December 7, 2012

The Daily Bankruptcy News

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Law:

Bonus Watch: Sullivan & Cromwell Speaks --- Weil You Wait
(DBN)

DLA partner suspended for allegedly punching fellow partner
(DBN)

From Biglaw to Boutique: Cream of the Crop
(DBN)

Jenner & Block's Mother Circle
(DBN)

Lawyer Busted For Claiming She Had A Disability To Get More Time On The Bar Exam
(DBN)

New Orleans US Attorney Resigns Amidst Ethics Probe re Top Assistants’ Internet Postings
(DBN)

Clifford Chance cuts trainee numbers by 23%
(DBN)

Mega-Mergers Transform the Canadian Legal Market
(DBN)

At NLJ Regulatory Summit, Firm Leaders Cautiously Optimistic About 2013
(DBN)

Firm shakes up post-merger partner notice terms
(DBN)

Why It May Be a Good Time to Apply to Law School: Less Competition
(DBN)

Stealth Restructuring in Legal Education
(DBN)

Law School Transparency: Top 30 law school continues to tout phony employment stats to prospective students
(DBN)

Deconstructing the Law School Deconstructionists
(DBN)

November Lawyer of the Month: Mommie Dearest
(DBN)

2 Leading Lawyers Face Unusual Ethics Case re Claimed Conflict in Representing Corp. and Workers
(DBN)

Creating Dual Career Tracks
(DBN)

Flexible Work Hours Dramatically Affect Happiness
(DBN)

Husband responds to lawyer's "Marry a house-husband!" comment
(DBN)

iPad For Lawyers - Questions From You/Answers From Me
(DBN)

Ex-Attorney Working as Paralegal Charged With Stealing Boss Lawyer’s ID to Practice in Calif. Court
(DBN)

Cops: Patron Attacked McDonald's Worker Over Unwanted Cheese On His Hamburger
(DBN)

Inmates Allege Hot Sauce Abuse By Prison Guards
(DBN)

Associate quits law for cheese
(DBN)

As Pot Backers in Washington Celebrate Legalization in Smoky Haze, Seattle US Attorney Has a Warning
(DBN)

Mug Shots
(DBN)

Cleveland: 137 Bullets to Kill 2 Unarmed Men
(DBN)

Girl robs bank, makes YouTube video, gets caught
(DBN)

Photographers Portray Prisoners' Documented Last Meals
(DBN)

Bickel & Brewer disqualified
(DBN)

Man smashed JetBlue plane window because he couldn't sit with his mother, police
(DBN)

Suspected subway pusher says he was acting in self-defense
(DBN)

Say What?!
(DBN)

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Judges:

Latest Lawyer Sentenced in Judicial Bribery Case Gets 3.5 Years in Federal Prison
(DBN)

Judge Accused of Marketing Materials for her For-Profit Religious Ministry at Courthouse
(DBN)

Supreme Court Considers Custody Dispute
(DBN)

The Funniest Justice, week 6: International laughter
(DBN)

Senate Moving on Stalled Judicial Nominees
(DBN)

Judge seeks to have bankruptcy case dismissed
(DBN)

Retiring judge faces probe into conduct
(DBN)

Federal judges file class action demanding pay raise
(DBN)

Brooklyn judge's libel suit against Daily News dismissed
(DBN)

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Wall Street:

Stock futures flat; wary investors await payrolls
(DBN)

Stocks Close Higher Ahead of Jobs Report, Led by Techs
(DBN)

JP Morgan Bonus Pool To Drop Up To 2%
(DBN)

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Layoffs:

U.S. Unadjusted Unemployment Shoots Back Up
(DBN)

Planned Job Cuts At U.S. Firms Up 20%
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

Goldman Sachs, Barclays Join Creditor Group in AMR Bankruptcy
(DBN)

Ad hoc creditors’ committee lists nearly $2 billion in AMR claims, debt, etc.
(DBN)

AMR Creditor Lawyer Said to Warn Pilots on Contract Vote
(DBN)

Beechcraft delivery forecast might be overly ambitious, observers say
(DBN)

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Religion:

Church, school eye bankruptcy mediation
(DBN)

Bankruptcy judge: local parishes won't have to pay for priest sex-abuse --- Archdiocese, parishes win key victory in bankruptcy
(DBN)

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Food/Beverage:

How Much Is a Twinkie Worth?
(DBN)

Hostess: Our Ceremonious Farewell
(DBN)

Hostess Brands Releases Statement About Compensation For CEO
(DBN)

Woman with large dental bill becomes a Twinkies kingpin
(DBN)

Florida firm cited for $260,000 in PACA debts
(DBN)

