December 3, 2012

The Daily Bankruptcy News

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Law:

Judge OKs Suit By More Dewey Creditors, But Insurance Might Not Pay
(DBN)

Cadwalader and Debevoise Match Cravath --- Bonus Time — 2012
(DBN)

Weil Names New Bankruptcy Partner --- Garrett Fail
(DBN)

Consultant: Rainmaking as Much About Data as Handshakes
(DBN)

The Value of Developing Relationships with Outside Counsel
(DBN)

December Is A Month Like No Other
(DBN)

Career Meltdowns: Not making partner is not the only one
(DBN)

Law Firm Efficiency: Responsiveness, Reflection and Checklists
(DBN)

The Art of Law Firm Valuation: How Much Is Your Firm Really Worth?
(DBN)

Associate's Failure to Keep Secrets a Cautionary Tale for Young Lawyers
(DBN)

In Autonomy Debacle, HP Turns to Morgan Lewis
(DBN)

Pentagon Lawyer Describes Life after the War with Al Qaeda
(DBN)

KPMG Study Examines How General Counsel Can Add Value
(DBN)

Some New Phone Features Are Useless To Me
(DBN)

Outspoken Dean Is Making His Students Sick By Defending Law School
(DBN)

Students and Recent Graduates Speak Out About Dean Mitchell’s Defense of Law School
(DBN)

Law Prof Alleges Racial Bias in Hiring of Interim Dean
(DBN)

Comparison of 2010 and 2012 Enrollment and Profile Data and Thoughts on 2013
(DBN)

Quote of the Day: A Polite Way of Showing Law Review Haters Where to Stick It
(DBN)

Law School Transparency: Why should $50,000 per year law school tuition be enabled by taxpayer subsidies? --- Sarah's problem ---Scholarshame
(DBN)

Feminists Are Slamming Law Students For Insinuating Women Only Succeed Through Sex
(DBN)

"The End of Men" - Pittsburgh lawyer Sarah Andrews
(DBN)

Ten Phrases Lawyers Hear That Portend Disaster
(DBN)

Tiny New York law firm is pretty much the only beneficiary of 'say on pay' lawsuits
(DBN)

Law Firm Posts Seemingly Drunken Rant From Rebuffed SEO Salesman to the Web
(DBN)

Lawyer Clark Griffith after dropping trou on Grand Avenue: "Last night was awesome"
(DBN)

Jurors Acquit Lawyer Charged with Felony for Allowing Suspect to Use Her Cellphone
(DBN)

'Bow And Arrow-Type' Assault Leaves Three Dead At A Wyoming College
(DBN)

US Open Judge Cleared Of Killing Her Husband With A Coffee Mug
(DBN)

I Love My iPhone - Too Much
(DBN)

Police force woman to take down middle-finger Christmas lights she set up as message to her neighbors
(DBN)

Say What?!
(DBN)

______________

Judges:

Ginsburg’s Love of Job Shows Problems with ‘Supreme Court Vacancy Sweepstakes’
(DBN)

Justices Interrupt What They Don't Like
(DBN)

NY court administrators propose $1.75 bln budget
(DBN)

Judge Facing Disciplinary Action Over Viewing P--- at Work Admits Longtime Addiction
(DBN)

Judge in Video Tirade Admits Some Anger Issues; Recommended Sanction Would Keep Him on Bench
(DBN)

Justice Scalia Says Anyone Who Disagrees With His New Book Is Just Wrong
(DBN)

Judge Zinger
(DBN)

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Wall Street:

Stock futures signal early gains
(DBN)

Dow Ekes out a Gain as Stocks Close Mixed
(DBN)

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

Knight Board Said Meeting Dec. 3 to Study Getco, Virtu Bids
(DBN)

______________

Layoffs:

Many jobless in US don't collect unemployment
(DBN)

Sandy Probably Dealt Blow to Jobs Rebound
(DBN)

Unemployment benefits cost: $520 billion
(DBN)

US Entertainment industry workers protest layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

