December 10, 2012

The Daily Bankruptcy News

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Law:

Legal Jobs Report: November --- Legal services sector adds 200 jobs
(DBN)

How Are Managing Partners Feeling About 2013?
(DBN)

Bonus Watch: Vinson & Elkins Ditches Deferred Compensation (In Part)--- Kaye Scholer Matches Cravath Bonuses, With a Twist for Highest Billers
(DBN)

At Top Law Firms, a Class Conflict During Bonus Season
(DBN)

Getting Your Work Done (Part One)
(DBN)

The Lawyer Bubble
(DBN)

With Cross-Border Mergers, Law Firms Enter Arms Race
(DBN)

High noon on the high street --- Cheap and cheerful brands threaten hourly billing model
(DBN)

Who Wouldn’t Want to Go Back to Biglaw?
(DBN)

One Lawyer's Path to Finding Meaning in His Career
(DBN)

Solo Practitioner Sends Rejection Letter Blaming ‘Election Results’ For Hiring Freeze
(DBN)

Dewey Docket: Firm’s Art Collection Going Once, Going Twice. . .
(DBN)

Lawyer Accused of Forging Legal Opinion Letters with Niece’s Name
(DBN)

Teen Steals iPhone Off Quadriplegic Man's Wheelchair
(DBN)

McAfee wants to return to USA
(DBN)

Gibson Dunn faces sex discrimination claim from former employee
(DBN)

How Many Yale Law Students Does It Take To Figure Out How To Pee?
(DBN)

‘Tis the Season to Offer Demeaning Jobs to Law Students
(DBN)

Law School Transparency: Recession --- A million unemployed law grads is a statistic
(DBN)

Typing on an iPad
(DBN)

Ho, Ho, Ho—Bad Santa Is Back!
(DBN)

Stop Office Holiday Party Antics from Going Viral on Social Media
(DBN)

"Francine Friedman Griesing v Greenberg Taurig" - New social contract struggling to be born in U.S. capitalism
(DBN)

In North Dakota, too few lawyers for the work
(DBN)

Cop shoots, kills suspected shoplifter
(DBN)

2-Year Law License Suspension for Attorney Who Charged Client Usual Rate to Run Errands
(DBN)

Pro Se Defendant Feels Like Hannibal Lecter After He Is Strapped to Chair to Avoid Trial Walkout
(DBN)

OK: Tax Commission Asks Judge to Close Law Firm, Says $180K Owed re Employee Tax Withholding
(DBN)

Handcuffed Suspect Rolls Down Window, Slides Out, Steals Police Car (video)
(DBN)

Girlfriend Teaches Beau Real Meaning Of One For The Road
(DBN)

Small Woman Says She Fought Off Laker Star Trying To Have His Way
(DBN)

Woman Kills Grandmother for Being a Demon
(DBN)

Law firm cashier claims she was sacked after complaint about lawyer boss giving pay rise to personal assistant 'girlfriend'
(DBN)

Law firm partner reveals drag secret
(DBN)

Guy Who Got Busted For Dropping The F-Bomb In Court Is Taking His Case To The Supreme Court
(DBN)

Say What?!
(DBN)

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Judges:

In Post-Election Thaw, Senate Confirms Four Judges
(DBN)

Reports: Judge Complains of Claimed Stalker, Ends Up on Admin Leave, Facing Another Ethics Complaint
(DBN)

Judge’s bankruptcy dismissed
(DBN)

Judge of the Day: A State Judge’s Alleged Affair and Baby Mama Drama Exposed — Via Incriminating Texts
(DBN)

Sequestration will mean thousands of furloughs, possibly layoffs, at federal courts | Federal Times
(DBN)

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Wall Street:

Stock index futures signal lower Wall Street open
(DBN)

Stocks close higher after jobs report beats forecasts
(DBN)

Will 'Standing' Stand in the Supreme Court's Way? --- What They’re Saying About Supreme Court Move --- California, Here We Come
(DBN)

Wall Street Bonuses Expected To Be Lowest In Years
(DBN)

Goldman Fined for Failing to Prevent Trader's $8.3 Billion Bet
(DBN)

As 'fiscal cliff' nears, market complacency sets in
(DBN)

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Layoffs:

The Growing Skills Gap Explained
(DBN)

The employment emergency is over
(DBN)

U.S. Jobs Lost (And Gained!), In Two Graphs
(DBN)

Labor Market Plods Forward --- Four Takeaways From November’s Jobs Report
(DBN)

Millions of Long-Term Unemployed Risk Losing Benefits in 2013
(DBN)

U.S. Payroll to Population Rate Falls to 43.7% in November
(DBN)