Bank claim stalls Market 52 PACA case
(DBN)

Chain aiming to exit Ch. 11
(DBN)

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Politics:

Elizabeth Warren : Lady in Red
(DBN)

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Corporate Reform:

Chicago to Provide CFPB with Intel on Lenders --- Rich Cordray and Rahm Emanuel team up to fight fraud in Chicago in model that could come to Columbus
(DBN)

Dodd-Frank rules approaching quickly
(DBN)

Neil Barofsky says bringing transparency to banks at top of SEC to do list
(DBN)

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Building Materials:

W.T. Harvey Lumber Company says slumping housing market, competition led to bankruptcy protection filing
(DBN)

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Economy:

Jobless Claims in U.S. Lower Than Forecast as Storm Effect Wanes --- Hurricane Sandy and the jobs report --- U.S. jobless claims drop 25,000 to 370,000
(DBN)

November Job Cuts Surge 34% on Hostess
(DBN)

Economy to Break Loose in 2013
(DBN)

The Chart That Really Puts Our National Debt Into Context
(DBN)

Economists Are Expecting A Big Drop In Today's Jobs Report – Here's What You Need To Know
(DBN)

GOP to Boehner: Stop Fighting Tax Hikes
(DBN)

GOP: No Way to Ceding Debt Limit Power
(DBN)

Grover Norquist: We're Going Over the 'Fiscal Cliff'
(DBN)

Eliminate state and local tax deduction instead of raising marginal rates
(DBN)

High-income Californians may pay nation's highest tax rate
(DBN)

Cory Booker Taking Food Stamp Challenge
(DBN)

What It's Like To Live On $1 A Day
(DBN)

Small business hiring plans hit post-recession low as fiscal cliff nears
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage rates tick up, above record low
(DBN)

Pro Bono Lawyer Who Exposed Robo-Signing Wins $100K 'Purpose Prize'
(DBN)

Robosigning: What Happens In Vegas Doesn't Always Stay In Vegas
(DBN)

Foreclosure sales rise in quarter
(DBN)

Upshot of the Foreclosure Backlog
(DBN)

Are Mortgages from Walmart the Future of Lending?
(DBN)

HUD Secretary Donovan says he can't promise FHA won't need bailout
(DBN)

HUD secretary defends efforts to stabilize FHA finances
(DBN)

Bankruptcy trustee wants to question Mastro's son about father's finances
(DBN)

Delinquencies Up, Special Servicing Down On CMBS Loans
(DBN)

The 12 Hottest Housing Markets In The World
(DBN)

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Banking:

S&P downgrades world's oldest bank to junk status
(DBN)

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Fraud:

Madoff investors try to revive Picower claims
(DBN)

Stanford Receiver and Antiguan Liquidators End Tug-Of-War over Investor Claims --- Receiver, liquidators end fight over Stanford assets
(DBN)

When The FBI Told Mathew Martoma They Had Evidence He Broke The Law He Passed Out In His Front Yard
(DBN)

Slate Belt loan agency files for bankruptcy amid legal maelstrom
(DBN)

Gupta’s Appeal To Be Heard On Expedited Basis
(DBN)

Level Global, SAC Fund Managers Ruled Co-Conspirators
(DBN)

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Brokers:

Hundreds Turn Out for Peregrine Auction
(DBN)

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Municipalities:

Michigan to launch Detroit review over need for manager
(DBN)

Michigan Governor Snyder Seeks New Emergency Manager Law
(DBN)

Detroit's leaders blew shot to shape future
(DBN)

State laying groundwork for managed bankruptcy for Detroit --- Panel advances new EM bill
(DBN)

Motown's Mental Breakdown
(DBN)

LA is Marching Toward Its Own Fiscal Cliff: Bankruptcy
(DBN)

Cities and pensions
(DBN)

Is It Time To Let The City Of Detroit Go Bankrupt ?
(DBN)

Washington DC Joins Energy-Rich States That Boomed Amid Bust
(DBN)

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Education:

Lon Morris: $150,000 loan in, $144,001 paycheck out?
(DBN)

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Health Care:

Western Pennsylvania Hospitals Face "Great Financial Stress"
(DBN)

Peninsula nursing home under duress, sources say
(DBN)

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Celebs:

Annie Leibovitz Lists New York Compound for $33 Million
(DBN)

Stephen Baldwin Has Been Arrested For Alleged Tax Evasion ---- Faces Income Tax Charges in New York
(DBN)

Celebrities With Money Problems: Stars Who Have Major Debts
(DBN)

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Corporate Governance:

Corporate Governance Survey — 2012 Proxy Season Results
(DBN)

