December 14, 2012

The Daily Bankruptcy News

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Law:

Bonus Watch: Clifford Chance
(DBN)

The Aftermath of Urging Law Firms Not to Send Out Price-Increase Letters
(DBN)

Some US law firms maneuver to avoid 2013 tax hit
(DBN)

Women associate employment numbers are flat for third year --- ‘Significant and Troubling Trend’ --- Major firms join influential 30% Club initiative to boost female partners --- Focus on talent not diversity to increase female partner numbers, says 30% Club
(DBN)

Survey of GC Pay Finds Higher Salaries, Lower Bonuses
(DBN)

Why Pricing Billable Work May Be Too Important to Leave to the Lawyers
(DBN)

Law's Macho Mystique
(DBN)

DLA Piper expands German restructuring practice
(DBN)

Senior Deutsche Bank lawyer jailed in raids
(DBN)

Law Profs' Raucous Party In The Middle Of Exams Angers Students
(DBN)

Law School Transparency: Applications to law school are collapsing
---- 22% Decline in Total Applicants in November 2012
(DBN)

How the Hell Will You Pay Your Law School Loan Debt After You’ve Been Kicked Off Income-Based Repayment?
(DBN)

The Managing Partner On Billing Time
(DBN)

From Biglaw to Boutique: Bad Hires
(DBN)

When it isn't fun anymore
(DBN)

New Service To Help Lawyers get Hired
(DBN)

UK: Firm of the Year update: stellar scores for Shearman despite loo issues
(DBN)

UK: Law firms suffer worst quarter since 2010
(DBN)

Glamorous Solicitor 2012: Round II
(DBN)

Best Productivity Apps 2012
(DBN)

iPads in Deepwater --- Why I don’t use iPhone or iPad cases—and what I use instead --- Office no longer an iOS must-have, unless you're Microsoft
(DBN)

The Top 10 Free Apps Of The Year, According To Apple
(DBN)

Review: TouchTax -- IRS Code and Treasury Regulations on your iPhone or iPad
(DBN)

Get Reveal Codes in Microsoft Word with CrossEyes
(DBN)

Time. The Ultimate Social Media Buzz Killer
(DBN)

Lawyer hasn't given up on suing the 'cash cow' legal industry
(DBN)

"Professionalism and civility are not optional behaviors to be displayed only when one is having a good day"
(DBN)

UK: Insurance company set for law firm acquisition
(DBN)

‘I Naïvely Believed That If I Performed Well I Would Be Rewarded Accordingly’
(DBN)

Congratulations to the 2013 Skadden Fellows
(DBN)

Man Arrested for Carving Pentagram on Son
(DBN)

Lawyer Plans Court Challenge to $40 Speeding Ticket, Says Camera Shows His Car Was Stationary
(DBN)

Software Developer McAfee Back in US
(DBN)

The 10 Worst Lawyerly Secret Santa Gifts
(DBN)

Confirmed: The US Government Can Amass Data On Any US Citizen In The Name Of Counterterrorism
(DBN)

Ex-Partner of NJ Law Firm Admits $885K Theft, Pleads Guilty to Wire Fraud
(DBN)

Law Firm’s YouTube Christmas Card In Which Its Lawyers Are Wiped Out By Huge Snowball
(DBN)

‘Catch Me if You Can’ Con Man Says It’s Easy to Fake Being a Lawyer
(DBN)

Police Seek Information on Severe Beating of Dallas Lawyer Celebrating Law Firm Interview
(DBN)

Women Say Sears Maintenance Guy Put Spy Cameras In Fitting Rooms
(DBN)

Say What?!
(DBN)

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Judges:

Supreme Court Unanimously Upholds Concealed Gavel Law :)
(DBN)

California Replaces Reforming Philly atop ‘Judicial Hellholes’ List, Is Joined by Jurisdictions in West Virginia, Illinois, New York and Maryland
(DBN)

Judge Admonished for Remarks About Rape
(DBN)

Federal courts facing fiscal cliff braced for layoffs
(DBN)

Did a Never-Released Thomas Opinion Lead to ‘Profound Battle’ over Standing in Gay Marriage Cases?
(DBN)

High School Civics Lesson in Criminal Court Includes Seeing Lawyer Slashed with Razor Blade
(DBN)

Quote of the Day: She Really Is a Wise Latina!
(DBN)

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Wall Street:

Stock futures up ahead of CPI; China data inspires
(DBN)

Stocks drop after pessimistic 'cliff ' report
(DBN)

Markets Miss The Point As The FOMC Doubles Down
(DBN)

