July 10, 2012

The Daily Bankruptcy News

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Law:

Dewey Docket: Fighting Over the Bones --- Dewey calls meeting with ex-partners to talk settlement --- Contentious Day in Court Ends in Partial Victory for Dewey --- City Bar Program to Offer Advice to Ex-Dewey Lawyers
(DBN)

Sheppard Mullin Opens New Office in Chicago with 5-Lawyer Team from K&L Gates
(DBN)

Linklaters, Davis Polk, Sheppard Mullin, Loeb: Business of Law
(DBN)

Weil Gotshal Seeks OK of $431.6M Legal Bill for Lehman Bros. Bankruptcy, Won’t Seek Fee Enhancement
(DBN)

Is Connolly Bove Facing a 'Perfect Storm' of Problems?
(DBN)

Pa. Am Law 200 Firms Show Varying 10-Year Results
(DBN)

Survey Reveals Increase in Law Dept Hiring
(DBN)

Creating a Curriculum for a 'School for GCs'
(DBN)

As Nation Swelters, Law Firm Workers Keep Winter Gear at Hand to Deal with Arctic Indoor Temps
(DBN)

The Incumbent’s Dilemma
(DBN)

Is It Too COLD To Work?
(DBN)

Too Big to Succeed? Most Large Firms Today Are Overlawyered
(DBN)

James Lichtman Cast as GC for NBCUniversal TV
(DBN)

The Job R.I.P. - Let's move on to micro business
(DBN)

‘Failing Law Schools’ Author Challenges Law Schools to Make Dramatic Changes
(DBN)

Law School Transparency: Basic math --- Loanocare
(DBN)

JD/MBA Candidate Jumps To His Death
(DBN)

U.S. News Ranks Law School Debt, Everyone Cries
(DBN)

LMU law school denied ABA accreditation on appeal
(DBN)

ALM 2012 Law Library Survey: Budgets, Billables, Insourcing and Outsourcing Up. Online Cost Recovery Down. Embedding and eBooks Emerge
(DBN)

$125 Per Hour To Take Client To Wal-Mart Is Excessive Fee
(DBN)

Blank Rome Helps Cruise Put End to TomKat
(DBN)

Lance Armstrong Files Suit Against the U.S. Anti-Doping Agency ‘Kangaroo Court’
(DBN)

Xenu Expresses His Displeasure With Divorcing Scientologists, Encourages Use of In-House Lawyers
(DBN)

The Theory Of ‘Whose Head Will Roll?’
(DBN)

Onetime Michael Jackson attorney loses license over efforts to evade creditors
(DBN)

Woman Shot And Killed After Hugging Off-Duty Officer From Behind
(DBN)

Say What?!
(DBN)

______________

Judges:

Don't Sue People for Just Being Annoying: Judge
(DBN)

Why Did Roberts Change His Mind?
(DBN)

Supreme Court Justices Google, But Should They?
(DBN)

Judge Lamar Davis takes recall judge status in bankruptcy court
(DBN)

The Hot Seat: Lawyers and Judges in Trouble
(DBN)

Supreme Court Justices Agreed Often This Term
(DBN)

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Wall Street:

Stock index futures point to lower start
(DBN)

US Stocks Slump on Europe Woes
(DBN)

Growth, European worries send global shares lower
(DBN)

Many Wall Street executives say wrongdoing is necessary key to success
(DBN)

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

______________

Layoffs:

FTI Consulting to lay off 115
(DBN)

Best Buy To Cut 1800 More Jobs
(DBN)

U.S. pushes for more scientists, but the jobs aren’t there
(DBN)

The Workerless Economy
(DBN)

America's Summer Jobs Problem
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

Novel Plan for Stanford Ponzi Victims Misfires
(DBN)

Florida: A economic crimes Ponzi schemer's paradise
(DBN)

Hauke receiver files suit against his former accounting firm
(DBN)

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Energy:

Dynegy Enters Bankruptcy : The Warning Signs
(DBN)