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Alternative Energy:

A123 auction to kick off with at least four bids
(DBN)

Fiscal cliff threatens wind industry's boom
(DBN)

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Steel:

Liquidation scheduled for Sacramento steel firm
(DBN)

______________

CROs:

Ragan tackles another Chapter 11 bankruptcy case in Collin County
(DBN)

______________

Student Debt:

The looming crisis of student loan debt
(DBN)

Will Congress Garnish Paychecks to Repay Student Loans? --- US Lawmaker Is Crafting Plan to Withhold Student Loan Payments from Paychecks, Just Like Income Tax
(DBN)

Bankruptcy , Not Forgiveness, for Student Loans
(DBN)

______________

Marketing:

Quad/Graphics Receives Court Approval to Acquire Vertis
(DBN)

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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 (33 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (23 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:

November Commercial Bankruptcy Filings Up 10% From Last Year
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Jurisdiction:

Stern Files: The Circuit that Originally Gave Us Stern Creates the First Stern Circuit Split
(DBN)

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Avoidance Actions:

Chapter 7 Trustee Starts Conex International Bankruptcy Preference Adversary Proceedings
(DBN)

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Insurance:

New York judge says MBIA ruling 'getting there'
(DBN)

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Litigation:

Lawyer for E-Discovery Company Predicts Predictive Coding Will Become an Ethical Obligation
(DBN)

Witnesses intentionally withheld by lawyers barred
(DBN)

Impatient Judges Push Lawyers to Dive Into E-Discovery
(DBN)

The iPad for Litigators: Storming the Courtrooms
(DBN)

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Autos:

Hearing Set on Saab Auto Suit Against GM
(DBN)

American Suzuki Motor Corporation Receives Bankruptcy Court Approval of up to $100 Million in DIP Financing
(DBN)

Saab's Phoenix Platform Lives On In New Spyker/Youngman Deal
(DBN)

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Weather:

It Will Cost $500 Million To Repair Manhattan's South Ferry Subway Station --- US Congress told billions needed for Sandy transportation repairs
(DBN)

_____________

Hedge Funds:

Hedge fund Diamondback to close after clients pull out
(DBN)

Hedge Fund Shakeout: Closures Gather Pace
(DBN)

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Resorts:

Yellowstone Club collapse pinned on founder --- Ex-billionaire Blixseth's bankruptcy tossed
(DBN)

Sno Mountain, saddled with $24M debt, could be on auction block
(DBN)

Judge OKs sale of Md. ski resort to Kansas group
(DBN)

Grand Wailea Will Belong to Singapore
(DBN)

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Compensation:

The latest company perk? A 529 match
(DBN)

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Magazines:

Tina Brown Tells Her Newsweek Staff: 'The Sad Moment Has Arrived'
(DBN)

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Sovereigns:

Hedge Funds Stick to Bet as Argentina Moves to Bend on Bonds
(DBN)

Bank of NY Can Join Argentine Bond Appeal, Court Says
(DBN)

Defaulted Bondholders Undeterred as Gains Hold
(DBN)

______________

UK:

Trade bodies call for urgent action on insolvency
(DBN)

UK Industrial Production Unexpectedly Drops
(DBN)

Change of insolvency law to help more bankrupts open bank accounts
(DBN)

BoI disputes solicitor's UK address for bankruptcy
(DBN)

Financial services trade body collapses as money disappears
(DBN)

HMRC insider jailed for key role in tax fraud
(DBN)

______________

EU:

ECB's Draghi Says Economic Weakness to Persist Into Next Year
(DBN)

Draghi Says Crisis a 'Cautionary Tale' for Aspiring Euro Members
(DBN)

Europe brings in anti-avoidance measures
(DBN)

______________

PIIGS:

Italy's steel sector decline signals bad omen for Europe
(DBN)

Bearish Economist Nouriel Roubini Turns More Positive on Greece --- Greece sticks to buyback plan, says will shield banks
(DBN)

ie: Fraudulent Preference Cases --- Draghi casts doubt on Anglo debt deal --- ECB leaves door open for 2013 cut --- Eircom reports 7% drop in quarterly revenues
(DBN)

______________

Canada:

Update on DIP Financing and Priority Charges
(DBN)

______________

Germany:

Bundesbank Slashes 2013 German Growth Forecast to 0.4%
(DBN)

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China:

Fear and Loathing in China's Banking System
(DBN)

China's Enterprise Bankruptcy Law - Implementation of the Corporate Reorganization Provisions
(DBN)

______________

India:

Indian traders all for new rules on bankruptcy laws
(DBN)

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Copyright 2012