December 11, 2012

The Daily Bankruptcy News

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Law:

Consultant Sees More Law Firm Mergers Ahead; $2B Club to Double in Size?
(DBN)

Gibson Dunn, Shearman & Sterling: Business of Law
(DBN)

Bonus Watch: Kaye Scholer Rewards Big Billers
(DBN)

Bonus Watch: Davis Polk and MoFo (New York)
(DBN)

5 Richest Lawyers In America
(DBN)

Will Gen Y "Feminize" Big Law?
(DBN)

Linklaters: A Short Story
(DBN)

Weil billings on MF Global reach £15m with £2m for Norton Rose
(DBN)

Cleary, CC and Links act on €10bn Greece bond buyback scheme
(DBN)

Law Professor Gets In The Holiday Spirit With The Grinchiest Job Posting We've Seen Yet
(DBN)

Quote of the Day: Don’t Be the Black Sheep of Law Schools When It Comes to Transparency
(DBN)

Who Are the 25 Most Influential People in Legal Education?
(DBN)

Law Student Wins Krispy Kreme Doughnuts for a Year and Wonders: What Are the Tax Consequences?
(DBN)

NY: Eight Law Schools Post Lower Bar Pass Rates
(DBN)

The Coming Death Of Law Reviews
(DBN)

Lawyers Who Are Cheering An Economic Turnaround Might Be Totally Delusional
(DBN)

Merger Mania: Global Ambitions Drive Cross-Border Expansions
(DBN)

Levey Leads HSBC In U.S. Settlement Talks
(DBN)

The Ultimate Small Law Gift Guide (Even If You’re Cheap)
(DBN)

One-Year Suspension Warns Lawyers to Keep Prospective Clients’ Secrets Secret
(DBN)

Legal Outsourcing – By the Numbers
(DBN)

Contingent Fees Earned After Firm Breakup Belong to Entity, Not to Individual Lawyers
(DBN)

Banks' Rising Legal Bills
(DBN)

Once Lawyers in Love, Divorced Couple Continues to Run Law Firm
(DBN)

Strauss-Kahn and Hotel Maid Settle Lawsuit
(DBN)

Lanier Christmas spectacular features superstars
(DBN)

Police Need Help To Identify Man Who Fell From The Sky
(DBN)

Ex-Neighbor Convicted of Plot to Murder Prosecutor
(DBN)

Lawyer pleads guilty in office m----------- case
(DBN)

Judge gives man 3 days in jail for wearing saggy pants in court
(DBN)

Say What?!
(DBN)

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Judges:

Court system braces for layoffs as clock on fiscal crisis ticks
(DBN)

Hearing Board Seeks to Keep Yelling Judge Off Bench, Notes His Angry Glare During Hearing
(DBN)

A Conservative Supreme Court Justice Worked For Gay Rights Activists
(DBN)

Jury Tells Judge of Member’s Web Research in Murder Case; Alternate Is Seated for New Deliberations
(DBN)

Roberts' rebukes of SG's office: pattern or not?
(DBN)

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Wall Street:

US stocks rise on hopes for fiscal-cliff talks
(DBN)

Stocks close with modest gains
(DBN)

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Layoffs:

WebMD to announce "massive" layoffs Tuesday
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Education:

Court Rules in Favor of Defunct Decker College, Again
(DBN)

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Municipalities:

Emergency Financial Manager Is a Real Possibility for Detroit
(DBN)

Detroit's finances worsening, emergency financial manager the next step, advisory board says
(DBN)

Detroit: Bankruptcy Proceedings may be inevitable
(DBN)

Detroit oversight board signals support for state review of city
(DBN)

Replacement emergency manager law would be immune from Michigan voter referendum
(DBN)

California Dreaming? CalPERS Seeks Payment in Full of All Pension Obligations During Pendency of San Bernardino’s Chapter 9 Case
(DBN)

San Bernardino's bankruptcy case becomes a battle of titans
(DBN)

Bondholders object to CalPERS' plans to sue San Bernardino
(DBN)

JeffCo Commissioners return to New York in bankruptcy dealings
(DBN)

The States With The Most Hate Crimes
(DBN)

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Bankruptcy Crimes:

Lawrenceville couple pleads guilty to bankruptcy fraud
(DBN)