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Gas Stations:

ConocoPhillips Steps Into the GPMI Bankruptcy Fray
(DBN)

______________

Health Care:

Octogenarian World War II Veteran Forced to File for Bankruptcy
(DBN)

BofA's Ditkoff Hired by Alvarez & Marsal for Health Care
(DBN)

Texas officially rejects Obamacare expansion
(DBN)

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Tobacco:

Tobacco company Renegade Holdings looking to exit bankruptcy in 2013
(DBN)

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Politics:

Elizabeth Warren hauls in $8.67 million in 2nd quarter --- How expensive is the Brown-Warren Senate race?
(DBN)

Mitt Romney Stinks At Being Rich
(DBN)

How Massachusetts Fared Under Romney
(DBN)

Krugman: Time to clear up Romney's gray areas
(DBN)

How the Mormons Make Money
(DBN)

Poll: Majority Say Obama Made Things Worse
(DBN)

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Corporate Reform:

House Financial Services subcommittee to hold hearing on Dodd-Frank’s impact on consumers, businesses, investors
(DBN)

The Nation's Crime-Fighting Consumer Watchdog Is Off And Running
(DBN)

Consumer bureau proposes new rules for risky, high-cost mortgages
(DBN)

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Ratings:

S&P: Potential Downgrades Up, Potential Upgrades Down Amid Europe Woes
(DBN)

Man Who Knew Too Much About Ratings Says They Aren't Meaningful
(DBN)

______________

Economy:

Dismal hiring shows economy stuck in low gear
(DBN)

Fed Debates Monetary Report as Guide to Policy
(DBN)

Consumer Credit in U.S. Jumped by $17.1B in May: Fed --- A Rare Positive Sign For Economy
(DBN)

Goldman, BofA Predict Near Zero Rate to 2015
(DBN)

Credit Swaps in US Fall as Investors Seek Out Higher Yields
(DBN)

Obama Calls for Extending Middle-Income Rates --- Will Ending Tax Cuts for the Rich Hurt the Economy? --- Economists: Extend Bush tax cuts --- Romney Against Middle Class Tax Cuts
(DBN)

That 'Fiscal Cliff' You're Worried About? It's Here --- Goldman: Where the fiscal cliff stands right now
(DBN)

Small Business Optimism Tanks
(DBN)

Socialite Dumps US Citizenship and Taxes
(DBN)

13 People Destroying The Global Economy
(DBN)

Citi's Forecasts For The Most Important Economies In The World
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Former Fannie Mae Exec Slams California Eminent-Domain Plans
(DBN)

California Mortgage Seizures Could Affect $7 Billion in Bonds, Fitch Says
(DBN)

Foreclosure Starts Jump in May
(DBN)

CFPB Introduces New Mortgage Disclosure Forms and Protections
(DBN)

Carl Marks Advises PJ Finance's Unsecured Creditors Committee
(DBN)

FHA delinquencies increase for first time since January
(DBN)

Fitch sees no sign of strategic default for rising principal reductions
(DBN)

Percentage Of Commercial Real Estate Loans Paying Off Near 12-Month Low
(DBN)

The New Risks Facing Commercial Real Estate
(DBN)

Once a real estate mogul, Aaron Ziegelman now needs donations
(DBN)

LPS: Foreclosure Inventory Near All-Time High
(DBN)

Mortgage Rates for Monday, July 9, 2012
(DBN)

HELOCs: The Next Debacle?
(DBN)

____________

Banking:

Quest: Guilty bankers should clean toilets --- Fed knew of Libor issue in 2007-08, proposed reforms --- Libor's Dirty Laundry --- Lies, Damn Lies and Libor --- LIBOR scandal might lead to criminal charges --- Barclays Lie-More Scandal: Moral Bankruptcy ---Heywood emails reveal a rising panic on key rates --- Liars for LIBOR: Betrayal of the public trust, one more chapter --- How the $800 Trillion Libor Scandal Hit You --- Barclays' Euribor admissions: 'tipping point' for new class action --- What's Next to Watch in Libor Drama --- Blame Barclays, not capitalism --- Libor: The Crime of the Century --- Libor scandal: More evidence for Volcker rule --- Libor Explained: How Manipulated Rates Could Hurt (Or Help)You --- Libor Scandal Threatens Syndicated Loans
(DBN)

