July 12, 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:

Dewey & LeBoeuf seeks $104 mln from ex-partners --- Dewey Seeks 'Clawbacks' --- Former Dewey partners to pay up to $3m each in settlement deal
(DBN)

King & Spalding, McDermott, Sidley, Venable: Business of Law
(DBN)

The Best Law Firms To Work For (2013)
(DBN)

Libor price fixing case is getting work for lawyers --- Video: Libor Scandal Explained in 90 Seconds
(DBN)

Baltimore Leads Federal Court Battle over Borrowing Benchmark Known as Libor
(DBN)

Jacoby to Merge with Bankruptcy Firm in Combo Dubbed Most Significant in Consumer Law History
(DBN)

DC Bar Says Clients Need to Pay Lawyer Rates
(DBN)

Discovery firms can't have non-lawyer investors if they practice law
(DBN)

Partners Accuse Former Colleagues of Impeding Firm's Dissolution
(DBN)

Outsourcing the Campaign for Outsourcing
(DBN)

Ex-Akin Gump Lawyer Is New Katie Couric; Wear Red Lipstick + More!
(DBN)

Those 50 and Over Hold Almost 20 Percent of All Outstanding Student Loan Debt
(DBN)

Rainmakers share the secrets of their success
(DBN)

Yale Launches New Law PhD Program Aimed at Those with JD Degrees Who Want to Teach
(DBN)

Mitt Romney has a JD/MBA. Should You?
(DBN)

Law Prof Hits Quick Responses and Billable Hours, Cites ‘Informational Amphetamines’
(DBN)

Law School Transparency: Life is a carnival
(DBN)

‘Aspiring’ Law Student Claims Reputational Damage From Leaked Lingerie Photos
(DBN)

Everything’s Bigger in Texas, Including the Tiaras: Texas Tech Law Student Crowned Miss Texas 2012
(DBN)

Why Are Big Law Libraries Slow to Buy E-Books?
(DBN)

Legal Information Can Find Parallels in 'The Hunger Games'
(DBN)

Sustaining progress in legal project management: The case of Gray Plant Mooty
(DBN)

Suspended Defense Lawyer Gets 60 Days More for Ghostwriting Client’s Winning ‘Pro Se’ Appeal Brief
(DBN)

DIY: BigLaw/LittleLaw rainmakers, be your own ghostwriter (Lesson 1)
(DBN)

Why You Should Send Out Rejection Letters
(DBN)

DNA Evidence from Occupy Protest Is Linked to Unsolved 2004 Murder
(DBN)

A Legal Fight Over Sipping Beer on a Stoop
(DBN)

Battle of the iPad Browsers - Day 2
(DBN)

Review: DryCASE -- waterproof case for the iPhone
(DBN)

WordRake Application Aims to Simplify Legal Writing
(DBN)

"Inside Straight" by Mark Herrmann - Must-read for rainmakers, associates, corporate, pre-law students
(DBN)

Accountant Claims Wrongful Termination Essentially Because Her Job Was Too Hard
(DBN)

Backstabbing Ex-Girlfriend
(DBN)

Mother sentenced to 8 years in jail for putting her infant on the highway
(DBN)

Police Watching Millions of Cell Phones
(DBN)

6 of the strangest lawsuits making headlines
(DBN)

Say What?!
(DBN)

______________

Judges:

The Mystery of John Roberts
(DBN)

Donald Verrilli's victory lap
(DBN)

Preacher Suing MSNBC's Rachel Maddow Wants 'Leftist Judge' Disqualified
(DBN)

History and speculation about Supreme Court leaks
(DBN)

Judge's swearing-in ceremony "was filled with appreciation to those who helped him get elected, including some convicted felons"
(DBN)

Trivia: The First Court to Distribute Opinions via the Internet
(DBN)

______________

Wall Street:

Shares to Open Lower After Fed Minutes Disappoint
(DBN)

Markets Are Down Around The World
(DBN)

Stocks close lower after the Fed releases minutes from June
(DBN)

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

______________

Layoffs:

Why Job Openings Don't Translate Into Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

IP:

Bankruptcy Circuit Split May Go to Supreme Court
(DBN)

______________

Weather:

Midwest Farmers Field of Dreams Turns Brown
(DBN)

Scientists: Extreme Weather is Man-Made
(DBN)

______________

Photography:

Kodak wants bonus pay for executives who aided in restructuring
(DBN)

_____________

Food/Beverage:

Several DQ locations sold in bankruptcy deal
(DBN)

Supervalu CEO: Bankruptcy not part of strategic review
(DBN)

How To Make A Big Mac At Home
(DBN)

The World's Most Expensive Foods
(DBN)

_____________

Telecoms:

Why Bankruptcy's a Possibility for RIM
(DBN)

______________

Fraud:

KPMG, E&Y Fend Off Madoff Feeder Fund Investors at Second Circuit
(DBN)

Two investors strike out in Madoff-related cases
(DBN)

Fair Finance Bankruptcy Judge Urges Trustee to Pay Some Money Out
(DBN)

______________

Paper:

Leon Black's Bid Entices NewPage Bondholders
(DBN)

______________

Politics:

