December 12, 2012

The Daily Bankruptcy News

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Law:

Thoughts on Making Partner (Part 2)– The Financial
(DBN)

Law Student Is Shot and Killed in Midtown Manhattan --- ‘Whacked’ In Midtown Manhattan --- The hit happened w/o the meal --- Suspect Sought in Law Student Slaying; Video Captured Apparently Targeted NYC Shooting
(DBN)

Abe Lincoln's Best Advice For Young Lawyers
(DBN)

Cravath, Gibson Dunn, Simpson, Foley: Business of Law
(DBN)

Clifford Chance, Debevoise, Kaye Scholer: Business of Law
(DBN)

Three for 2013: #1 The Team
(DBN)

If You Build It, They Will Come: How one client is achieving lower-cost unbundling
(DBN)

University of Denver’s Sturm College of Law gets $2.25M gift
(DBN)

Law School Dean: Using full-time, long-term positions where bar passage is required as a standard to measure success is "grossly misleading"
(DBN)

An Open Letter to Law School Deans
(DBN)

AALS Sanctions Villanova
(DBN)

Fallen Dean's Life, Contradictory to Its Grisly End
(DBN)

Arizona Supreme Court to allow 3Ls to sit for the bar
(DBN)

How to Land a Legal Job When You're at the Bottom of Your Class
(DBN)

Law School Transparency: Friendly reminder --- Supply or demand?
(DBN)

Blogger critical of law school fights to stay anonymous
(DBN)

America’s Richest Lawyers Don’t Practice Law
(DBN)

You Don't Have To Quit Lawyering To Have A Life: 5 Steps To A Virtual Practice
(DBN)

More Women Are Doctors and Lawyers Than Ever—but Progress Is Stalling
(DBN)

Munger's New Partners Class Is 75 Percent Women of Color
(DBN)

Gradenfreude: Some Holiday Gifts for the Unemployed or Underemployed Law School Graduate
(DBN)

Former Dreier Partner Has Big Plans For New Firm
(DBN)

Brushing Off the Barristers
(DBN)

UK: Trainee retention rates dip in 2012 as post-recession recovery falters
(DBN)

New Partner Watch: The Quinn Emanuel Ten
(DBN)

Frustrated Lawyer Hangs His Own Shingle and Finds Meaning in His Work
(DBN)

In slashing fees, federal judge calls out-of-state request 'troublesome'
(DBN)

Judge Muzzles Lawyers as Dragon Founders' Goldman Trial Gets Underway
(DBN)

Nossaman Scores $169 Million Verdict in FDIC's Case Against IndyMac Execs
(DBN)

Top 6 Tech Issues of 2012 for In-House Counsel
(DBN)

Secure Your Web Travels With These 5 Online Tools
(DBN)

FedEx Overcharged Business Customers For Years?
(DBN)

Dizzying $9 Million Suit Against Attorney
(DBN)

‘Festivus Pole’ Featuring Beer Cans Goes Up, with City’s OK, Next to Traditional Nativity Scene
(DBN)

Trial Lawyer Convicted with 6 Others in ‘Outlaw Biker’ Federal Racketeering Case
(DBN)

Lawsuit claims A&E's 'Storage Wars' show is rigged
(DBN)

Gallup: Sixty-Four Percent Of Americans Want Obama Administration To End Crackdown On Marijuana
(DBN)

Seventh Circuit invalidates an Illinois law forbidding most people from carrying a loaded gun in public
(DBN)

DIY law firms light up India's legal industry
(DBN)

Say What?!
(DBN)

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Judges:

Scalia Defends Controversial Opinions About Gays At Princeton --- Justice Scalia still equates homosexuality with murder --- Scalia on the Constitution: "It's dead, dead, dead, dead."
(DBN)

It's Time for Justice Kennedy to Make History
(DBN)

Attorneys: Orie Melvin shouldn't face criminal charges
(DBN)

Board Recommends Judge’s Suspension Until 2016 In Part Based On His Demeanor In Disciplinary Hearing
(DBN)

Fiscal Cliff Could Force Federal Courts to Lay Off 2,000 Employees --- Courts Poised to Tumble Off Fiscal Cliff
(DBN)

In Upcoming Memoir, Sotomayor Tells How Fear of Early Death Affected Motherhood Decision --- The occasional regret of Sotomayor
(DBN)

