December 20, 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:

Some Manhattan lawyers are getting bonuses in December and January
(DBN)

Al Togut Talks
(DBN)

Winston, Debevoise, Akin Gump, Wachtell: Business of Law
(DBN)

Appeals of Dueling Decisions Related to Unfinished Business Claims Will Proceed
(DBN)

Cozen O'Connor and Blank Rome sued for $27 mln
(DBN)

Conflicted Out ? - The push is to close every deal possible, no matter the amount, no matter the risk, by 11:59 p.m. on December 31
(DBN)

Lateral Hiring Done ‘Wright’ (Part II)
(DBN)

The lawyer vs. the law firm
(DBN)

ATL Holiday Card Contest: The Finalists!
(DBN)

Stealth Lawyer: Kelly Newsome, Yoga Instructor
(DBN)

Excellence, Consistency and Building Your Brand
(DBN)

DC Firms: Slowly Coming Back
(DBN)

Dianne Feinstein Movin’ On Up
(DBN)

How do I stand out at a law firm holiday reception while still being “safe”?
(DBN)

The World's Largest Holiday Disclaimer: 2012 Version
(DBN)

Compare & Contrast: Sheet-Fed Document Scanners
(DBN)

Which PDF Apps Should You Use on an iPhone or iPad?
(DBN)

The Best Laptops for Lawyers
(DBN)

What are You Willing to Give Up for your Smartphone?
(DBN)

Clifford Chance In The Americas: Medwick Reflects On Two Terms Of Leadership
(DBN)

Seton Hall extends tuition help program to law school - 50% discount
(DBN)

Law School Transparency: Hurry, quantities are limited
(DBN)

Who Is the Turd in the Punchbowl at Brooklyn Law?
(DBN)

Better Rainmaking Through Relationships and Data
(DBN)

Gun Stores Are Selling Out Of The Rifle Used To Kill 27 People In Connecticut --- There Are 15,000 More Gun Stores In America Than Grocery Stores --- Barber shop discussion about school shooting ends in gunfire --- Gallup: Americans want focus on police, mental health, video violence over 'assault weapon' ban --- Tennessee Is Considering A Plan To Secretly Arm Teachers --- Michigan Legislature Passes Law To Allow Concealed Weapons In School --- TX: Let's Allow Teachers to Pack Guns --- Westboro Baptist to Picket Newtown Funerals --- Cerberus Mum on Legal Advisers as Sale of Gun Giant Looms --- Pro-gun lawyers vow to continue their mission --- So You Think You Know the Second Amendment?
(DBN)

Man charged for McDonald's cheeseburger rage incident
(DBN)

She/He Said What?!?
(DBN)

Routine traffic stop ends in trooper conducting 'roadside body cavity search'
(DBN)

A Law Firm Hired Two Country Superstars For The Most Lavish Holiday Party Ever
(DBN)

‘Can You Be A Lawyer With Tattoos?'
(DBN)

Robbing From Peter To Pay Paul: Misconduct of "epic proportions"
(DBN)

22 Frat Members Face Hazing Case re NIU Student’s Alcohol Poisoning Death; 5 Charged With Felonies
(DBN)

Bank robbers hail getaway cab
(DBN)

Woman Caught On Camera Stealing Christmas Wreaths, Lights From Neighbors' Homes
(DBN)

'A Christmas Story' Bully Fights for His Image in Court
(DBN)

Report: Michael Douglas's junkie son persuaded lawyer to sneak drugs into prison in her bra
(DBN)

Say What?!
(DBN)

______________

Judges:

U.S. Bankruptcy Court Establishes Call Center
(DBN)

Houston bows out as judge with portrait unveiling
(DBN)

The most famous failed Supreme Court nominee is dead at 85
(DBN)

Quote of the Day: Well, This Gives a Whole New Meaning to the Phrase ‘Oral Argument’
(DBN)

State Judge Is in Hot Water
(DBN)

$318 Million for New L.A. Federal Courthouse
(DBN)

CT: Commission Seeks Pay Increases For State Judges
(DBN)

______________

Wall Street:

U.S. Stock -Index Futures Are Little Changed
(DBN)