U.S. Small-Business Owners' Hiring Intentions Plunge
(DBN)

Economists React: Employment Growth Holding Up
(DBN)

Good Jobs Report Comes with an Asterisk
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Detroit slashes jobs as bankruptcy rumors build
(DBN)

Can Detroit Get Its Groove Back? --- Detroit Bankruptcy Reality: Long, Costly Legal Skirmishes Likely, Experts Warn --- Detroit stares down bankruptcy --- Another next-to-last chance for Detroit --- Bing: 'I haven't given up' on Detroit's finances --- Detroit officially, like officially official, going into bankruptcy --- Before-And-After Pictures Of An Abandoned Detroit School --- Experts: No easy fix for Detroit
(DBN)

CA School District Owes $1 Billion On $100 Million Loan
(DBN)

Cities and pensions: Breaking a Californian taboo
(DBN)

L.A.'s Bankruptcy Plan
(DBN)

The Most Underpoliced Cities In America
(DBN)

The 10 Best US Cities To Become A Millionaire
(DBN)

Good, but not great: States find fiscal stability
(DBN)

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Aviation:

US Airways Makes AMR Merger Offer --- Details emerge on US Airways-AMR merger offer --- Americans' pilots OK contract, clearing hurdle to merger
(DBN)

American Airlines All Clear for Bankruptcy Exit
(DBN)

AMR gets bankruptcy boost as American's pilots ratify contract --- APA: Contract approval isn’t an endorsement of AA management or its plan --- APA’s Wilson: Now we’ll look to a possible merger --- JP Morgan’s Baker: Pilot deal ‘helps pave way’ for American Airlines-US Airways merger --- Maxim’s Neidl: Pilot deal mostly completes American Airlines reorganization
(DBN)

American Airlines wants to shorten time to get court approval of pilots’ contract
(DBN)

Horton sums up the past year, looks to the future
(DBN)

Govt Defaults On Equity Infusion Plan For Air India
(DBN)

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Celebs:

The Broke and the Beautiful: Post- Bankruptcy Busey Edition
(DBN)

"Deadbeat millionaire" John Stanton heads to Tampa court on tax evasion charges
(DBN)

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Photography:

Brighter Picture For Kodak
(DBN)

Court signs off on Kodak-CVS deal
(DBN)

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Politics:

Elizabeth Warren, Debtor
(DBN)

Ag Sec'y: Rural America becoming 'less and less relevant'
(DBN)

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Finance:

What I Love about Kiva.org
(DBN)

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Lehman:

Lehman Examiner Reflects on Report's Legacy
(DBN)

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Student Debt:

Grads Skirt Student Loans
(DBN)

A record $1 trillion of student-loan debt is being carried by college and grad school alums: NY Fed
(DBN)

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Economy:

As Companies Borrow More, Where Is Money Going?
(DBN)

Consumer Sentiment Tumbles
(DBN)

Consumer Spending Wobbles
(DBN)

Foodstamps Soar By Most In 16 Months: Over 1 Million Americans Enter Poverty In Last Two Months
(DBN)

IMF chief Christine Lagarde warns US of worldwide effects of fiscal cliff
(DBN)

Fed Is Likely to Sustain Its Stimulus Program
(DBN)

Minimum Tax Seen Snaring 50% in New Jersey
(DBN)

Charity groups lobby against changes to deductions
(DBN)

No Tax Increase for Many 'Wealthy' Families
(DBN)

Fiscal Cliff And Bankruptcy Court: Why Is This Familiar?
(DBN)

Fed's monetary stimulus meets 'fiscal cliff'
(DBN)

Deal or no deal, ObamaCare taxes poised to hit next month
(DBN)

Boehner: Obama wants to 'slow-walk' talks, wastes another week --- Biden: Bill could get done in 15 minutes --- Negotiating: Basketball and the Fiscal Cliff --- Boehner: I Need an Offer I Can't Refuse --- The Fiscal Cliff Isn't the Problem --- Boehner Won't Rule Out 37% Tax Rate --- Maybe the Fiscal Cliff is the Wrong Cliff --- Obama meets with Boehner on fiscal cliff: aides
(DBN)

What You Should Know about the Campaign to Fix the Debt and the CEOs Involved in Deficit Talks
(DBN)

Sen. Tom Coburn: I'm Willing to Accept Tax Increases
(DBN)

The Companies That Will Get Slammed Hardest If We Go Over The Fiscal Cliff
(DBN)

Salvation Army: Record Number Of Families In Need For Christmas
(DBN)

Goldman Sachs Is Predicting A Major Economic Turn To Happen In 2013
(DBN)