Judge of the Day: Sua Sponte Holiday Continuance
(DBN)

Judge Posner on the Decline of the "Professional" Model and the Rise of the "Business" Model in Big Law Firms
(DBN)

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Wall Street:

Stock futures edge higher, focus on Fed
(DBN)

Stocks Close Higher Tuesday
(DBN)

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Layoffs:

Women equal men in jobs recovery
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Bankruptcy Crimes:

Illinois couple admits bankruptcy fraud
(DBN)

Two Southern California Women Sentenced for Bankruptcy Fraud
(DBN)

Tamaroa man pleads guilty the bankruptcy fraud
(DBN)

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Tax:

Bankruptcy Trustee Selling Jack Brown Tax Service
(DBN)

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Food/Beverage:

Jewel says it has 'last' shipment of Twinkies --- Twinkie madness grips Chicago as Hostess ' last shipment hits shelves
(DBN)

Hostess Responds To Pension Misuse Reports
(DBN)

Quasi-Accountant Makes Bid to Save the Twinkie
(DBN)

Utah’s Lehi Roller Mills files Chapter 11 bankruptcy
(DBN)

America's Disappearing Restaurant Chains
(DBN)

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Autos:

Fisker Cuts Workforce
(DBN)

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Education:

Can an Texas Attorney General investigation into missing money cost Lon Morris College even more money?
(DBN)

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Alternative Energy:

A123's Latest Twist Into Business History: Wanxiang Buy Out, Minus Government Business
(DBN)

A123 creditors back sale to Chinese company
(DBN)

Court OKs sale of US govt-backed A123 to Chinese firm
(DBN)

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Hotels:

Blackstone Adds to Hotel Haul with Eagle Foreclosure
(DBN)

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Corporate Reform:

SOX Section 304 Clawback Suit Against Former Executives Not Charged with Personal Misconduct Survives Motionto Dismiss
(DBN)

The CFPB Begins Knocking on Doors
(DBN)

Criminal charges aren't corporate death sentences
(DBN)

CFPB: Starting today sharing consumer complaint data with state agencies
(DBN)

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Debt Collection:

Liquidating Illiquid Collateral
(DBN)

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Economy:

All Eyes Are on the Fed, but 'Fiscal Cliff' Looms Larger
(DBN)

Purchasing Managers See Further Expansion in 2013
(DBN)

U.S. Wholesale Inventories Increase
(DBN)

Fed’s Balance Sheet Expands
(DBN)

U.S. Economic Confidence Continues Post-Election Fade --- Optimism Most Since ’09 as Poll Shows Americans Pessimist
(DBN)

Estate tax: Super wealthy want to pay more
(DBN)

As the taxpayer is set to finally sell his last shares of AIG,here’s a look back at life of the investment --- AIG’s Benmosche Thanks American Taxpayer For, You Know, Everything --- How the Treasury Gets to $22.7 Billion in AIG Profits --- Barofsky: There Are A Few Accounting 'Irregularities' With The AIG Deal You Should Know About
(DBN)

'Obamacare,' fiscal cliff leads to small business optimism plunge --- There's Not A Single Spending Cut That Republican Voters Support
(DBN)

Boehner Calls for Details From Obama
(DBN)

There's Not A Single Spending Cut That Republican Voters Support
(DBN)

The White House Makes A Fiscal Cliff Tax Move Designed To Further Isolate Republicans
(DBN)

The Bitter Fight That Still Might Take Us Over the Fiscal Cliff
(DBN)

U.S. Investors Grow More Pessimistic as Fiscal Cliff Looms
(DBN)

Hoyer: Leave Debt Limit Out of Fiscal Cliff Talks
(DBN)

Assassination and Bankruptcy
(DBN)

Countries With The Smartest Kids
(DBN)

Hedge Funds Are Buying Into This Market While Mom And Pop Are Selling At The Fastest Pace In 19 Months
(DBN)

Weak US exports, imports signal tepid growth
(DBN)

Megatrends: The 6 Gamechangers That Will Change The World In The Next Decades
(DBN)

McDonald’s $8.25 Man and $8.75 Million CEO Shows Pay Gap
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

The Home Foreclosure Wave That Wasn't
(DBN)

Cities Where You Can Buy A Foreclosed Home For Half Price
(DBN)

US Mortgage Applications Rise in Latest Week; Rates Fall
(DBN)

