- Greek Coalition Quarrels Over Worker Layoffs --- Printing Money The European Central Bank's Discreet Help for Greece --- Greece's Unemployment Rate Just Got Even More Horrifying
(DBN)

DBRS Downgrades Spain, Italy
(DBN)

Bailout-Wary Italians Suggest Paying Taxes in Advance
(DBN)

______________

China:

Chinese banks’ Weapons of Mass Ponzi
(DBN)

Report: 16% of China's wealthy have already left the country and 44% intend to soon
(DBN)

______________

Japan:

Corporate failures off 5% in July to 1026 firms
(DBN)

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Copyright 2012