December 19, 2012

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Bonus Watch: Cahill Gordon’s Never-Ending Bonus Bounty
(DBN)

Bonus Watch: Sidley Austin

Against Prestige
(DBN)

Gradenfreude: An Underemployed Law Grad’s Guide on How to Achieve Mediocrity in 2013
(DBN)

The Biglaw Collection Machine
(DBN)

How Much Did You Bill In 2012?
(DBN)

Simpson Thacher, MoFo, Winston & Strawn: Business of Law
(DBN)

30 Under 30 - Law & Policy
(DBN)

10 Phrases In-House Lawyers Hear That Portend Disaster
(DBN)

Aviva launches court action over Dewey & LeBoeuf bond
(DBN)

A Firm Known for Retaining Partners Loses One to Kirkland
(DBN)

No Prison Time for BigLaw Lawyer Who Laundered Money Through Firm
(DBN)

Nixon Peabody Prepares to Shutter Four-Year-Old Paris Office
(DBN)

The 7 Steps International Law Firms Should Take in 2013 to Ensure Themselves a Bright Future
(DBN)

The No-Go List—Law Schools and Pennsylvania's Female Problem
(DBN)

Law School Transparency: A few more points about the Seto partnership study --- Partnership or death?
(DBN)

Stop Handing Out Student Loans Like Candy, Or Else You’ll Get Sued Like Sallie Mae
(DBN)

Weigh the Benefits, Disadvantages of Attending a Non-ABA Law School
(DBN)

Are ‘Law And …’ Classes Really a Waste of Time?
(DBN)

Quote of the Day: It’s the End of the World as Law Schools Know It…
(DBN)

They're heading for the exits at the Justice Dept.
(DBN)

Stroock Attorneys Set to Return to Maiden Lane
(DBN)

Law Profs Suggest Another Explanation for Lower Crime Rate: Ubiquitous Cellphones
(DBN)

Fiscal Cliff Means New Strategies—and More Business—for Law Firms; Deferred Bonuses Help Partners
(DBN)

54 of AmLaw 200 Firms Have Mobile Sites
(DBN)

Lawyer iPhone and iPad stories
(DBN)

Who Owns The Guns? --- 19 Fun Facts About Guns in America
(DBN)

6th-Grader Brought Handgun To School, Said His Parents Told Him To Carry It After Newtown Shootings
(DBN)

6 Attorneys Among 21 NYC Law Firm Workers Charged in Asylum Conspiracy Case
(DBN)

Times Investigation Puts Wal-Mart In-House Lawyer Back in the Spotlight
(DBN)

The longest-serving U.S. Attorney in the Department of Justice has resigned, and a federal investigator has rushed to Louisiana to investigate a case with a final plot turn worthy of Guy de Maupassant.
(DBN)

A Lawyer's Guide to Last-Minute Gift Ideas
(DBN)

Longtime Nev. Lawyer Gets 33 Months for Tax Evasion
(DBN)

Ark. AG admits to 'inappropriate relationship'
(DBN)

Three Arrested in Connection With Daring Maple-Syrup Heist
(DBN)

Lawyer's Rant at Ethics Auditor Hikes Level of Discipline Urged
(DBN)

Fake Workers Comp Injury Revealed During Sex in Park
(DBN)

Florida Man Shoots Angry Customer At Pizza Shop, Cites "Stand Your Ground" Law
(DBN)

The 25 Worst People of 2012
(DBN)

Texas police officer fines motorist then hands him $100
(DBN)

Trend Watch: Using Pets to Insult Your Neighbors
(DBN)

Two Inmates Broke Out Of Chicago's Highrise Prison Using A Rope Made Of Bedsheets
(DBN)

______________

Judges:

Houston grateful for friends, portrait unveiled for retirement
(DBN)

'Female Barack Obama' Could Be The Next Supreme Court Justice
(DBN)

One Of America's Most Powerful Judges Defends His Love Of Playboy
(DBN)

Report Urges Higher Pay for Texas Judges
(DBN)

Spurning the beach in Hawaii, senior judge moving to Texas to help out the Western District
(DBN)

Over Dissents, Judge Gets Off With Censure
(DBN)

