December 4, 2012

The Daily Bankruptcy News

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Law:

Bonus Watch: Milbank Matches Cravath
(DBN)

Kirkland Tops List of Most Valuable Law Firms --- Taking Stock --- The art of law firm valuation: How much is your firm worth?
(DBN)

New Survey Names the 20 Most Powerful Law Firm Brands in the World
(DBN)

DLA Piper tops global litigation ranking with turnover of $1bn
(DBN)

Bankruptcy MVP: Kirkland's Paul Basta
(DBN)

Gowlings expands Restructuring & Insolvency practice to the U.K. and Europe
(DBN)

Linklaters accounts reveal £2.5m payout for 2011-12's top earner
(DBN)

Linklaters' Aussie alliance partner names bankruptcy lawyer as new chairman
(DBN)

Greenberg Traurig Facing Potential Gender Bias Class Action Filed by Former Female Shareholder --- $200 Million Class Action Case Claims Women Are Being Elbowed Out By The Greenberg Traurig ‘Boys Club’
(DBN)

The Future of Law Is Officially a Joke
(DBN)

Law firms: The priciest partnerships
(DBN)

Lawyers in Binders: Breaking Free of Antiquated Ideas
(DBN)

Law Firms Eye Mergers In Race To Go Global
(DBN)

$200M Class Action Claims ‘Boys Club’ at Greenberg Traurig Hogs Work and Origination Credit
(DBN)

Prudent or Plentiful? How Law Firms Decide Year-End Associate Bonuses
(DBN)

Student Loan 'Forgiveness' Gives Law Schools A Massive Tax Subsidy
(DBN)

Law School Transparency: Will IBR/PAYE be good for future law school graduates?
(DBN)

Is Law School a Good Investment?
(DBN)

Law School Applications Plunge—Are Bloggers to Blame?
(DBN)

Complaint against law school survives motion to dismiss
(DBN)

Critics Are Not Persuaded by Dean’s Op-Ed Criticizing Anti-Law School ‘Hysteria’
(DBN)

Chuck Klosterman Becomes the Latest Human to Misunderstand the Point of Law School
(DBN)

Whiffing At The NYT On The Future Of Legal Education
(DBN)

Features in iOS 6 You May Not Know About --- Top 10 Creative Ways Lawyers Can Use an iPad --- Buying an iPad for a Lawyer — Some Advice --- Real Secrets To Presenting With Your iPad In Court --- Avvo Launches Avvo iPhone and iPad App for Lawyers
(DBN)

Lawyer Files Brief from Mental Hospital; License Briefly Suspended over CLE Lapse, Not Commitment
(DBN)

‘Marrying A Male Barrister Is A Disaster’
(DBN)

Lawyer jailed for fraud says prison saved her from corrupt career
(DBN)

A Bet At the Low End: Online Legal Ventures Multiply, and Sue
(DBN)

Holiday Gift Guide for Lawyers
(DBN)

Bride wins damages for faulty dress
(DBN)

Reprimand For Free Consultation That Got Billed
(DBN)

How A Legal Technicality Could Unravel Obamacare
(DBN)

The Amish Beard-Cutter Story Just Keeps Getting Stranger And Stranger
(DBN)

Tech Mogul John McAfee: I Faked My Own Capture
(DBN)

Supreme Court rejects appeal of Kentucky fen-phen lawyer
(DBN)

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Judges:

Study Reveals The True Purpose Of US Supreme Court Arguments
(DBN)

Justice Scalia Says He's Proud His Consistency Has Won Him Enemies
(DBN)

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Wall Street:

Stock futures signal slightly higher open
(DBN)

Stocks edge lower after report shows that “fiscal cliff” weighed on manufacturing last month
(DBN)

Cerberus May Join Virtu Financial In Bid For Knight Capital
(DBN)

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Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Celebs:

Lenny Dykstra Receives Jail Time For Fraud
(DBN)

The IRS Has Seized Lindsay Lohan's Bank Accounts
(DBN)

LeBron James Apparently Sends His Financial Statements To Warren Buffett Sometimes
(DBN)

The Broke and the Beautiful: Sean Quinn Edition
(DBN)

Toni Braxton on Being Bankrupt, Lessons Learned
(DBN)

Bankrupt Warren Sapp Tries To Lower Child Support Payments
(DBN)

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Banking:

WaMu Trustees Seek Goldman Probe
(DBN)

FDIC sues Aaron’s founder Charlie Loudermilk, other execs of failed bank
(DBN)

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Health Care:

Another New York hospital goes Chapter 11
(DBN)

Interfaith Medical Center in New York to File for Chapter 11 Bankruptcy
(DBN)

New 'Faces Of Meth' Ad Is Harrowing
(DBN)

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Municipalities:

Resolving municipal distress: Chapter 9 and public-private partnerships
(DBN)