CFPB Cracks Down on National Mortgage Scams, Marketing
(DBN)

BofA Seeks to Knock Out MBIA Claims Tied to Countrywide
(DBN)

Bank's 'Greed Seems to Have No Bounds'
(DBN)

Camden: Developer's bankruptcy case settled
(DBN)

Albany: Developer trying to unload properties to satisfy creditors
(DBN)

Chris Christie Greases the Foreclosure Wheel
(DBN)

Fifth Third Bank to Suspend Evictions during Holiday Season
(DBN)

IndyMac Hands Round One To FDIC
(DBN)

The Foreclosed Fight Back
(DBN)

No, risky mortgage lending didn't cause the financial crisis
(DBN)

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Media:

Tribune Looks at Sale of Newspapers as It Exits Bankruptcy
(DBN)

Freedom Communications wants Chicago Tribune
(DBN)

Buffett Is Latest Billionaire to Struggle With Newspaper Revival
(DBN)

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Health Care:

LifeCare Holdings files for Chapter 11 protection as part of acquisition deal
(DBN)

Former CEO seeks involuntary bankruptcy for Vicor Technologies
(DBN)

Judge Nixes Ex-Con’s Effort to Gain Cancer Care by Shoplifting, Arranges Another Health Plan
(DBN)

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Banking:

HSBC to spend $700m vetting clients
(DBN)

HSBC Mexican Branches Said to Be Traffickers’ Favorites
(DBN)

Why clients will shrug off HSBC's misdeeds
(DBN)

DOJ Faces Tough Questions Over HSBC Deferred Prosecution
(DBN)

HSBC mega-fine signals beefed up prosecution stance
(DBN)

Feds, on anti-money laundering push, reportedly settle with banks for $2.2B
(DBN)

Bank of America voted least popular; satisfaction at 11-year low
(DBN)

First arrests in Libor manipulation case
(DBN)

Banks stressed about stress tests
(DBN)

FDIC report: N.Y. commercial bank net income decreases as banks face profitability challenges
(DBN)

US firms to reduce bank balances if TAG program expires --- State treasurers urge Congress, White House to pass TAG extension
(DBN)

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Aviation:

US Airways pilots to join merger talks, too
(DBN)

How do we interpret the involvement of the American Airlines and US Airways pilot unions?
(DBN)

American says it invited pilots union to get involved in merger talks
(DBN)

Bob Crandall says US Airways-American Airlines merger is ‘doable,’ but Clifford Winston wonders whether American should take that course
(DBN)

APA will join US Airways-American Airlines merger talks
(DBN)

Horton: My team deserves to lead the company even after merger
(DBN)

Etihad 'buys stake in debt-ridden Indian carrier Kingfisher'
(DBN)

Scandinavian carrier SAS posts steep full-year loss
(DBN)

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Municipalities:

Bond insurers tee up constitutional showdown with Calpers --- San Bernardino asks to rebuff CalPERS suit --- Calpers Bankruptcy Strategy Pits Retirees vs. All Others
(DBN)

State says bankruptcy not option for Scranton
(DBN)

Stockton: Bittersweet end to city's rockiest year
(DBN)

Detroit City Council approves controversial Miller Canfield law contract --- Council approves 5 key measures, hopes to avert emergency financial manager
(DBN)

Why More States May Adopt Right-to-Work Laws
(DBN)

The 10 dirtiest cities in America
(DBN)

The Unhealthiest States In America
(DBN)

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Pensions:

DOL Proposes Streamlining Bankrupt Companies' Plan Distributions
(DBN)

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Mass Torts:

U.S. Chamber Applauds Passage of Landmark Ohio Bill Curbing “Double Dip” Asbestos Claims
(DBN)

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Distressed Investing:

Siguler Guff May Raise Second Distressed Property Fund
(DBN)

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Brokers:

Former MF Global trader pleads guilty in $141 mln trading loss
(DBN)

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Credit Reporting:

Defamatory Statements to Credit Reporting Agencies Held Not Preempted by FCRA
(DBN)

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Private Equity:

Investment Funds Not Liable For Portfolio Company's Underfunded Pension Liability
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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:

November Bankruptcy Filings Down 12 Percent over Previous Year
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Involuntary Bankruptcy:

Noteholders Shatter Vitro Subsidiaries in Texas
(DBN)

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Safe Harbors:

