December 17, 2012

The Daily Bankruptcy News

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Law:

The 2012 Law Firm Billing Survey
(DBN)

Jones Day Names New Restructuring Partner --- Erin Brady
(DBN)

Cleary, Skadden, Clifford Chance, Kilpatrick: Business of Law
(DBN)

Women at Law Firms, Fried Frank, Latham: Business of Law
(DBN)

What to Consider When Considering an In-House Counsel Position (Part II)
(DBN)

How Not to Network
(DBN)

Lawyer of the Day: A Compassionate Managing Partner
(DBN)

Firms Mount Challenges to 'Jewel' Doctrine
(DBN)

5 Personality Types That Fail at Law Firms
(DBN)

Top UK firms see fees dwindle as mergers drive mid-market growth
(DBN)

Firms suffer worst quarter in nearly two years, says Deloitte
(DBN)

Police ID Getaway Car in NYC Law Student Slaying
(DBN)

Fiscal cliff uncertainty creates flood of work for attorneys
(DBN)

Law Prof Says NOW Is Actually The Ideal Time To Go To Law School
(DBN)

Who Wants to Be a Lawyer?
(DBN)

Alternative Career As Vet? Nope. Don't Go There.
(DBN)

Law School Transparency: Picture this --- Endgame --- Wild west
(DBN)

Students' Fraud Suits Against Law Schools: Juxtapositions
(DBN)

Bankruptcy Judge Blasts Creditor's Attack of Elderly Woman's Petition, "Baseless," "Shocks The Court's Conscience"
(DBN)

ABA chief says young, old should team up
(DBN)

Office Flooded by Sandy's Surge, Small Firm Struggles to Recover
(DBN)

Review: Apple Lightning to VGA Adapter -- run presentations from your iPad or iPhone
(DBN)

NYU Law Comes to Reasonable Resolution After Latest Exam Screw-Up
(DBN)

Two Cops Arrested For Stealing Items & Grotesque Photos From Jenni Rivera Plane Crash Scene
(DBN)

The Supreme Court Is On The Verge Of Taking Up A Huge Gun Control Case
(DBN)

Thieves steal Christmas presents, family dog from home
(DBN)

Parents Outraged After Principal Strip-Searches Boy, 10, Over Stolen $20 Bill -- Eventually Found In Cafeteria
(DBN)

Florida Supremes Overturn Ban on Loud Car Music, Rule for Timberlake-Blasting Lawyer
(DBN)

Texas Law Prof Explains Why Black Kids Fail. Plus, Lawyer Tells Judge to F#*k Off!
(DBN)

Lawyerly Lairs: The House That Winston Built
(DBN)

Woman Cited For Shopping Cart Rage Outside Walmart
(DBN)

13 Ways To Survive The Office Holiday Party
(DBN)

Bird-brained idea?
(DBN)

Say What?!
(DBN)

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Judges:

Foley partner appointed US bankruptcy judge
(DBN)

Elena Kagan Heaped Praise On A Justice Who's Being Ripped To Shreds In The Media
(DBN)

Quote of the Day: Keep Waiting (And: Justice Kagan disses a top law school.)
(DBN)

Justice Kagan Lights Up Hanukkah Event
(DBN)

Remove a Stain on the Supreme Court by Impeaching Justice Scalia? --- Scalia has no right to rule on same-sex marriage
(DBN)

California Judge Gets In Trouble For Invoking Todd Akin's Logic
(DBN)

Two upstate NY judges resign amid misconduct charges
(DBN)

Hack Snared Judge's Husband, Defense Says
(DBN)

Group of Federal Judges Plans to Seek Class Action Status in Suit Over Unpaid Cost-of-Living Raises
(DBN)

Pa. Judge Loses Job Over ‘One-Time Accidental Mistake’ re Too-Revealing Cell Photos
(DBN)

Judge of the Day: Making Todd Akin-esque Comments on the Bench Won’t Earn You Any Praise, Even Four Years Later
(DBN)

Courts brace for cuts
(DBN)

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Wall Street:

US stock index futures signal flat to higher open
(DBN)

US stocks close with losses on Friday
(DBN)