Videocast-Francis Lawall – Municipalities and Chapter 9 of the Bankruptcy Code
(DBN)

Fiscal struggle puts Detroit under credit cloud
(DBN)

Detroit council wants to know more about city's grave financial condition
(DBN)

Motown's Mental Breakdown
(DBN)

Pension bondholders support San Bernardino bankruptcy filing
(DBN)

Stockton Closely Watching San Bernardino's CalPERS Case
(DBN)

San Bernardino official amends his 'lock doors, load guns' remark
(DBN)

California predicts $1bn budget surplus
(DBN)

Slowest Growing Cities of the Last 20 Years
(DBN)

The 10 Cities Where Americans Spend The Most
(DBN)

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Economy:

Here's The GOP's First Counteroffer To Obama On The Fiscal Cliff --- Negotiators, Cliff Divers Race Each Other --- The House Makes an 'Offer' --- The GOP Fiscal Cliff Counteroffer Is Brilliant—And It's Actually A Really Good Sign --- There's Been A Shift In The Fiscal Cliff Debate — And It's Not In Obama's Favor --- This One Image Shows How Difficult It Is For John Boehner To Negotiate With Obama --- GOP Has Fiscal Cliff Plan: Cut Medicare and Social Security --- Raising Medicare Age: Saves Feds $5.7bn, Costs Us $11.4bn
(DBN)

Obama plan has $200 billion in economic boosters
(DBN)

Manufacturing Unexpectedly Contracts in November
(DBN)

U.S. Markit factory index hits six-month high 52.8
(DBN)

U.S. CFO Outlook for 2013 Dims: Report
(DBN)

Wells Fargo: Business Owners Turn Pessimistic Post-Election
(DBN)

Global Economy is Fine: US Might Not Be
(DBN)

Happy 5th Anniversary, Great Recession
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Construction Spending in U.S. Increases More Than Forecast
(DBN)

Available Housing Inventory Is Collapsing
(DBN)

Mortgage Bond Sales Jumping 45% Hurt Fed's Buying Efforts
(DBN)

Senators for Housing Busts
(DBN)

Why Banks Are Enjoying Record Mortgage Revenue
(DBN)

No Foreclosure for the Holidays?
(DBN)

Massachusetts foreclosure deeds drop to 5-year low
(DBN)

FHA to sell 40,000 distressed loans to bulk up funds
(DBN)

Fewer CMBS loans require special servicing
(DBN)

Pittsburg: Union Trust Building in bankruptcy court, its future uncertain
(DBN)

Investors' Risky Bet on the Ghost of Freddie Past
(DBN)

WCI's CEO, Fry, resigns abruptly
(DBN)

CBRE: Multifamily Vacancy Rate Will Rise In 2013
(DBN)

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Alternative Energy:

Opposition Grows to Sale of A123 Systems to China
(DBN)

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Fraud:

November 2012 Ponzi Scheme Roundup
(DBN)

Dream Insider Informant Led FBI From Galleon to SAC
(DBN)

National Lampoon CEO Gets 50 Years in Prison For Fraud Case
(DBN)

Life After a Ponzi Scheme: Victim Turns Million-Dollar Loss into Literature
(DBN)

IRS Reports Increased Tax Refund Thefts
(DBN)

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Accounting:

SEC Says Big Four Audit China-Affiliates Blocked Probe
(DBN)

Ernst & Young to Pay $117 Million to Settle Sino -Forest Claim
(DBN)

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Education:

Texas Attorney General tries to block $500,000 loan to Lon Morris to ensure fairness in bankruptcy dealings
(DBN)

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IP:

Hostess' intellectual property portfolio worth $135 million
(DBN)

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Politics:

Hart offers to pay just $3,816 to settle more than $626,000 in tax debts
(DBN)

How Elizabeth Warren May Affect Your Personal Finances
(DBN)

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Shipping:

Strikers Have Shut Down Two Of The Most Important Economic Gateways In The World—And It's Costing The US Billions
(DBN)

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Aviation:

American Airline workers voting to unionize
(DBN)

US Airways Pilots Investigate PBGC-Trusteed Pension
(DBN)

Why The Mile High Club Is A Bad Idea
(DBN)

The TSA Keeps Finding Swords Hidden In Passengers' Canes
(DBN)

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Newspapers:

Newspapers Are Losing $13 Of Print Revenue For Every $1 Of Digital Revenue
(DBN)

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Brokers:

House Democrats: MF Global 'Blatantly Misled' Regulator
(DBN)

Democrats: Lax Regulation, Not Corzine Alone, At Fault For MF Global
(DBN)

Jon Corzine snapped skulking the streets of Long Island, has kept low profile since MF Global's collapse
(DBN)

New York futures broker fined $650,000 for not segregating funds
(DBN)

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Corporate Reform:

It’s Business Execs—Not Obama—Who Don’t Get the Rules of Capitalism
(DBN)