Wall St slips as "cliff" talks sour, but hopes remain
(DBN)

The Stock Market Looks Like A Gigantic Powder Keg, Ready To Blow
(DBN)

Give William Bryan Jennings His Bonus
(DBN)

______________

Layoffs:

The Best Jobs of 2013
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Aviation:

American Airlines, US Airways closer to merger, sources say --- AMR Said to Take Steps Nearing Merger With US Airways
(DBN)

Analyst: We expect a US Airways-American Airlines merger by Dec. 31
(DBN)

Should US Airways and American Airlines merge? Mitch thinks so; some AA pilots don’t
(DBN)

Parker, Kirby and Butler to meet with USAPA
(DBN)

AMR, American get to March 11 to file bankruptcy reorganization plan
(DBN)

Judge approves American Airlines pilot contract, pension freeze
(DBN)

American Eagle dispatchers approve new contract with carrier
(DBN)

James Little, TWU president, pushes in-house work at American Airlines
(DBN)

New insolvency procedure offers hope to airlines in crisis
(DBN)

Man wears 70 items of clothing at airport to avoid baggage charge
(DBN)

I think I'm goin' to Kathmandu. Or Not. --- Nepal's Domestic Airlines Face Bankruptcy
(DBN)

______________

Food/Beverage:

Active bidding at auction for 10 Upper Crust locations
(DBN)

Group tied to founder wins 4 Upper Crusts
(DBN)

Upper Crust pizza case now topped with poetic justice
(DBN)

Changes coming for UFood Restaurant Group
(DBN)

Star Buffet, Inc.'s Reorganization Plan Confirmed
(DBN)

New competition has hit liquor chain Centennial hardest so far
(DBN)

14 Secret Menu Items You Can Order At Fast Food Restaurants
(DBN)

______________

Photography:

Kodak unloads patent portfolio, fulfilling DIP
(DBN)

What's Left for Kodak After Its $525 Million Patent Sale?
(DBN)

______________

Economy:

Boehner vows to press ahead with 'Plan B' votes --- Obama, Boehner Enter 'Plan B' Showdown --- Obama threatens veto of Republican plan, fiscal talks turn sour --- Stocks Tumble After Boehner's Angry Press Conference --- Proof That The White House Is Freaking Out About Boehner's New Fiscal Cliff Plan --- Plan B would raise taxes on the poor --- John Boehner's 'Plan B' Raises Just $300 Billion In New Revenue — And It Could End Up As A Political Disaster --- GOP Doesn't Agree on 'Plan B' --- Budget Talk Delays Could Stall 100 Million Returns --- All the fiscal cliff offers and counteroffers
(DBN)

Why Economy Could Slow Even With 'Fiscal Cliff' Deal
(DBN)

Fitch has warned the fiscal cliff may cost the U.S. its AAA rating
(DBN)

Why the GOP Should Help Obama
(DBN)

The media have discovered "chained CPI" and its sneaky social security cuts
(DBN)

TARP bailout close to breaking even
(DBN)

National Credit Default Rates Ticked Up in November 2012
(DBN)

Bellwether FedEx Sounds Mixed Message: Weak Economy, Except On The Web --- What FedEx Earnings Revealed About The State Of The Global Economy
(DBN)

Dubious Corporate Jet Use Shows Why We Badly Need More Transparency
(DBN)

Ally pays off remaining debt issued under U.S. program
(DBN)

Washington: Redistributing Wealth Upwards
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Housing Starts, Building Permits Fall --- Building Permits Increase as US Housing Rebounds
(DBN)

New MBS suits raise question: Who's filing put-back claims?
(DBN)

Top Md. Court to Review Ethics Case Against Lawyer Who Didn’t Personally Sign Foreclosure Affidavits
(DBN)

Bank of America has $64 billion in mortgages that are at least 6 months delinquent
(DBN)

Libor banking scandal may have cost US mortgage agencies $3 billion
(DBN)

TX: Resort's owners file for Chapter 11
(DBN)

CRA and the Housing Bubble
(DBN)

____________

Banking:

UBS pays price for 'epic' Libor scandal --- DOJ official says UBS deal 'very robust, very real'
(DBN)