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Layoffs:

When unemployment runs out
(DBN)

How US states fared on jobless aid applications
(DBN)

The Fed, Shoppers and Truth About the Jobless
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

Horton meets with pilots union, reiterates plan for standalone American --- American Airlines CEO Tom Horton tries to sway pilots against merger
(DBN)

Union says CEO makes case for independent American
(DBN)

AMR pilots union meets company CEO, still backs USAir merger
(DBN)

AMR And US Airways: Is Labor A Poison Pill?
(DBN)

American Airlines shows progress
(DBN)

Survey: Biggest airlines are the rudest airlines?
(DBN)

US airlines to lead industry recovery in profits
(DBN)

Jenni Rivera jet linked to troubled company and executive
(DBN)

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Food/Beverage:

Hostess Said to Attract First-Round Bids From Wal-Mart, Kroger
(DBN)

Sugar rush: Hostess auction looks sweeter
(DBN)

Apple producer forced into bankruptcy
(DBN)

The 10 Restaurants With The Best Service In New York City
(DBN)

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Bankruptcy Crimes:

Toms River Man Receives 18-Month Sentence for Bankruptcy Fraud
(DBN)

Courting Trouble
(DBN)

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Glass:

Blenko Glass ready to move on from bankruptcy --- History of Blenko Glass
(DBN)

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Accounting:

Lehman Troubles Not Over For Ernst & Young
(DBN)

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Pharma:

KV says it is set to emerge from bankruptcy --- Silver Point Commits $85MM in DIP Financing to K-V Pharmaceutical
(DBN)

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Banking:

When global banks fail: National trust
(DBN)

Reading the New FDIC/Bank of England Resolution Paper
(DBN)

Senate votes against two-year TAG extension
(DBN)

Court transcripts confirm Libor manipulation
(DBN)

UBS Faces $1bn in Fine for Libor Rigging
(DBN)

Why the US didn’t prosecute HSBC --- HSBC's Fine Didn't Fit the Crime
(DBN)

Deutsche Bank warns of profit hit from restructuring
(DBN)

Cyberattack: Credible Threat Found to 30 US Banks
(DBN)

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Economy:

Jobless Claims in U.S. Decline to a Nine-Week Low of 343,000
(DBN)

The Fed may be delivering the same message in different words
(DBN)

QE Explained
(DBN)

US wholesale prices tumble in November
(DBN)

NBC/WSJ Poll: Public Wants Fiscal Cliff Deal
(DBN)

Fixed Costs Are What's Really Driving Americans To The Poorhouse
(DBN)

Boehner: Obama Is 'Just Not Serious' About Spending Cuts And 'That's Why We Don't Have An Agreement'
(DBN)

Poll: Actual Republicans don’t want to cut or tax anything --- Republicans Refuse To Specify Cuts?
(DBN)

What John Boehner's Deficit Chart Means --- How To Close The Deficit In One Simple Chart
(DBN)

Democrats Split on Medicare Concessions
(DBN)

Beyond the 'fiscal cliff,' America's kids need more – not less – government spending
(DBN)

Fed extends aid to foreign banks
(DBN)

New language, same findings: Tax hikes on the rich won’t cripple the economy --- Tax Hike: We Can Take It
(DBN)

Deficit Hits $172bn in November
(DBN)

Executives push for 'fiscal cliff' deal, even if their tax concerns have to wait
(DBN)

US Retail Sales Up in November
(DBN)

Default Can Be Good For You
(DBN)

16 Charts on Income Inequality
(DBN)

Honestly, Obama’s tax hike is pretty small
(DBN)

Junk Bonds: The Next Bubble to Burst?
(DBN)

CFOs See Stability in Economy Despite 'Fiscal Cliff' Threat
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Study projects years of foreclosures due to FHA's easy lending rules
(DBN)

Ally Financial Fires Back at ResCap Creditors Over Bankruptcy ...
(DBN)

Meet the Robo-Witnesses: Foreclosure Defense Lawyer Tom Cox on New Practices in Foreclosure Fraud
(DBN)

Minnesota AG settles robo-signing lawsuit with debt collector
(DBN)

Foreclosures In Illinois Rise For 11th Straight Month
(DBN)

Report: Nevada No. 2 for default notices, auctions, bank repos
(DBN)

Florida tops foreclosure list for third straight month
(DBN)

Sacramento November House Sales: Conventional Sales up 46% year-over-year
(DBN)

Housing Recovers, but the Repo Man Is Back
(DBN)

American Dream homes: Prices in 9 cities
(DBN)