Fed’s Lacker Call Banks’ ‘Wills’ Maps for Restructuring
(DBN)

Bank of America, Regions Face Overdraft Fee Cliff
(DBN)

______________

Pensions:

Companies win cut in pension contributions; critics say saving the plans is even bigger worry
(DBN)

Angello to drop claims if court denies legal fees
(DBN)

______________

Video Games:

38 Studios liquidation starts Tuesday
(DBN)

38 Studios; Inside a bankruptcy filing
(DBN)

______________

Municipalities:

Scranton Runs Out Of Money, Cuts All City Salaries To Minimum Wage
(DBN)

San Bernardino City Council meeting after announcement of potential bankruptcy
(DBN)

Bankrupt Alabama county asks for 2nd look at lawyer fees
(DBN)

Bankruptcy Court Limits Jefferson County's Use of Pledged Sewer Revenues
(DBN)

Chapter 9 - California And Federal Bankruptcy Law Relative Bargaining Position
(DBN)

New York’s hidden debt peril
(DBN)

Top States for Business: Who Will Be #1?
(DBN)

America Has Too Many Teachers?
(DBN)

______________

Aviation:

AMR Sues over Right to Slash Retiree Benefits --- American Airlines plans to seek summary judgment on retiree benefits
(DBN)

American Airlines and US Airways Dance Around a Merger
(DBN)

Goldman's Hawker Accepts $1.79B Chinese Offer --- May Get More Bids After China Offer
(DBN)

Quick Recovery Of Kingfisher Debt Unlikely
(DBN)

______________

Coal:

Patriot Said to Get Funding Ahead of Possible Bankruptcy --- Patriot Coal files for bankruptcy protection
(DBN)

Patriot Coal (PCX)Files for Bankruptcy --- First Day Declaration --- Docket --- Petition
(DBN)

How Did It All Go So Wrong For Patriot Coal?
(DBN)

______________

Telecoms:

Why LightSquared lenders want Falcone to go away, and why that might never happen
(DBN)

Deferred-pay retirees say Nortel breached ethical rules
(DBN)

Nokia Is Finnished: Prepare For Bankruptcy
(DBN)

______________

Autos:

Dems attack Mourdock on Chrysler bankruptcy fight
(DBN)

Chrysler celebrates 3rd anniversary out of bankruptcy
(DBN)

______________

Tech:

Elpida Bondholders Oppose Micron's $2.5 Billion Takeover
(DBN)

______________

Oil/Gas:

Are These The Richest Strikers On The Planet?
(DBN)

______________

Mass Torts:

Who Gets What: Fair Compensation After Tragedy and Financial Upheaval
(DBN)

______________

Food/Beverage:

Hostess Seeks to Pay Bonuses Tied to Negative Earnings
(DBN)

______________

Paper:

SP Newsprint creditor panel seeks OK to file lawsuit to avoid liens
(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 (131 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (27 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:

Rochelle on Dynegy Parent Shareholders, Hospitals (audio)
(DBN)

______________

Bankruptcy Statistics:

Phoenix-area bankruptcy filings drop
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Fees:

Going Broke Gets Pricey
(DBN)

______________

Trustees:

Feds Urge Tougher Sentence For Bankruptcy Trustee Who Embezzled
(DBN)

______________

Litigation:

Tips for Lawyers on Persuading Through Storytelling
(DBN)

Do's and Don'ts of Proposed Findings and Conclusions
(DBN)

______________

Religion:

Report: Philadelphia DA investigating W.Va. bishop
(DBN)