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Radio:

Clear Channel may struggle with $10b maturity wall in 2016
(DBN)

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Food/Beverage:

Yoshi's SF Files for Bankruptcy , But Says It's Not in Peril
(DBN)

Want to buy a slice of an upscale pizza chain?
(DBN)

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Electricity:

Power group bankruptcy case drags on
(DBN)

______________

Hollywood:

City of Port St. Lucie OKs potential settlement with Digital Domain
(DBN)

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Commodities:

Olam’s Bond Sale Only Delays Collapse, Muddy Waters Says
(DBN)

'Big gun' helps Olam deflect new Muddy Waters salvo
(DBN)

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Bankruptcy Crimes:

Getting Away With Bankruptcy Fraud?
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (48 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (21 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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Bankruptcy Statistics:

Rochester: Bankruptcy filings again decline in the region
(DBN)

Hawaii: Bankruptcy filings continue to decline
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Reform:

Bankruptcy Commission Expects Major Overhaul for Chapter 11 Code
(DBN)

Labor issues on tap for US bankruptcy commission
(DBN)

ABI Chapter 11 Commission Field Hearing, 11/30/2012 - Video
(DBN)

Statements: William Derrough --- Mark Shapiro --- Jennifer Taylor --- Janet Chubb
(DBN)

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Property of the Estate:

Right of Publicity as an Asset in Bankruptcy?
(DBN)

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Venue:

Because of Winn-Dixie? SDNY Bankruptcy Court Looks Beyond Literal Compliance with Venue Statute and Transfers Patriot Coal Cases to Eastern District of Missouri
(DBN)

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DIP Finance:

ATP Oil & Gas DIP loan falls to level rarely seen in such bankruptcy financings
(DBN)

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Automatic Stay:

Feds tell SCOTUS no need to review immunity waiver for violation of automatic stay
(DBN)

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Recent Pleadings:

Examiner Sought In ATP Case
(DBN)

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Weather:

Hurricane Sandy Boosts Detroit As November Auto Sales Hit 5 Year Highs
(DBN)

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Insurance:

What to Watch Now in the World of D&O
(DBN)

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Labor:

When Bankruptcy Precludes Employment Claims
(DBN)

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Autos:

Supreme Court lets GM workers pursue case against State Street
(DBN)

All eyes on this week's A123 auction
(DBN)

American Suzuki Motor Corporation Provides Update on Automotive Dealer Agreements
(DBN)

______________

Cash Management:

BNY Win in $312 Million Sentinel Case Withdrawn by Court
(DBN)

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Sovereigns:

Paul Singer Just Set Up The Next Battle In His War With Argentina
(DBN)

Argentina Swaps Traders Lose 81% as Default Risk Recedes
(DBN)

Why Argentina is now paying for its dangerously successful economic story
(DBN)

BNY Mellon joins Argentina spat
(DBN)

______________

UK:

Irish tax chiefs in unprecedented challenge to NI bankruptcy ruling
(DBN)

Grim picture for Cumbrian construction firms
(DBN)

Local insolvency firm gives back this Christmas
(DBN)

4m will use payday loans for Christmas spending
(DBN)

______________

EU:

ECB must supervise all banks, avoid dual system: France's Moscovici
(DBN)

European Stocks Seen Subdued On Growth Concerns
(DBN)

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PIIGS:

How Greece's Buyback Deal Works --- Greece Saved, but at What Cost? --- Mother of former Greek PM linked to "The Lagarde List" --- Prosthetic Legs Placed Outside Of Greek Parliament --- Quality of life in Athens lowest in western Europe, survey suggests
(DBN)

Future Is Hazy for Spain --- Why Spain scares the market
(DBN)

Italy's Incredible Debt Run
(DBN)

ie: FitzPatrick to face court quiz over UK office --- Solicitor's wife 'received death threats in post' --- O'Donnell denies rent at 'absurdly low' level --- Ex-IRA Man Losing Home Shows Ireland’s Banking Future
(DBN)

Italy, Spain bonds extend gains on Greek relief
(DBN)

______________

Canada:

Regulator accuses Ernst & Young of failure in Sino-Forest audits
(DBN)

The Characterization of Equity Claims – Separating the Forest from the Trees
(DBN)

U.S. Pension Ruling Offers Relief To Private Equity Funds
(DBN)

______________

China:

The End Of The Road For Insolvent China BAK
(DBN)

Rail Traffic Confirms That The World's #2 Biggest Economy Is Starting To Strengthen Again
(DBN)

______________

Australia:

RBA Cuts Key Rate to Half-Century Low of 3% as Hiring Weakens
(DBN)

______________

MENA:

ElBaradei: Egypt's New President Is A Bigger Dictator Than Mubarak Ever Was
(DBN)

Egypt's Crisis is Widening
(DBN)

Rebels Closing in on Damascus
(DBN)

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Copyright 2012