Agencies reveal third phase of program to prevent homeowner foreclosure
(DBN)

IndyMac Jury Returns FDIC Verdict for Negligence and Breach of Fiduciary Duty under California Law
(DBN)

Madison Realty Capital buys Sheepshead Bay defaulted condo note
(DBN)

Settlement with bankrupt tenant spares landlord jail time
(DBN)

Mastros out of jail, now under house arrest in France
(DBN)

US lender predicts property values will continue to strengthen in 2013
(DBN)

5 Reasons to Avoid a Reverse Mortgage
(DBN)

CoStar: Commercial Real Estate prices decrease slightly in October, Up 6% Year-over-year
(DBN)

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Alternative Energy:

45-day review period of A123 sale begins
(DBN)

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Municipalities:

Bond Buyer California Public Finance Conference Video Recap Part II
(DBN)

Detroit Bonuses: Cash To Employees Criticized As Bankruptcy Looms
(DBN)

Jefferson County Lawyer Says Creditor Tactics Threaten Talks
(DBN)

Detroit school board, Roberts ordered back to court next week
(DBN)

Michigan lawmakers OK new emergency manager bill
(DBN)

New emergency manager law deepens power struggle between Detroit school board, Roberts
(DBN)

Emergency manager resigns after two weeks
(DBN)

Panic in Detroit? Motor City Moves Closer to Possible Chapter 9 Filing
(DBN)

City Council in Flint fights appointment of new emergency manager
(DBN)

The 20 Most Expensive Cities In The World
(DBN)

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Mass Torts:

Texans fight asbestos 'double-dipping' on state, national level
(DBN)

Wall Street Journal Misleads the Public on Asbestos Trusts?
(DBN)

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Resorts:

Revel Oceanfront Resort in Atlantic City Leans Towards Bankruptcy
(DBN)

MSR Resort assets sold to Singapore, with no competing bids
(DBN)

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Autos:

Chrysler's Sunroof Case Speeds Off to New York
(DBN)

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Health Care:

Montefiore eyes bankrupt Bronx hospital
(DBN)

A shift in how healthcare is paid for
(DBN)

The Supreme Court Fight Over Generic Drugs Could Be The Obamacare Of 2013
(DBN)

How Many People Will Die if We Raise the Medicare Age to 67?
(DBN)

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Distressed Investing:

Carl Icahn, MHR Set Sights On Navistar International Corp
(DBN)

Distressed Debt Lesson: The Auction
(DBN)

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Labor:

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

How the GOP Set Up the Michigan Unions
(DBN)

Michigan: Unions Now Have a New Problem
(DBN)

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Rail:

Amtrack to Replace High Speed Acela Trains
(DBN)

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Celebs:

Ex-Dallas linebacker Eugene Lockhart gets prison for mortgage fraud
(DBN)

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Photography:

Kodak officials meet with employees
(DBN)

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Religion:

Judge dismisses 2 archdiocese abuse claims
(DBN)

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Paper:

NewPage Wins Court Approval of Plan for Bankruptcy Exit
(DBN)

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Accounting:

KPMG International revenues rise
(DBN)

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Shipping:

Berlian Laju Tanker Creditors File Involuntary Bankruptcy
(DBN)

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Brokers:

Former MF Global trader pleads guilty in $141 million trade loss
(DBN)

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Steel:

Sparrows Point steel mill to be dismantled
(DBN)

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Defaults:

S&P: Recoveries poised to fall as the credit cycle turns
(DBN)

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Private Equity:

Private equity: New reality enforces need to work harder
(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 (7 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:

Peregrine, Madoff, AMR, LightSquared, MF: Bankruptcy
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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DIP Finance:

A rare dip for a DIP: ATP's valuation confusion
(DBN)

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Professional Compensation:

Dinner tab of $3,965 raises objection in Patriot Coal bankruptcy
(DBN)

Appeals Court Ruling Not End of the Road for Asarco, Barclays
(DBN)

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TBTF:

Volcker Spots a Problem
(DBN)

______________

Sales:

So You Want to Sell (or Buy)A Company Under Section 363? Here’s How
(DBN)

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Corporate Governance:

Board Resignations and Bankruptcy
(DBN)

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Cross-Border:

Vitro Requests Reconsideration of Decision Denying Use of Mexican Restructuring Plan in U.S.
(DBN)

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Consumer Bankruptcy:

The Role of Information in the Rise in Consumer Bankruptcies
(DBN)

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Recent Pleadings:

UST Wants 20% Holdback On $18 Million Patriot Coal Fees
(DBN)