Horrifying Psychological Abuse Alleged At School Run By Disgraced Catholic Order
(DBN)

______________

Celebs:

Octomom Nadya Suleman wants to move to Australia to escape 'toxic' US
(DBN)

______________

Alternative Energy:

Another Solyndra in the Making?
(DBN)

GE Suspends Solar Factory Plans as Rivals Struggle
(DBN)

______________

Brokers:

After MF Global, Another Brokerage Collapses With $200 Million Missing --- PFGBest missing $220 million customer segregated funds
(DBN)

Broker PFGBest freezes funds after founder's suicide attempt
(DBN)

______________

Credit/Debit Cards:

Retailers May Gain Right to Impose Credit Card Surcharge --- Price of Plastic Going Up? Merchants May Get Surcharge Rights
(DBN)

______________

UK:

Bank of England's Tucker denies role in rate-fixing --- Tucker Says No Public Official Told Him to Lean on Barclays --- Bank of England official gives his side of contacts with Barclays --- Tucker: Victim of his own innocence? --- Tucker releases Barclays emails --- U.K. widens Libor probe --- Diamond to Receive Severance of Up to 2 Million Pounds: Reports --- Bob Diamond Passes Up $31 Million On His Way Out The Door From Barclays
(DBN)

British bankruptcy specialists see Irish clients treble despite new law
(DBN)

UK: Most Students will Pay Loans into 50s
(DBN)

UK Manufacturing Unexpectedly Surges on Working-Day Boost
(DBN)

Cameron Urged To Claw Back 'Shopping List' Of Powers From Europe
(DBN)

Creditors swap RSM Tenon for PKF as liquidators
(DBN)

50p in the pound for Farepak customers
(DBN)

Rangers in crisis: Carlos Bocanegra to explore options with prospect of Ibrox club in Third Division
(DBN)

______________

EU:

Fed's Rosengren Warns of Dangers Posed by Europe
(DBN)

Uncertain ESM status breeds disappointment
(DBN)

Draghi keeps door open to further ECB rate cuts
(DBN)

French president: zero growth so far this year
(DBN)

Euro crisis deeper than 2008, summit good step: ECB Praet
(DBN)

Euro Near 2-Year Low Before French, Italian Production
(DBN)

Schaeuble Dismisses Quick Bank Union, Limits Euro Aid Tools
(DBN)

ECB chief economist: Euro crisis now worse than Lehman
(DBN)

______________

PIIGS:

Greece: Stark warning of deeper recession --- Building activity declines 28 pct in a year --- Greeks Hide Tens of Billions From Tax Man --- Tax Agents in Greece Advised to Forget About Summer Vacations --- Think Tank Says Greek Economy is Tanking --- Stournaras Asks No Concessions at Eurozone Meeting
(DBN)

Spanish Yield Hits 7% --- European Leaders Agree To Spanish Bailout, Will Ready €30 Billion This Month --- Europe Speeds Up Aid to Spanish Banks --- Reinventing Spain's economy
(DBN)

Portugal eyes easier terms for bailout agreement
(DBN)

______________

Canada:

BC firm bid $33m for NewPage
(DBN)

______________

Sweden:

Swedish boatbuilder files for bankruptcy
(DBN)

______________

MENA:

RBS, others quit Dubai Group debt talks --- Dubai Group $10 Billion Talks Said to Lose RBS Support
(DBN)

Dubai's Drydocks World receives official nod on $2.2b debt deal
(DBN)

Dubai's Limitless nears $1.2 billion debt deal: sources
(DBN)

Egypt braces for showdown between Islamists and army
(DBN)

______________

BRICs:

OECD: Slowdowns Deepen in China, India
(DBN)

______________

Japan:

Corporate bankruptcies down 3.2% in first half
(DBN)

______________

China:

China’s Cadres Blocked From Spending Public Cash on Luxury
(DBN)

______________

Brazil:

Celpa, creditors halt talks amid sale plan
(DBN)

______________

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Copyright 2012