SDNY Finds Direct Payments To Shareholders In A LBO Are Safe Harbored Under Section 546(E)Of The Bankruptcy Code
(DBN)

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TBTF:

The Hidden Value in Recovery and Resolution Planning
(DBN)

Too big to fail often means too big for jail
(DBN)

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Utilities:

Recent Bankruptcy Case Law Affecting Utility Providers
(DBN)

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Insurance:

Will insurers have to fund FDIC's $168 million win vs IndyMac officers?
(DBN)

Triad Guaranty taken over by Illinois regulator
(DBN)

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Autos:

Fisker Automotive rules out bankruptcy , looks to Wall Street
(DBN)

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Personal Finance:

The Economics of Saying 'I Do'
(DBN)

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Fraud:

Indirect Investors Still ‘In The Cold’ --- Madoff Investors Entitled Only to Recovery of Real Losses, Panel Says
(DBN)

Madoff Scandal Still Haunts Victims
(DBN)

BofA’s Suit Over Taylor Bean Fraud Allowed by Judge to Proceed
(DBN)

SAC Footing the Legal Bill for Possible Cooperator Against Steve Cohen
(DBN)

Fund Managers Were Links in ‘Corrupt Chain,’ U.S. Says
(DBN)

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Politics:

President Elizabeth Warren
(DBN)

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Software:

Goldman lawyer says bank not liable for Dragon founders' losses
(DBN)

Goldman Says Due Diligence ‘Not Our Job’ in Dragon Sale
(DBN)

Goldman Sachs attorney defends firm in Dragon trial
(DBN)

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Mass Torts:

Asbestos bill goes to Ohio governor
(DBN)

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Corporate Governance:

Is FDIC v. Van Dellem California’s Smith v. Van Gorkom?
(DBN)

Corporate America's future male leaders don't really believe in gender equality
(DBN)

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Sovereigns:

Putting the E(lliot)in Sovereign Debt Enforcement...
(DBN)

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Sovereigns:

Argentina debt case weakens incentives to settle
(DBN)

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UK:

JPMorgan to agree £500m tax settlement
(DBN)

Dozens Of Police and Prosecutors Raid Top Firm's HQ, Bank Said Dismissing Traders
(DBN)

Northern Rock AM to refund 270 mln stg to customers
(DBN)

Losses racked up at taxi maker before admin
(DBN)

259 jobs go as Drive Assist UK enters administration
(DBN)

G24 Innovations calls in the administrators
(DBN)

UK Unemployment Falls as Labor Market Stays Resilient
(DBN)

Begbies Traynor hit by less insolvencies
(DBN)

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EU:

Analysis of Chancellor Merkel Euro Crisis Approach
(DBN)

Horrible European production industrial chart
(DBN)

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PIIGS:

Greek buyback deadline extension to woo more participants --- Greece wants extra funds to buy back all bonds offered --- Greece’s lenders left to plug 450 mln euro hole after buyback --- Huge Rally Happening In Greek Debt --- World Bank providing Greece with expertise, not loans, says Kim
(DBN)

Spain Announces Plan to Freeze Foreclosures for Two Years
(DBN)

Italy police search Parmalat, Lactalis in US deal probe --- Italy’s Clown Prince: Monti ‘Needs to Disappear’
(DBN)

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Canada:

Canada Racks up Three Consecutive Quarters of Falling Home Prices
(DBN)

Toronto: The Epicenter Of The Gigantic Canadian Housing Bubble
(DBN)

Sino-Forest's restructuring plan gets court nod
(DBN)

Deutsche Bank Didn't "Ignore" Losses of LSS Trade, It Went Through the Mother of All Canadian Restructurings
(DBN)

Problem of debt load piles up as experts urge people to 'buy what they can afford'
(DBN)

Cleanup bills? No problem — become insolvent
(DBN)

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France:

France's Financial Crackdown Is Falling Flat
(DBN)

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China:

Investors Take To The Streets In China As 'Ponzi' Wealth Management Products Fail To Pay Out As Promised
(DBN)

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Cyprus:

In exchange for un-needed bank bailout, Cyprus gives up its sovereignty
(DBN)

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Australia:

Prior consideration is enough for the good faith defence
(DBN)

Alarm bells went off for auditors in March last year when Retail Adventures recorded a $55 million loss
(DBN)

Debt Collection in Australia
(DBN)

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India:

S&P issues another downgrade warning
(DBN)

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Copyright 2012