The 8 Best Benchslaps of 2012
(DBN)

______________

Wall Street:

US stock futures higher ahead of housing starts
(DBN)

U.S. stocks close at two-month high on cliff hopes
(DBN)

What is Goldman Sachs's standard for indemnifying legal fees?
(DBN)

______________

Layoffs:

Fed's Lacker: 6.5% Unemployment in 3 Years
(DBN)

Fed: Unemployment Rate May Sluggishly Respond to Job Growth
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Aviation:

American Airlines and senior pilots to battle in court Wednesday
(DBN)

Bag fees key to airlines' bottom lines
(DBN)

Pinnacle, pilots say they have labor deal
(DBN)

______________

Religion:

Hollywood FL synagogue files for bankruptcy
(DBN)

______________

Museums:

Discovery Science Center to take over Children's Museum of LA
(DBN)

Utility Ratepayers To Foot $7.5M Bill For LA Children's Museum
(DBN)

______________

Electricity:

What will Midwest Generation bankruptcy mean for Illinois coal plants?
(DBN)

______________

Economy:

How Big Deficits Become Norm
(DBN)

Treasury plans to sell bulk of TARP stakes --- TARP Profits Continue To Grow
(DBN)

The True Burden of Government
(DBN)

"Fiscal cliff" deal closer, but gaps remain --- Drudge Turns On Boehner --- Boehner 'Plan B' immediately encounters opposition
(DBN)

To fix the deficit, tax and cut
(DBN)

The trick Washington is using to cut Social Security and Medicare
(DBN)

US current account deficit fell in third quarter
(DBN)

8 Parallels Between America And The Fall Of The Roman Republic
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

In bankruptcy court, unrealistic expectations
(DBN)

Home-builder confidence highest since 2006
(DBN)

Homebuilding ETFs rise
(DBN)

California foreclosure inventory shrinks on short sales, loan mods
(DBN)

RE/MAX: Home sales jump 15.7% over November 2011
(DBN)

FL: Palm Court in Miami Beach files for Chapter 11
(DBN)

Hope Now prevented nearly 130,000 foreclosures in October
(DBN)

Fannie Mae: Mortgage rates to remain low, home sales soar in near term
(DBN)

____________

Health Care:

Hospitals Fear They'll Bear Brunt of Medicare Cuts
(DBN)

Let's Be Honest - Medicare is Insolvent And Doctors Soon Won't Accept It
(DBN)

______________

M&A:

Sprint Promises To Pay $120 Million Breakup Fee
(DBN)

______________

Municipalities:

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

Flint emergency financial manager Ed Kurtz would step aside for Michael Brown, he says
(DBN)

Bankruptcy Now an Option Under New Michigan Law
(DBN)

Actor donates thousands to save library in troubled RI city
(DBN)

PA: Distressed cities on Senate Democratic agenda for 2013
(DBN)

Creditor: Stockton city manager, staff put self interest first
(DBN)

Fitch Maintains Rating Watch Negative on Stockton Public Finance
(DBN)

San Bernardino budget is in shambles; that's no sham
(DBN)

California cities ' outsourcing plans face uncertainty
(DBN)

Court cases challenge the primacy of state employee pensions
(DBN)

Calpers pits state court versus federal in San Bernardino bankruptcy
(DBN)

For sale: U.S. highways and bridges
(DBN)

______________

Politics:

Matt Taibbi's Treasury Secretary Picks: Elizabeth Warren And Paul Volcker
(DBN)

______________

Awards:

Robert Lapowsky Elected Fellow of the American College of Bankruptcy
(DBN)

M&A Advisor Announces Winners for 11th Annual Awards
(DBN)

______________

Compensation:

A Banker's Costly Cab Ride
(DBN)

______________

Housewares:

Victory Park Capital Buys Fuller Brush
(DBN)

______________

Fraud:

Lawyer: Madoff May Be One of My Clients' Better Investments
(DBN)

Preet scores again: Hedgies Chiasson an Newman are guilty
(DBN)

Street.com Execs Settle With The SEC Over Fraud Allegations
(DBN)

Why The Libor Investigation Is Truly Different From Other Wall Street Scandals
(DBN)