UST Dings Milbank For Dual Representation Of Committee and Members
(DBN)

RMBS Creditors Object To ResCap Exclusivity Extension, Suggest Mediation
(DBN)

Defendant Seeks Recusal, Says Judge Interrupted Trial To Appear On CLE Panel With Plaintiff And Impermissibly Commented ON Pending Litigation --- Seeks to Disqualify N.J. Judge
(DBN)

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Insurance:

Bank of America claims MBIA in default on senior notes
(DBN)

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Education:

Senators Demand Probe of For-Profit College Circumvention of Student Loan Default Rules
(DBN)

Loss of Title IV funding automatic with college bankruptcy proceedings
(DBN)

Christmas cash disbursement not the ribbon-adorned gift LMC's disguised it to be
(DBN)

Feds asked to examine defunct reform school deaths
(DBN)

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Student Debt:

Gundlach: These 4 Charts Show How Student Loans Have Become A Real Problem
(DBN)

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Corporate Reform:

A Banner Week for Financial Prosecutions
(DBN)

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Fraud:

Nearly $3 million in Rothstein fees authorized by judge
(DBN)

From Bernie Madoff to Steven Cohen, Enabling Suspiciously High Returns
(DBN)

U.S. prosecutors seek 10-year prison term for Madoff brother
(DBN)

Big Boy Letters and Non-Reliance Provisions
(DBN)

Victims or Accomplices In Madoff Scheme?
(DBN)

Convict offers $19 million for leniency in Ponzi
(DBN)

Ex-Wells Fargo banker charged with insider trading
(DBN)

Judge Keeps Alternate Jurors on Deck in Insider-Trading Case
(DBN)

Rate-fixing at RBS: "People are setting to where it suits their book. Libor is what you say it is"
(DBN)

Autonomy founder turns to Clifford Chance over HP controversy
(DBN)

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Storage:

Run on RoboVault? Historic bonds spark ‘stampede’ at storage facility, trustee says
(DBN)

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Politics:

She's Baaaaaack!!!!
(DBN)

Fiscal Cliff Poll Brutal For Republicans
(DBN)

Hate Congress? But Reelect 90% of Them
(DBN)

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Sovereigns:

Possible Ripples From the Argentine Bond Litigation
(DBN)

U.S. moves to back Argentina in defaulted debt row
(DBN)

Second Circuit Construes Pari Passu Clause in Argentine Bond Issuance (But the Saga Continues)
(DBN)

Possible Ripples From the Argentine Bond Litigation
(DBN)

Argentina Sees No Need To Return to Global Capital Markets Now
(DBN)

Argentina/Ghana: ‘Vulture funds' should not be allowed to paralyze debt relief, says UN expert on the eve of key ruling
(DBN)

Sovereign Debt Difficulties: Had Enough Yet?
(DBN)

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UK:

Standard & Poor's puts UK credit rating on 'negative outlook'
(DBN)

Croydon Insolvency Service receiver stole from clients to pay off debts
(DBN)

Queen gives the Bank a lesson in economics --- Financial Crisis Explained to Queen Elizabeth
(DBN)

British Regulator Says Banks 'Too Big to Prosecute'
(DBN)

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EU:

Eurozone Approves Greek Aid, New Bank Regulation
(DBN)

Weak German PMI data send shares, euro into reverse
(DBN)

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PIIGS:

Bank of Ireland tests market after bail-in --- Grant Thornton to launch service in light of Personal Insolvency Bill
(DBN)

Lenders Take Stakes in Spain's Bad Bank
(DBN)

Greek Tax Plan Whacks Middle Class --- Greek Professionals Living In The Streets --- Greek Unemployment Rate Rises To 24.8% In Q3 --- Dutch To Give Info On Moored Greek Yachts --- Greece’s two-stage default
(DBN)

Italian debt at record high above 2 trillion euros
(DBN)

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Canada:

Consumer debt hit record high in 2012 as Canadians borrowed like never before
(DBN)

Supreme Court holds that environmental clean-up orders may be compromised under the CCAA, depending on the facts
(DBN)

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France:

French in Denial as Crisis Deepens
(DBN)

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MENA:

Pension Fund of Iran on the brink of bankruptcy
(DBN)

Spain Seizes Assets Owned by Mubarak
(DBN)

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Offshore:

Isle of Man High Court takes universal approach to cross-border insolvency
(DBN)

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Japan:

Japan's Big Manufacturers Haven't Been This Pessimistic In 3 Years
(DBN)

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China:

Manufacturing expansion quickens in China
(DBN)

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Copyright 2012