13 People To Avoid At Your Wall Street Holiday Party
(DBN)

10 Things You Need To Know Before The Opening Bell
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Detroit has "serious financial problem": Michigan treasurer --- Detroit not fulfilling consent deal goals --- Detroit Mayor Dave Bing says pressure of job isn't getting to him, defends decisions --- New EM act to quicken city's action
(DBN)

People Are Leaving California In Record Numbers
(DBN)

Why GOP Is Slowing Aid To Sandy Victims
(DBN)

NY: Area superintendents see insolvency on the horizon
(DBN)

Stockton Says Creditors Group Files Bankruptcy Objection
(DBN)

San Bernardino Union, Calpers Affirm Chapter 9 Objections
(DBN)

CalPERS fight tries to salvage full pensions
(DBN)

Calpers's Bankruptcy Ploy
(DBN)

Pension fund slams San Bernardino for "sham" bankruptcy
(DBN)

San Bernardino bankruptcy won't stop annual Ho Ho Parade
(DBN)

Proposal would ban municipal debt swaps
(DBN)

Harrisburg debt crisis merits state or federal probe
(DBN)

PA: GOP state senator plans bills to overhaul municipal debt laws
(DBN)

Providence unions back key concessions
(DBN)

Atlantic City in for economic storm
(DBN)

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Labor:

Workers' Paradise Lost
(DBN)

______________

Alternative Energy:

A123 Bankruptcy : The National Security Question
(DBN)

______________

Celebs:

Bankrupt Michael Jackson Doc Dumping Laguna Beach Mansion
(DBN)

The Broke and the Beautiful: Short 'n' Sweet Edition
(DBN)

Bankruptcy Judge rules CSD can cease paying for Newton's animals
(DBN)

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Banking:

In wake of Corus Bank collapse, bankruptcy trustee targets ex-CEO's fortune
(DBN)

UBS faces $1.6 billion fine over Libor rigging: paper --- A Shadow Over Banks As UBS Nears Deal
(DBN)

Court OKs sale of First Place to Talmer Bancorp
(DBN)

Deutsche Bank Faces Up To Paying Substantial Damages
(DBN)

FDIC Files Suit Against 7 Insiders at Sandy Springs Bank
(DBN)

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Economy:

Consumer Prices in U.S. Decline More Than Forecast in November
(DBN)

Treasuries Fall for Second Week Amid Inflation Concern
(DBN)

US PMI Unexpectedly Surges
(DBN)

Mid-Market Businesses Share Bleak Post-Election Outlook
(DBN)

The Truth About The Deficit: It's Not Very Big, And There's Only One Way To Close It
(DBN)

For The First Time, Boehner Offers A Concession On Raising Taxes --- Conservatives Are Already Furious Over The John Boehner Fiscal Cliff 'Cave' --- Fiscal Cliff 'Breakthrough' — Boehner Offers To Include The Debt Ceiling Hike In Deal Along With Higher Taxes --- White House won't accept new tax offer from Republican leader
(DBN)

Fiscal Cliff Plan B Gaining Attention
(DBN)

Fiscal Cliff: Years of Self-Made Messes
(DBN)

Manufacturing In The US Is Making A Historic Comeback
(DBN)

AIG Exec Rapping At A Party About Bailouts
(DBN)

Not All Companies Would Welcome a Lower Tax Rate
(DBN)

Rail Indicators: The Economy Continues To Soften
(DBN)

Mid-Market Businesses Share Bleak Post-Election Outlook
(DBN)

TD Economics: Fiscal Uncertainty Slows Pace of Growth
(DBN)

Latest Data Shows Good Signs for the Economy
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

SEC has examined Bank of America mortgage repurchases
(DBN)

Illinois Legislation Trumps In re Crane Bankruptcy Court Decision
(DBN)

Bay Area housing market continues on a roll
(DBN)

Former IndyMac CEO Michael Perry to pay $1 million in settlement
(DBN)

Homestead investors face long wait for limited dollars
(DBN)

IA: Previously Bankrupt Housing Development Booms
(DBN)

Bankruptcy Reorganization Plan Approved for Frisco Square
(DBN)

Mastro creditor Hazelrigg loses round in court
(DBN)

The Worst Housing Market In The World
(DBN)

___________

Banking:

Fed eyes tougher capital rules for non-U.S. banks
(DBN)

______________

Credit Reporting:

Why credit bureaus fail to fix errors
(DBN)

______________

Aviation:

US Airways - American Airlines Merger May Happen Soon
(DBN)

What's at stake if US Airways, American merge?
(DBN)

Happy holidays from Tom Horton
(DBN)

American CEO Wants Airline to Go it Alone --- AMR pilots union meets company CEO, still backs USAir merger
(DBN)

______________

Non-Profits:

B'nai B'rith rejects top-ten insolvent listing
(DBN)

______________

Electricity:

Midwest Generation files Chapter 11
(DBN)

Edison Mission Energy files for Chapter 11 bankruptcy
(DBN)

SME Proposal to Emerge from Bankruptcy
(DBN)

______________

Food/Beverage:

Betrayal Without Remedy: The Case Of The Missing Hostess Employee Wages
(DBN)

Hostess union challenges wind-down, management bonus plan
(DBN)

Union, pension fund appeal Hostess wind-down approval
(DBN)

Bidders cast hungry eyes on Hostess, Twinkies?
(DBN)

Report: Over Two Dozen Bidders to Vie for Hostess
(DBN)

UFood Grill Announces Reorganization
(DBN)

FirstBank wins bid in Shooters bankruptcy auction
(DBN)

Russian River Vineyards set to emerge from bankruptcy
(DBN)

USDA suspends Anshin Produce's PACA license
(DBN)

______________

Education:

Texas Attorney General: LMC bankruptcy estate officials shouldn't be allowed to collect liability money by suing former officers
(DBN)

Lon Morris College: Liquidation plan could include suing former students for monies owed
(DBN)

Building a Showcase Campus, Using an I.O.U.
(DBN)

______________

Telecoms:

Alcatel-Lucent Solves Liquidity Issues - Should Dissolve Bankruptcy Fears
(DBN)

______________

Fraud:

Years in, Madoff trustee still pursuing assets
(DBN)

SEC charges Calif hedge fund manager in 'cherry-picking' scheme
(DBN)

______________

Brokers:

Analyst notes similarities between Wasendorf, Madoff
(DBN)

______________

Student Debt:

Senator Compares Private Student Loans To Dickens-Era Of Debt Prisons
(DBN)

Should You Have to Pay Taxes on Forgiven Student Loan Debt?
(DBN)

Defaulters on student loans face credit problems
(DBN)

Congressman: My Plan Would Reduce Student Loan Defaults
(DBN)

______________

Claims Trading:

Why The Big Hedge Funds Bought Lehman Brothers Trading Claims
(DBN)

______________

Media:

Buffett to Tribune owners - Call me!
(DBN)

______________

Consultants:

Mark E. Toney and Steven R. Korf Launch New Restructuring Consulting Firm, ToneyKorf Partners, LLC
(DBN)

Grant Thornton names James A. Peko National Managing Principal of Corporate Advisory & Restructuring Services Practice
(DBN)

______________

Private Equity:

Debt Loads Climb in Buyout Deals
(DBN)

______________

Health Care:

Queen's finalizes acquisition of defunct Ewa hospital
(DBN)

______________

Religion:

Bankruptcy judge tosses 2 damage claims against Milwaukee diocese
(DBN)

______________

Debt Collection:

Debt collector settles Minnesota's 'robo-signing' complaint
(DBN)

______________

Politics:

Barney Frank ends 30-year career in Congress, says Durbin Amendment won’t help consumers
(DBN)

______________

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 (59 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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)

______________

Bankruptcy Statistics:

Durham bankruptcy filings rise 29%
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Miscellaneous:

Bankruptcy Week Ahead
(DBN)

______________

Bankruptcy Reform:

Minutes of ABI Sales Committee Phone Meetings of October 22, November 19, and December 3, 2012 ---

Minutes of the October 12, 2012 Meeting - Minutes of the October 12, 2012 Meeting ---

Minutes of ABI Sales Committee Meetings of October 10, 2012
---

Minutes Of Full Commission Meeting - October 3, 2012
(DBN)

______________

Professional Compensation:

5th Circuit Judge Jennifer Walker Elrod writes a hotrod of an opinion about fee enhancement in bankruptcy court
(DBN)