Madoff Trustee Seeks to Block $80 Million Fairfield Settlement
(DBN)

Ind. financier gets 50 years for $200m swindle --- Timothy Durham: U.S. District Judge Jane Magus-Stinson sends message with 50-year sentence
(DBN)

SEC Seen Waiting for Prosecutors Before Pursuing SAC --- Steven Cohen Could Be Target Of Civil And Criminal Action
(DBN)

SAC's Cohen shows no signs of retreat despite scandal
(DBN)

Old testimony may bite Cohen in SEC case
(DBN)

Obscure Insider Trading Case That Started It All
(DBN)

______________

Municipalities:

Has the Municipal Bankruptcy Tide Shifted?
(DBN)

Are Holders of Net Revenue Bonds Required to Pay the Freight on Chapter 9? Part 2 of 2
(DBN)

Court risks are multiplying for US muni buyers
(DBN)

Houston economy ranked top in US, 40th worldwide --- Dallas One of Only 3 Major US Cities in Full Recovery
(DBN)

NY: Financial demands could break school districts --- Many districts will be insolvent in 4 years
(DBN)

Bankrupt Calif. town's city attorney warns of public safety cuts: 'Lock your doors and load your guns' --- Comment stirs debate
(DBN)

San Bernardino expects 'death' if bankruptcy protection lost
(DBN)

San Bernardino meets bankruptcy filing deadline --- San Bernardino court filing argues it's eligible for bankruptcy
(DBN)

Calpers Seeks to Sue San Bernardino Over Pension Payments
(DBN)

Detroit seen as bankruptcy -bound
(DBN)

Kwame's Ex-Lover Christine Beatty Broke: Files for Bankruptcy
(DBN)

Lawmaker Takes 'Dissolve Detroit' Plan To National Media
(DBN)

Detroit Mayor: Workers Need to 'Share the Pain' to Avoid City Bankruptcy --- Bing: Detroit Mayorship Second Hardest Job in US
(DBN)

It won't get easier for Detroit
(DBN)

Same old, same old is sinking Detroit amid dire finances
(DBN)

As Companies Seek Tax Deals, Governments Pay High Price
(DBN)

The 20 Richest Metros in America (the First 2 Will Surprise You)
(DBN)

How New York Became One Of The Safest Cities In The World
(DBN)

______________

Education:

Campus Of Bankrupt College Is Frozen In Time
(DBN)

More endowment controversy for Lon Morris bankruptcy estate --- College sued over endowments, asked to delay auction
(DBN)

Toronto School of Art declares bankruptcy
(DBN)

______________

Alternative Energy:

Wanxiang makes its case for battery-maker A123
(DBN)

Chinese bid for A123 may raise security risks: Senators
(DBN)

Everyone is losing hope for green energy
(DBN)

______________

Aviation:

American Airlines asks for more time to control bankruptcy
(DBN)

AMR loses $164 million in October, or $92 million excluding bankruptcy-related items --- Sandy, operational problems plague carrier
(DBN)

American Airlines Marred Own Upswing
(DBN)

American Airlines to refund prepaid insurance money ‘quickly’ to employees
(DBN)

As American Airlines closes down its Alliance base, an insider’s view
(DBN)

US Airways Investors Hoping For Merger Bailout May Be Disappointed
(DBN)

HBC Sees January 31 Emergence from Bankruptcy
(DBN)

______________

Resorts:

Price chopped for stalled Central Oregon resort
(DBN)

Atlantic City's Revel resort, $1.3B in debt, faces potential bankruptcy or foreclosure
(DBN)

Judge to rule on Snö Mountain bankruptcy
(DBN)

______________

Economy:

Corporate profits hit record as wages get squeezed
(DBN)

Income Not on Pace With Housing, Transit
(DBN)

Fed Presidents Back More Stimulus as End to Twist Looms
(DBN)