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Compensation:

Spotlight on big paychecks at Fannie and Freddie, again
(DBN)

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Photography:

CVS allowed to keep Kodak kiosks in its stores
(DBN)

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Banking:

Failing Banks’ Shareholders to Take Losses in U.S.-U.K. Plan
(DBN)

HSBC Said to Pay at Least $1.9 Billion in US Probe
(DBN)

Banking Industry Squirms Over European Rate Probe
(DBN)

Bank of America is Becoming Inflexible on Flex Time
(DBN)

Standard Chartered to pay $327 mln to resolve U.S. case
(DBN)

The Cost of Making Big Banks Safe
(DBN)

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Economy:

Fed meets: More bond buying on way?
(DBN)

'Cliff' Talk Failure Could Set Off Market Panic --- White House optimistic about cliff deal --- The Market Isn't Impressed With The New Stories About The Fiscal Cliff --- GOP Wants to Move Beyond Tax Rate Fight --- Bowles, Simpson: Cliff Talks Degenerating
(DBN)

Report sees global middle class growing, Islamist terrorism subsiding by 2030
(DBN)

China Nabs Airplanes and Batteries in Latest U.S. Shopping
(DBN)

Modest Job Growth, Less Take-Home Pay Is Recipe for Depressed Consumer
(DBN)

Treasury's to Embark on Fifth AIG Offering This Year --- Top court rejects taxpayer challenge to AIG bailout
(DBN)

Goldman's Top Economist Explains The World's Most Important Chart, And His Big Call For The US Economy
(DBN)

Paul Krugman Is Very Concerned About The Ominous Threat Posed By Robots
(DBN)

Corker: Just Raise Taxes on the Rich Already
(DBN)

U.S. Intelligence Agencies See a Different World in 2030
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Obama Housing Official to Join Wells Fargo
(DBN)

Freddie Mac: Mortgage Rates to Stay Low, Property Values to Rise in 2013
(DBN)

White House Seeking New Regulator for Fannie, Freddie
(DBN)

French appeals court weighs Michael and Linda Mastros' medical condition
(DBN)

Fredricksburg developers file for bankruptcy protection
(DBN)

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Aviation:

Merger Decision Coming Soon, AMR CEO Says
(DBN)

American Airlines' CEO says merger would delay takeoff from bankruptcy court
(DBN)

American Airlines is poised to get it all right
(DBN)

AMR Open to Funding Bankruptcy Exit With Private Equity
(DBN)

Court Denies Pinnacle Airlines’ Motion to Reject Collective Bargaining Agreement: Outlines Potential Resolution
(DBN)

Deripaska's Kuban Airlines Stops Flights After Bankruptcy Filed
(DBN)

Things You Can't Do on a Plane: Vol. 27
(DBN)

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Autos:

Could General Motors Be Headed For Bankruptcy This Week?
(DBN)

Meltdown of Subsidized Battery Maker Zaps Obama Detroit Visit
(DBN)

Republican lawmakers question A123 Systems sale to China's Wanxiang Group
(DBN)

A123 Systems sale still a raw deal to some
(DBN)

Johnson Controls Still Eying A123 Despite Auction Loss
(DBN)

US says will not give battery maker A123 rest of grant --- $249 million federal grant for A123 cut in half
(DBN)

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Steel:

Vulcan Steel files Chapter 11
(DBN)

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Food/Beverage:

Hostess pension contributions used for day-to-day operations
(DBN)

Main Street's Underdog Fight To Buy Hostess
(DBN)

Hostess wants to hire, borrow $30 million from Hilco
(DBN)

Baristas Offers to Acquire "Tully's"
(DBN)

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Fraud:

4 years in, Madoff trustee still pursuing assets
(DBN)

Lenders to Pay $30MM Settlement to Le-Nature's Trustee
(DBN)

The Fine Line Between Legal, and Illegal, Insider Trading
(DBN)

Insider-Trading Probe Widens
(DBN)

Wall Street Trader Turned FBI Spy
(DBN)

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Corporate Reform:

CFPB faces budget cuts in face of looming fiscal cliff
(DBN)

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Software:

Lawyer says Goldman failed speech software 'geniuses' --- Judge muzzles Goldman, lawyers at Dragon speech recognition trial
(DBN)