These Simple Business Lessons From 'Casablanca' Could Save The American Economy
(DBN)

Here's What Living On $1 A Day Does To The Body
(DBN)

U.S. Consumer Spending Holds Steady, Consistent With 2011
(DBN)

The Real Fiscal Risks in the United States
(DBN)

Americans’ Shrinking Debt Burden
(DBN)

Manufacturing: America's Insourcing Boom
(DBN)

Favorite tax deductions of the rich
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Bank of America Propels Young Lawyer To Fame and (Potential)Fortune
(DBN)

Countrywide motion to seal borrower info denied
(DBN)

BofA and U.S. Bancorp can be sued as WaMu bond trustees
(DBN)

Regulator needs to monitor Fannie , Freddie staff pay : watchdog
(DBN)

Obama scorecard reveals more housing improvement
(DBN)

The Mystery of Housing's Jobless Recovery
(DBN)

Mortgage Crisis Presents a New Headache for Banks
(DBN)

Homebuilders Boom as Lending Masks Uneven U.S. Recovery
(DBN)

ResCap Wants Mediator to Break Logjam in Creditor Negotiations
(DBN)

Foreclosure Settlement Paves the Way for CFPB Rulemaking on Servicing Standards --- Mortgage servicing settlement coming along: Joseph Smith
(DBN)

25 Cities Where Home Prices are Still Falling
(DBN)

The 12 Worst Housing Markets In The World
(DBN)

Number of Improving Housing Markets Surges To 201
(DBN)

BofA Cutting California Distressed Servicing Staff
(DBN)

Demand for Commercial-Mortgage Bonds Defies Expectations
(DBN)

Big Money Is Making Big Bets on Housing
(DBN)

____________

IP:

Rumor mill: Apple and Google team to buy Kodak patents
(DBN)

______________

Debt Collection:

NY: Developments in Attachment and Execution Law, and Tips for Limiting Resulting Risk
(DBN)

______________

Fraud:

Feds Tighten Belt Around Cohen's SAC With Weight Watchers Probe
(DBN)

Entrepreneur Claudio Osorio charged with defrauding investors, feds
(DBN)

______________

Alternative Energy:

China's Wanxiang wins auction for US government-backed A123
(DBN)

______________

Oil/Gas:

NY natural gas driller files for bankruptcy
(DBN)

The natural gas revolution reversing LNG tanker trade
(DBN)

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Media:

The end of Trib's bankruptcy means new legal pain for shareholders
(DBN)

______________

Resorts:

OK given to market Sno Mountain resort
(DBN)

______________

Brokers:

Auction nets $1 million for Wasendorf victims
(DBN)

______________

Autos:

Fisker expects to partner with automakers
(DBN)

Fisker Hires Investment Bank to Help Raise Funds
(DBN)

______________

Tobacco:

Trustee for Renegade asks judge to reconsider excise-tax ruling
(DBN)

______________

Religion:

Raleigh church files for Chapter 11 bankruptcy
(DBN)

Parishes excluded from archdiocese bankruptcy --- The Opinion
(DBN)

______________

Museums:

No-show anonymous donor is bad news for National Slavery Museum
(DBN)

Fredericksburg plans to sell slavery museum land
(DBN)

______________

Banking:

Crisis-Era Measure Nears End
(DBN)

FDIC files second D&O lawsuit in Florida
(DBN)

JPMorgan Said to Ask Staff to Help Fund U.K. Tax Settlement
(DBN)

Jury Sides With FDIC in Lawsuit against Former IndyMac Execs --- $169 million
(DBN)

FDIC: Problem bank list drops below 700
(DBN)

Unofficial Problem Bank list declines to 849 Institutions
(DBN)

US, U.K. unveil failing banks plan --- US, UK bank seizure plans focus on absorbing losses - regulators
(DBN)

Next Major Bank Failure—Bond Holders Better Watch Out
(DBN)

Credit Union To Forgive Loans If World Ends
(DBN)

______________

Health Care:

Bankrupt B'klyn hosp rehires 'mismanagement' team
(DBN)

St. Mary's Regional Medical Center in Maine to Cut Jobs
(DBN)

______________

Defaults:

Corporate defaults rise amid record bond issues
(DBN)

______________

Corporate Reform:

Spitzer Blames Regulators, Not Regulatory Laws, for Failing to Stop Financial Crisis
(DBN)

______________

Turnarounds:

New at the top: A new mission for a veteran of the corporate turnaround
(DBN)

______________

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 (41 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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:

Bankruptcy Week Ahead
(DBN)

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Bankruptcy Statistics:

Double-digit decline in WNY bankruptcy cases
(DBN)