Geithner: No Social Security talks now --- Geithner predicts Republicans will allow higher tax rates --- Boehner 'flabbergasted' by Treasury secretary's plan to avoid fiscal cliff --- Geithner invites GOP counteroffer --- Geithner Fight on Fiscal Cliff Invokes Dodd-Frank Resolve
(DBN)

'Fiscal Cliff' Maneuvers Are All About the Holiday
(DBN)

Lindsey Graham: ‘I think we’re going over the cliff’
(DBN)

Cliff-Skeptics in Both Parties Deepen Fiscal Challenges
(DBN)

White House, GOP blame each other over stalled fiscal-cliff talks
(DBN)

Goldman: Economic Crisis Ends in 2013
(DBN)

Is the Economy Hitting a Rough Patch?
(DBN)

US: Incomes Edge Up, Expenditures Dip
(DBN)

Who Got the Biggest Tax Break in the Last 30 Years?
(DBN)

Credit Managers' Index Regains Most of October Loss
(DBN)

U.S. Small-Business Owners Pessimistic Post-Election
(DBN)

Americans Most Likely to Say They Belong to the Middle Class
(DBN)

Middle-Class Miami Spends 72% of Its Income on Housing and Transportation
(DBN)

An Uneven Recovery in the Cities of the World
(DBN)

Top Economies Slow Sharply
(DBN)

One State's Job Growth Blows The Rest Of The Country Out Of The Water
(DBN)

U.S. Birth Rate Falls to Record Low; Decline Is Greatest Among Immigrants
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Six Reasons to Fear the Overhang of Unsold Houses
(DBN)

The Foreclosure Crisis Isn't Over Just Yet
(DBN)

8 Major Indicators All Confirm A Strong Recovery In US Home Prices
(DBN)

The Federal Housing Administration Is Turning Homeowners Into Squatters
(DBN)

2013 Jumbo Loan Limits : Loan Sizes Up To $729,750
(DBN)

Albany: Breakwater Equity Partners Thwarts Foreclosure at 3500 Maple
(DBN)

Banker gets 1-day sentence
(DBN)

Banks choose not to foreclose on many abandoned houses
(DBN)

The 15 Worst Housing Markets For The Next Five Years
(DBN)

____________

 

Politics:

Shadow of Mitt Romney Loss Leaves Republicans in Disarray
(DBN)

Senate Banking Committee is natural fit for Senator-elect Elizabeth Warren --- As Senator, How Might Elizabeth Warren Help Your Finances? --- The Elizabeth Warren Cash Machine
(DBN)

My How Things Have Changed
(DBN)

______________

Corporate Reform:

One of US richest finds himself on the NY hot seat
(DBN)

SEC head dragged her feet on new rule at urging of lobbyist, GOP congressman
(DBN)

The Hedge Fund World Is Furious With The Head Of The SEC Right Now
(DBN)

Harbinger’s Falcone Ask Court to Throw Out SEC Lawsuits
(DBN)

New Financial Overseer Looks for Advice in All the Wrong Places
(DBN)

______________

Food/Beverage:

Hostess executives' salaries jumped after initial bankruptcy
(DBN)

Hostess' failure simmered for years
(DBN)

Hostess CEO: No pay cut
(DBN)

Rooting for Goliath not always a bad idea
(DBN)

Snack brands can’t contain them shelves
(DBN)

Hostess Brands: Judge tells company to sell quickly, pay for liquidation help
(DBN)

Union leadership failed Hostess Brands employees
(DBN)

Potential Hostess buyers will avoid some pitfalls, but not all
(DBN)

______________

Autos:

Saab Freaks, Here's an Auction for You
(DBN)

Flaherty: No fire sale of public GM shares
(DBN)

Chrysler to give 26,200 workers nationwide an early $1,750 bonus
(DBN)

Aston Martin at risk of downgrade
(DBN)

______________

Celebs:

Dykstra to be sentenced in bankruptcy fraud case
(DBN)

Braxton blames bankruptcy on decor habit
(DBN)

Gary Busey Emerges From Bankruptcy in Massive Debt
(DBN)

Gemma Merna says bankruptcy has left her in an absolute nightmare
(DBN)