______________

TBTF:

Resolving Globally Active, Systematically Important, Financial Institutions. What’s the Plan, Batman?
(DBN)

______________

Recent Pleadings:

Ex-Directors of Bearing Point Sue Liquidating Trustee In State Court, Claiming He Represented Them Individually -- Trustee Seeks Sanctions
(DBN)

Purchaser Of Dewey LeBoeuf Senior Secured Notes Sues Dewey, Ex-Execs For: "Materially false and misleading information"
(DBN)

______________

Retailing:

Best Buy slumps on amended agreement with founder
(DBN)

Circuit City is now in the business of paying off debts
(DBN)

______________

Paper:

Court paves way for NewPage Ch.11 exit
(DBN)

______________

Tech:

Lack of transparency may risk sale to Micron, U.S. judge warns Elpida
(DBN)

______________

Tobacco:

Renegade bankruptcy trustee defends payments for work on case
(DBN)

______________

Convenience Stores:

Red Eagle’s Bankruptcy Sale Completed
(DBN)

______________

Lehman:

From Lehman's ashes, a banker is reborn
(DBN)

______________

Software:

Goldman Sachs Handled Dragon Sale Well, Ex-Analyst Says
(DBN)

Goldman Sachs M&A head says he had no role in Dragon deal
(DBN)

______________

Autos:

Fiat could sell parts unit for cash to buy Chrysler -Marchionne --- Denies it will raise bank funds for Chrysler buy
(DBN)

______________

Corporate Governance:

2012's Worst CEOs
(DBN)

______________

Sovereigns:

Hopes of indebted countries anchored on Argentinian ship in Ghanaian port
(DBN)

An International Tribunal Has Ruled That Argentina Can Get Its Vessel Back From A Hedge Funder
(DBN)

Ghana says it will abide by order to release ship
(DBN)

Playing Argentinian roulette - Debt troubles may shake global financial architecture
(DBN)

Argentina pays GDP-linked bonds; Central bank reserves fall to lowest since 2007
(DBN)

Time To Find Out If Argentina Is Getting Kicked Out Of The IMF
(DBN)

Argentina: business as usual?
(DBN)

______________

UK:

Recognizing and enforcing a UK disclosure order
(DBN)

Rich And Ditched
(DBN)

Christmas cash flow crunch
(DBN)

HM Treasury appoints Bloxham to lead special administration review
(DBN)

HMRC: Last chance for Swiss account holders to disclose
(DBN)

UK gov't loses £50m over chain collapse
(DBN)

______________

EU:

European Insolvency Regulation: New EC Proposal
(DBN)

EU insolvency law: European Commission proposals would signal sea change in how cross border insolvencies are managed, says expert
(DBN)

Odds Of A Country Leaving The Eurozone Collapse
(DBN)

______________

PIIGS:

Greece Is On The Brink Of Civil War --- Broke Greeks Swap Cars for Sluggish Trains
(DBN)

ie: When the loophole closes, we must find help for defaulters --- Disgraced McFeely blames media for ending marriage --- McFeely warned not to take law into own hands --- Thousands of apartments will be evacuated, claims McFeely --- Dunnes wind-up order withdrawn --- Howlin calls for debt forgiveness
(DBN)

For Spaniards, Having a Job No Longer Guarantees a Paycheck
(DBN)

______________

Canada:

Supreme Court holds environmental orders can be compromised in CCAA proceedings
(DBN)

Alleged Ponzi schemer declares bankruptcy as investors face huge losses
(DBN)

Directors of a CBCA corporation may be held jointly and severally liable for unpaid wages
(DBN)

______________

Germany:

Deutsche Bank Found Partly Liable Over Kirch Bankruptcy
(DBN)

ThyssenKrupp Is in Full Crisis Mode
(DBN)

______________

Austria:

Court rules on future damage due to event before insolvency proceedings open
(DBN)

______________

Lithuania:

Lithuania Ex-Bank Inspector Suspected of Snoras Bankruptcy Role
(DBN)

______________

New Zealand:

Developer avoids jail for bankruptcy fraud
(DBN)

Home detention for bankruptcy 'hoodwinking'
(DBN)

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Copyright 2012