The Last U.S. Bankruptcy Filing -- October 11, 2018
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Reform:

LSTA wary of bankruptcy reform commission
(DBN)

______________

Bankruptcy Humor:

'SNL': Ding Dong Expresses Frustration Over Hostess Bankruptcy :)
(DBN)

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Plan Confirmation:

When It Comes to Cramdown Interest Rate, Court Rules that Prime Rate is Not So Prime
(DBN)

______________

Cross-Border:

Fifth Circuit's Vitro Decision Frames Basis For Relief In Cross-Border Reorganizations
(DBN)

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Recent Pleadings:

 

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Litigation:

Law firm e-discovery reaches crossroad
(DBN)

Technology-Assisted Review From the Plaintiffs' Side
(DBN)

Rolling the Dice on Legal Hold and Self-Collection: Not Worth the Risk
(DBN)

______________

Food/Beverage:

Will Twinkie be saved? Massachusetts accountant submits bid for Hostess in four-page handwritten letter
(DBN)

The Fight To Buy Hostess: Main Street vs Wall Street
(DBN)

Hostess Seeks Third Extension of Plan Exclusivity
(DBN)

Video: Ding Dong Visits SNL To Complain About Being Second Fiddle To The Twinkie
(DBN)

Hostess Maneuver Deprived Pension
(DBN)

Pellegrino's loses PACA license in consent decision
(DBN)

______________

Equipment Rentals:

Ahern creditors can submit reorganization plans
(DBN)

______________

Weather:

$60.4 billion Hurricane Sandy disaster aid request --- Some Firms Return to Downtown While Others Brace for More Delay
(DBN)

US Drought Could Be Costlier Than Hurricane Sandy
(DBN)

______________

Corporate Governance:

How to Remove an 'Unfit' Director
(DBN)

Bankruptcy court says no to trustee's request to dissolve LLC
(DBN)

______________

M&A:

PwC Says Fundamentals are Strong for U.S. M&A Activity in 2013
(DBN)

______________

Pensions:

Pension Plans Even Worse Off Than Sponsors Thought
(DBN)

How Much You Will Get if Your Pension Fails
(DBN)

______________

Distressed Investing:

Two Great Interviews with Two Distressed Fund Managers
(DBN)

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Sovereigns:

The vicious cycle of international debt
(DBN)

______________

UK:

New rules help bankrupt access financial services
(DBN)

Law change bankrupts creditors raiding banks lost cash
(DBN)

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EU:

Goldman: EU Recession to Go Deeper in 2013
(DBN)

______________

PIIGS:

The Dramatic Collapse Of Greece's Healthcare System --- Greek Rescue to Go Ahead As Bond Buyback Hits Target --- Greece Extends Debt Buyback Deadline After Nearing Target --- Is Greece in default again? --- Athens may ask for additional buyback offers
(DBN)

ie: Property tax and the receiver
(DBN)

Spanish Bailout Caution Grows as Business Lobbies Back Rajoy --- Spain says slump in 2012 not as bad as feared
(DBN)

Italian Prime Minister: I Will Quit Over Crisis --- Berlusconi, Disgraced, Wants His Old PM Job Back --- Berlusconi's Back: Italian Banks and Bonds in Trouble
(DBN)

______________

Canada:

Insolvency v. Environmental Legislation - Still A Lot of Clean Up to Do
(DBN)

Province loses bid to force Abitibi to clean up contamination
(DBN)

NL shouldn't pay for $100M mill cleanup, say residents
(DBN)

Nova Scotia apple producer forced into bankruptcy
(DBN)

______________

Germany:

German insolvency laws continue to facilitate out-of-court restructurings: German legislation resolves to permanently apply current restructuring friendly overindebtedness regime
(DBN)

Germany May be in Recession in 2013
(DBN)

German Stocks Decline on Monti Exit, Greek Buyback Delay
(DBN)

______________

China:

China CPI inflation rose to 2.0% yoy in November
(DBN)

Why China's super-rich are packing up and moving abroad
(DBN)

China's Imports And Exports Slow Way More Than Expected
(DBN)

China May Be Set To Become World's Next Rust Belt
(DBN)

______________

France:

The French Really Are Les Misérables
(DBN)

______________

Japan:

Japan falls into recession
(DBN)

______________

Australia:

Banksia may have been insolvent before collapse: receivers
(DBN)

______________

Malaysia:

MCA backs amendments to Bankruptcy Act
(DBN)

______________

MENA:

Egypt Leader Fails to Blunt Opposition
(DBN)

Court to Shani: Pay bankruptcy debts or go to jail
(DBN)

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Copyright 2012