I'm A Celebrity's Ashley Roberts left family and bankruptcy worries behind as she entered jungle
(DBN)

Strauss-Kahn Reportedly Reaches Settlement with Maid --- DSK Lawyers Deny There's a $6-Million Civil Settlement
(DBN)

'RHONJ' star Teresa Giudice's husband doesn't care about going to jail
(DBN)

Allen Iverson loses home to foreclosure
(DBN)

______________

Equipment Rental:

Judge balks at Aherns Rentals' reorganization plan
(DBN)

______________

Consultants:

Michael Porter's last lesson
(DBN)

______________

Electricity:

Dynegy: Power plants sale is ongoing
(DBN)

______________

Newspapers:

Journal Register Company Begins Auction --- Journal Register Company, hedge fund sign purchase agreement
(DBN)

Newspaper acquisition market keeps churning: Colorado Springs Gazette resold after four months
(DBN)

______________

Commodities:

Muddy Waters wrong on risk of insolvency : Olam
(DBN)

______________

Banking:

Big Banks Oppose FDIC Guarantee Program
(DBN)

Kocherlakota says judge TBTF by credit default swap prices
(DBN)

Some Banks Hoping To Be Too Small To Fail
(DBN)

UBS near $450 million settlement with US, UK over Libor
(DBN)

Putting Your Lawyer's Number On Speed Dial
(DBN)

Dexia wind down could 'endanger' banking system
(DBN)

HSBC to start selling £25bn of toxic US debt
(DBN)

______________

Debt Collection:

Brad Pitt Developing Debt Collector Series for HBO
(DBN)

______________

Hedge Funds:

Hedge Funds, Expecting a Bigger Buyback, Snap Up Greek Debt
(DBN)

______________

Logistics:

S&P downgrades IAP Worldwide Services to 'SD', 'distressed' amendment and restatement 'tantamount to default'
(DBN)

______________

Corporate Governance:

Chancery Addresses Default Fiduciary Duties in LLC Context
(DBN)

______________

Photography:

What Kodak could still learn from Polaroid
(DBN)

______________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (51 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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)

______________

Recent Pleadings:

Journal Register Seeks Stalking Horse Bid Procedures
(DBN)

______________

Alter Ego:

Old And Cold QPRT Stands Up To Alter Ego Challenge
(DBN)

______________

Avoidance Actions:

Avoiding fraudulent transfer liability for S-corporation tax payments
(DBN)

Valuing Forbearance in Fraudulent Transfer Actions
(DBN)

______________

Plan Confirmation:

'Circus & Eldorado' Court Rules on 'Bad Faith' for Vote Designation
(DBN)

______________

Personal Bankruptcy:

Preparing the Perfect Bankruptcy Petition
(DBN)

______________

Venue:

Patriot bankruptcy case biggest in St. Louis since Interco
(DBN)

______________

Bankruptcy Poetry:

Twas the Night Before Bankruptcy Rules Amendments
(DBN)

______________

Workouts:

Account for Lien Priority and Avoidance Considerations in Bankruptcy
(DBN)

______________

Trustees:

NM: Bankruptcy trustee fights ouster maneuver
(DBN)

______________

Insurance:

Small Durham insurance company files for bankruptcy
(DBN)

Bank of America loses leverage ahead of MBIA case
(DBN)

______________

Weather:

ISM, jobs data in eye of the storm --- Was she or wasn't she? --- Payment on Sandy Claims to Arrive Sooner --- Hurricane Sandy Teaches Ethics, Preparedness Lessons --- Will Hurricane Sandy relief fall off the 'fiscal cliff?' --- Poll: New Yorkers Hail Handling Of Superstorm Sandy By Gov. Cuomo and Mayor Bloomberg, But Not Power Companies
(DBN)

_____________

Finance:

Junk Bonds Are So Popular Now They're Dangerous
(DBN)

Small-business borrowing surges in October
(DBN)

______________

Tax:

Few Places to Hide as Taxes Trend Higher Worldwide
(DBN - NY Times - Paywall Limit Possible)

Hate Paying Taxes? 12 Quotes You'll Love
(DBN)

Obama Should Take On the 47 Percent
(DBN)

______________

Health Care:

Hospital in Central Brooklyn Plans to Declare Bankruptcy --- Another bankrupt Brooklyn hospital --- Leery of a Merger, a Hospital in Brooklyn Plans to Declare Bankruptcy
(DBN)

Fitch: Outlook Not All Rosy for Hospitals, Providers in 2013
(DBN)

SEC Issues Notice to West Penn Regarding 2008 Accounting Error
(DBN)

America's stunningly overpriced healthcare system
(DBN)

______________

Brokers:

MF Global: Anatomy of a Risk-Management Breakdown
(DBN)

______________

Sovereigns:

Holdout investors seek deposit from Argentina by December 10
(DBN)

For Argentina holdout fund, a decade's pursuit may pay off
(DBN)

U.S. Second Circuit Requires Argentina to Pay Defaulted Sovereign Debt Under “Equal Treatment” Clause
(DBN)

Anatomy of a sovereign debt restructure
(DBN)

Casting doubt on debt deals
(DBN)

______________

UK:

Tax paid by some global firms in UK 'an insult' --- Committee calls on taxman to be tougher on multinationals --- Osborne Pledges Tax Clampdown as Starbucks to Pay
(DBN)

Firms leave £20m unclaimed from bankruptcies
(DBN)

Gowlings turns to Osborne Clarke to strengthen City restructuring team
(DBN)

Shock rise in diabetes cases could leave NHS bankrupt
(DBN)

Birmingham faces 50% cut in services
(DBN)

Hundreds of JJB Sports' creditors will get nothing, says administrator
(DBN)

Lenders agree to Biffa restructuring
(DBN)

SFO probes 60m collapse of Arck
(DBN)

______________

EU:

Hope for Europe rises as game of pretence ends
(DBN)

Germany's Approval on Greek Deal Surges Euro
(DBN)

EFSF, European Stability Mechanism Ratings Cut by Moody's
(DBN)

Japan-Style 'Lost Decade' Still Looms for Euro Zone
(DBN)

______________

PIIGS:

Greece Is Staging A Huge Rally, As Angela Merkel Hints At A Gamechanger --- Euro Zone Finance Ministers to Meet Again on Greek Bailout --- Greece Makes Buyback Offer as Merkel Floats Writeoffs --- Greek Tragedies: Three Scenarios and Outcomes --- Greek deal puts euro zone in slow recovery room --- Greece delays bank results ahead of debt buyback --- Hedge Funds May Hold Back Greek Bond Plan, Nomura Says --- Greek buyback looks destined to succeed --- In the End, Greek Crisis Will Hit Taxpayers --- What's Missing in the Latest Greek Bailout --- Merkel does not rule out Greek haircut after 2014 --- Memorandum brings forward selloff projects --- Tax ceiling for large families causes rift in coalition --- Former Greece PM's Mother in Tax Claims
(DBN)

After Greece: Ireland's next move --- ie: O'Donnell finds bankruptcy a 'chastening experience' --- Belfast sky-scraper repossessed
(DBN)

______________

Canada:

Bankrupt lawyer's home torched
(DBN)

May receivers and trustees require disclosure of passwords to do their work?
(DBN)

______________

China:

China's Manufacturing PMI Expands for a Second Month
(DBN)

______________

Malaysia:

Bankruptcy laws to be changed
(DBN)

______________

Bangladesh:

Break-up with Walmart may send Tazreen to bankruptcy
(DBN)

______________

Russia:

Highly anticipated bankruptcy bill still under debate
(DBN)

______________

Iceland:

Kaupthing Postpones Creditor Deal Amid Central Bank Delays
(DBN)

Bank creditors fear Icelandic backlash
(DBN)

______________

Cyprus:

Demetriades reveals deal for Cyprus bailout
(DBN)

______________

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Copyright 2012