NY defense: Peter Madoff will be 'jobless pariah' --- Peter Madoff Seeks Leniency From Court Citing 'Punitive' Fine --- US Says Madoff's Brother Peter Should Get 10-Year Term
(DBN)

Convicted Financier Says He Can't Afford a Lawyer
(DBN)

______________

Corporate Reform:

Report: Law Prof, Other Critics Complain About DOJ Approach to ‘Too Big to Jail’ Bank Crimes
(DBN)

______________

Hedge Funds:

The Hedge Funds With The Biggest Stakes In Gun Manufacturers --- U.S. Companies Back Away From Gun Makers
(DBN)

______________

Brokers:

MF Global Cases Focus on 'Letters'
(DBN)

R.J. O'Brien Sends Letter to Judge in MF Global Bankruptcy Case
(DBN)

______________

Accounting:

Going Concern Warnings Hit 12-Year Low
(DBN)

______________

Celebs:

Donald Trump Wins $5M Legal Victory Over Miss USA
(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 (40 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

 

Interactive Bankruptcy Statistics Map
(DBN)

______________

Involuntary Bankruptcy:

Court: Montana Can Pursue Blixseth Bankruptcy
(DBN)

_____________

Jurisdiction:

The Stern Files (Seventh Edition)
(DBN)

______________

DIP Finance:

Court Allows Kodak to Negotiate Terms of Financing
(DBN)

______________

Bankruptcy Reform:

Topeka lawyer on bankruptcy reform panel
(DBN)

______________

Recent Pleadings:

Dewey Gets $12.9M for Dodgers Work, $500K Fee Enhancement
(DBN)

_____________

Food/Beverage:

Upper Crust pizzeria locations head to bankruptcy auction today
(DBN)

Centennial Beverage files for Chapter 11 bankruptcy
(DBN)

______________

Mass Torts:

Asbestos Loss Estimate Now at $85 Billion
(DBN)

______________

Rating Agencies:

SEC seeks to reduce credit raters' conflicts of interest
(DBN)

______________

Soccer:

After filing for insolvency, Rapid Bucharest move to fire all foreign players
(DBN)

______________

Banking:

Neil Barofsky on UBS Criminal Charges for LIBOR and HSBC Money Laundering Wrist Slap
(DBN)

UBS admits fraud in $1.5 billion Libor rigging deal
(DBN)

UBS E-Mails Show How Traders Gamed the System
(DBN)

Bank Deposits Surge $2 Trillion More Than Loans
(DBN)

______________

Religion:

Judge rules for ex-priest in Diocese bankruptcy case
(DBN)

______________

Apparel:

Hickey Freeman CEO sees 'seamless' ownership transition
(DBN)

______________

Sovereigns:

Argentina Debt War Lawyers Spend Decade Before Judge
(DBN)

______________

UK:

Bank of England votes against more QE
(DBN)

Savers pinched by inflation and plunging rates
(DBN)

Allanfield Group to appoint administrators
(DBN)

30 Second Guide: Insolvency Service
(DBN)

Landlords welcome Comet investigation
(DBN)

______________

EU:

Euro rallies as German Ifo adds to year-end demand
(DBN)

______________

PIIGS:

Struggling Greeks Face Harsh Winter --- S&P boosts Greece's credit rating
(DBN)

ie: Farmers need to understand new debt relief procedures
(DBN)

______________

Germany:

German solar publisher Photon files for insolvency
(DBN)

Lawsuit over lost Schickedanz billions begins --- Retail Heiress Demanding 1.9 Billion Euros
(DBN)

German business confidence up again in December: Ifo
(DBN)

______________

France:

ECB'S Praet says France must cut spending , start reforms
(DBN)

Belgium To France: We Welcome Your Super-Rich Trying To Avoid High Taxes
(DBN)

______________

Netherlands:

One in seven real estate agents expects to go bankrupt
(DBN)

______________

China:

Chinese Multimillionaires Are Leaving In Droves
(DBN)

Investors Are Most Bullish Ever on China Economic Growth
(DBN)

______________

Australia:

Employer accuses liquidator of fraud
(DBN)

______________

The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2012