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Electricity:

Dynegy Announces Results of Roseton and Danskammer Auction
(DBN)

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Storage:

RoboVault owner seeks protective order
(DBN)

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Telecoms:

US mobile operators pay for FiberTower workers' salary raises
(DBN)

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Alternative Energy:

Critics Fight To Block A123 Sale To Chinese Firm
(DBN)

______________

Bankruptcy Crimes:

Man admits hiding settlement in bankruptcy case
(DBN)

______________

Equipment Rental:

Judge to Allow Competing Reorganization Plans in Ahern Rentals Bankruptcy Case
(DBN)

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Construction:

TX: Coastal Bend highway projects could be delayed by bankruptcy
(DBN)

Construction company bankruptcy brings little relief to road construction delays
(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 (67 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Recent Pleadings:

Howrey Creditors Committee Seeks To Disqualify Former Committee Counsel - Pursuing Class Action On Behalf of Former Partners - Allegedly Wants To: "Put The Whole Sordid Story Of What Happened" In Public Eye
(DBN)

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Bankruptcy Reform:

Bankruptcy Reform Panel Eyes Updates to Ch. 11
(DBN)

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IP:

US top court won't consider fate of trademarks in bankruptcy
(DBN)

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Cross-Border:

Bankruptcy. Comity. Foreign Blocking Statutes.
(DBN)

Vitro Decision and the Relationship between Sections 1507 and 1521 of the Bankruptcy Code"> A Framework for Comity: The Fifth Circuit’s Vitro Decision and the Relationship between Sections 1507 and 1521 of the Bankruptcy Code
(DBN)

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Avoidance Actions:

Ninth Circuit Rules That Bankruptcy Courts Can’t Enter Final Judgments in Fraudulent Transfer Actions
(DBN)

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Automatic Stay:

Eighth Circuit Holds the Automatic Stay does not Apply to Actions Against Entities Controlled by Debtor’s Principals
(DBN)

District court holds that a bankruptcy action’s automatic stay, and the bankruptcy's court's power to enjoin violations of the stay, applied extraterritorially
(DBN)

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Non-Profits:

Pledges By Debtors To Nonprofits May Not Be Enforceable
(DBN)

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Awards:

AlixPartners ' Michelle Repko Named to Board of IWIRC's New York Chapter
(DBN)

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Mass Torts:

Pfizer asks Supreme Court to disallow bankruptcy-related asbestos suits
(DBN)

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Health Care:

LifeCare Holdings Files for Bankruptcy Protection
(DBN)

Health care law surprise: $63 per-person fee for three years
(DBN)

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Accounting:

PCAOB Says Staffing, Training Among Root Causes for Audit Deficiencies
(DBN)

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Pensions:

Corporate Pensions on Pace to Hit Year-end Deficit Record
(DBN)

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Religion:

$35 million in parish investment funds off the table in sex abuse case --- The Opinion
(DBN)

Secret Files on LA Priests Could Soon be Public
(DBN)

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Corporate Reform:

HSBC to pay record $1.9 billion US fine in money laundering case
(DBN)

New SEC Chair Elisse Walter in the Hot Seat
(DBN)

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Fashion:

'Meggings' Are Taking Manhattan By Storm --- Meggings Are Real, And You Can Buy Them Today
(DBN)

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Celebs:

Pam Anderson Debt Of $370,000: Could She Lose Everything To Tax Liens?
(DBN)

Now We Know How Allen Iverson Managed To Go Broke
(DBN)

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Orchestras:

Orchestra Nova files for bankruptcy
(DBN)

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UK:

Former Insolvency Service employee handed prison sentence
(DBN)

Top-down approach to UK bank seizures needs work-lobby group
(DBN)

______________

EU:

Europe backs Monti reforms as Italy crisis hits markets
(DBN)

______________

PIIGS:

Berlusconi says Monti 'too German'
(DBN)

______________

Canada:

Source of high-flying bankrupt’s legal support privileged, appeal court rules
(DBN)

Provinces as creditors for remediation costs
(DBN)

______________

Germany:

German Investor Confidence Jumps to 7-Month High
(DBN)

______________

Mexico:

Mexico: Insolvency & Restructuring
(DBN)

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Copyright 2012