UBS $1.5 Billion Libor Settlement Signals More to Come
(DBN)

Deutsche Bank, UBS Convicted by Milan Judge for Role in Fraud
(DBN)

How Libor rate rigging has put hospitals in crisis
(DBN)

Grassley: HSBC Should Face Criminal Charges
(DBN)

FDIC Files Lawsuit Against Former Peoples First Board of Directors
(DBN)

Attorney willing to settle FDIC suit
(DBN)

Cornerstone: FDIC D&O Lawsuit Filings Increased During Fourth Quarter
(DBN)

______________

Autos:

Treasury to sell remaining GM shares --- Gov't may lose billions --- Uncle Sam Books 50% Loss --- GM Buying 200 Million Shares as U.S. Seeks Exit --- Uncle Sam Unwinding GM Stake Holds Some Surprises
(DBN)

Akerson Vows Never Again as New GM Awaits Final U.S. Sale
(DBN)

The Liberation of General Motors
(DBN)

How the Treasury-GM Stock Deal Got Done
(DBN)

Why GM Is Glad the Feds Are Selling
(DBN)

Wanxiang president says ownership of A123 best for Southeast Michigan jobs
(DBN)

______________

IP:

Kodak sells digital imaging patents for $525M --- Apple, Google in group buying patents --- Almost Every Single Major Tech Company Came Together To Pay $525 Million For Kodak's Patents
(DBN)

______________

Apparel:

It's a Done Deal: Authentic Brands Group Buys HMX Group
(DBN)

Hickey Freeman sale approved by Bankruptcy Court judge
(DBN)

______________

Agriculture:

Bankruptcy lawyer to talk to Southwest Michigan farmers about their options
(DBN)

______________

Brokers:

MF Global judge wary of letting customers depose Corzine
(DBN)

______________

Municipalities:

Michigan appoints financial review team for Detroit
(DBN)

Detroit hopes to reap $50 mln from tax delinquents
(DBN)

Benton Harbor emergency financial manager expected to step down
(DBN)

State Rep. slams emergency manager bill
(DBN)

Altoona Act 47 recovery plan approved
(DBN)

PA: Distressed cities on senate agenda --- Senate Democrats' Plan for PA's Distressed Older Cities Falls Far Short of What's Needed
(DBN)

California City Fails to Pay Red Light Camera Bill
(DBN)

Clinic closing at Cooper Green
(DBN)

Are government pensions inviolable?
(DBN)

DC: Income Inequality Increasing in Capital
(DBN)

The 11 US Cities That Are Having The Worst Recoveries
(DBN)

The Best Places to Raise Kids 2013
(DBN)

______________

Mass Torts:

31 Ex-Clients Sue O’Quinn Law Firm, Say ‘Silicosis Litigation Machine’ Took Excess Expenses
(DBN)

______________

Telecoms:

LightSquared's Bid to Share Spectrum For Broadband Network Gets Mixed Reviews
(DBN)

______________

Education:

The Unequal State of America: The Decline of the Great Equalizer
(DBN)

______________

Religion:

Judge tosses provision preventing diocese from making any pension or charitable payments to abuser priests
(DBN)

______________

Tax:

No Bankruptcy Escape From Bad Tax Shelter And Compound Interest
(DBN)

Distressed Debt Advanced Lesson: CODI
(DBN)

Former Swiss Bank Advisers Face U.S. Conspiracy Charges
(DBN)

______________

Fashion:

Betsey Johnson, Back in the Pink
(DBN)

______________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (46 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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)

______________

Miscellaneous:

Eleven Chapters Filing: Thoughts on a Bankruptcy Filing by Santa’s Workshop
(DBN)

Bill on Bankruptcy: Big Surprises For AMR, MF Global Creditors
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Professional Compensation:

Marty L. Brimmage on bankruptcy fee enhancements
(DBN)

Firm's Fees Slashed, Judge Says Published Survey Of Billing Rates Inadequate Evidence of Reasonableness, Affidavits of Local Practitioners Required
(DBN)

______________

Bankruptcy Compensation:

Fact Check: Did Hostess executives receive huge raises while the company was descending into bankruptcy?
(DBN)

______________

Cross-Border:

Circuit Court Interprets Chapter 15 Mechanism for Cross-Border Insolvency Recognition
(DBN)

______________

Insurance:

Financial Coverage Issues: Obtaining D&O Proceeds
(DBN)

______________

Student Debt:

Bankruptcy Finally Ends Father’s 4-Year Struggle To Repay Dead Son’s Student Loan
(DBN)

CFPB releases exam procedures for student loans
(DBN)

_____________

Hotels:

Morreale Hotels files for bankruptcy , fights foreclosure action
(DBN)

______________

Corporate Governance:

Exclusive Forum Provisions: Putting on the Brakes
(DBN)

Memo to the Board of Directors: Preparing for 2013
(DBN)

______________

Fraud:

Madoff Victim to Speak at Brother's Sentencing, US Says
(DBN)

Madoff Brother A 'Victim,' Lawyer Says As Sentencing Looms
(DBN)

SAC Indictment Deadline May Show U.S. Hand on Cohen Deal
(DBN)

Socialite Levin sues TD Bank for alleged role in Rothstein's Ponzi scheme
(DBN)

______________

Hollywood:

Bankruptcy Court Judge Has Sharp Words For David Bergstein
(DBN)

______________

Skiing:

Judge clears Sno Mountain to continue operations
(DBN)

______________

Golf:

Ex-Trinitas owners move to keep suit alive
(DBN)

______________

Small Business:

Small Business Bankruptcy: 'Mom & Pop' on the Brink
(DBN)

______________

Bankruptcy Crimes:

Melchiori takes the Fifth on asset transfers offshore
(DBN)

______________

Corporate Reform:

After Libor, arguments against financial regulation are a joke
(DBN)

U.S. criminally charges two former UBS traders in Libor probe --- Jumbo fine isn't the end of UBS reputation woes --- Rate-Rigging at UBS: 'Routine and Widespread' --- UBS’s lies --- 'Hey, Superman': UBS Trader Bribed, Flattered Broker --- UBS brokers to U.S. clients: Libor isn't our fault --- UBS Trader Hayes Exposed at Core of Libor Investigation
(DBN)

Gibson Dunn advises as UBS reaches Libor settlement
(DBN)

Bolstered by Dodd-Frank, a once obscure regulator emerges from the shadows
(DBN)

Predicting the Dodd-Frank rules likely to emerge in the year ahead
(DBN)

Bumpy final stretch in US watchdog swaps overhaul
(DBN)

______________

Electricity:

SME to research its land ownership
(DBN)

Bankruptcy judge sets schedule for resolving Southern case
(DBN)

______________

Video Games:

THQ files for bankruptcy, Clearlake makes bid for assets --- Month After CFO Quit
(DBN)

Upbeat THQ president letter says "this is a new start for our company"
(DBN)

THQ is dead, long live THQ
(DBN)

THQ Is the Ghost of Video Gaming Future
(DBN)

______________

Sovereigns:

Holders of Defaulted Argentine Bonds Seek Documents From Lawyers
(DBN)

Seized Argentine ship sets sail
(DBN)

______________

UK:

Cross Border Restructuring and Insolvency Update - December 2012
(DBN)

New insolvency regulation 'too little too late'
(DBN)

Comet administrators' filings show quintet of legal advisers as fees unveiled
(DBN)

______________

PIIGS:

Ireland Passes Law to Bolster Housing --- Shatter warns banks on debt law
(DBN)

Banks found guilty in Italy's landmark derivatives trial
(DBN)

Greeks Freeze, Shut Schools as Taxes, Laws Push Up Price of Heat --- Greek Debt Is Continuing Its Incredible Run — But Now Greece Faces One Gigantic Challenge --- ECB offers Greece another boost
(DBN)

EU regulators approve restructuring of four Spanish banks
(DBN)

______________

France:

How France's Most Beloved Actor Ended Up At War With Hollande's Socialist Government
(DBN)

______________

Australia:

Insolvency firm's fraud claims hit court
(DBN)

Nine wins legal battle over creditors
(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