Elizabeth Warren's Plan Cuts Deficit More Than Scott Brown's
(DBN)

Elizabeth Warren Refuses to Say She's a Minority
(DBN)

The Scam of Politician's Blind Trusts
(DBN)

How Does Romney Have So Much Money In His IRA?
(DBN)

_____________

Economy:

US wholesalers boosted stockpiles 0.3 percent in May, sales fell by largest amount in 3 years
(DBN)

Fed Minutes Show Little Urgency For QE3 At June Meeting, Stocks Sell Off --- A Few on FOMC Said More Stimulus Probably Will Be Needed
(DBN)

Americans make more than parents, but no more likely to get ahead
(DBN)

Stats: Great Recession vs. Great Depression
(DBN)

BofA: QE3 Is Coming In September
(DBN)

Five Reasons We're in a Recession—and Five We Aren't
(DBN)

The Most Common Misconception About The Economy
(DBN)

Cummins' Slashed Sales Outlook Reflects Worries About Global Slowdown
(DBN)

GOP Senators May Raise Taxes to Save Defense from Cuts
(DBN)

Value of Taxing the Wealthy: $56 Billion
(DBN)

3 Simple Facts About Obama's Tax Gambit
(DBN)

CBO: Fed Tax Rates Hit Historic Low
(DBN)

2009: We Paid Lowest Federal Taxes in 30 Yrs
(DBN)

What Deleveraging?
(DBN)

Myth That Entitlements Destroy Growth
(DBN)

The War on Poverty: And Poverty Didn't Win
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Seizing Underwater Mortgages: Unconstitutional and Dangerous
(DBN)

No Wonder Eminent Domain Mortgage Seizures Scare Wall Street
(DBN)

Eminent domain, MBS and the US Constitution: a one-sided fight?
(DBN)

City Bankruptcy Could Raise Hurdles for Mortgage Seizure Plan
(DBN)

BofA shareholders may pursue lawsuit over MERS, mortgages --- Ruling in MERS Exposure Class Action is Tough for BofA, Good News for Execs, Underwriters
(DBN)

New foreclosures jump 9% --- 2Q foreclosure activity rises as some states see reboot
(DBN)

Cities That Are Getting Destroyed By Foreclosures
(DBN)

Homeowner Bill of Rights signed into law
(DBN)

You Can Tell The Difference Between Rich And Poor Neighborhoods By Looking At Their Roofs
(DBN)

Oregon enacts mandatory mediation for homeowners seeking mortgage mods
(DBN)

Chase analysts expect home prices to rise 12% by 2016
(DBN)

Dynegy Bails on 181000-SF Houston Office Lease
(DBN)

____________

Agriculture:

USDA surprises with deep cut to corn harvest on drought
(DBN)

______________

Brokers:

Peregrine Pursues Liquidation After CFTC Sues Over Shortfall --- Double whammy: He invested in PFG and MF Global --- Peregrine Claims Priced at 25 Cents on $1 ---Peregrine Employees to Join the Unemployed Pool --- Peregrine's Fall Said to Be Exposed by Electronic Shift --- Where Were The Regulators? --- Traders Blast Regulators --- Lawmakers demand accountability --- Suicide attempt adds to troubles at brokerage --- O'Malia Urges CFTC Emergency Oversight in Response to Peregrine --- PFGBest Faces CFTC, NFA, FBI Actions Over Missing $220M --- Fake PO box used, says source --- Forged Signatures And Fabricated Bank Balances --- CEO Of Collapsed Brokerage Had Shotgun Marriage, Signed Over Power Of Attorney To Son Days Before Fraud Charges --- Peregrine's Wasendorf Married Two Weeks Ago in Las Vegas --- In Two Communities, Esteem Turns to Shock as Details Become Known --- CEO Shaped Company And Town In His Image --- Wasendorf's 'Boy Scout' Act --- How PFGBest Differs From MF Global, Lehman --- Attorney: Harper goal to fund stopgap before sale --- Q&A: What PFGBest Customers Can Expect --- Peregrine Financial Futures Accounts by SIPC, Chief Says --- Citi Lets Clients See Fund Data After Peregrine --- New Trustee Named --- US Bank draws scrutiny in Peregrine CEO's alleged fraud --- Vegas marriage deepens PFGBest mystery as Iowa brokers pack
(DBN)

MF Global Trustee's $17 Million In Fees Approved By Judge
(DBN)

______________

Banking:

Can you trust your bank's interest rates? --- Libor scandal could threaten world economy --- Winners and losers in Libor mess --- Rate Scandal Stirs Scramble for Damages
(DBN)

CFPB rule could cost Bank of America $480 million
(DBN)

The underbanked aren't who you think
(DBN)

JP Morgan to Claw Back Millions from Execs
(DBN)

______________

Municipalities:

San Bernardino authorizes bankruptcy filing --- San Bernardino bankruptcy : Only $150,000 left in bank accounts --- A Q&A on the San Bernardino bankruptcy --- San Bernardino Could Bypass Creditor Talks Before Bankruptcy --- San Bernardino bankruptcy : Pension debt still a problem for cities --- Much worse than Stockton --- San Bernardino, Stockton took different routes to bankruptcy --- San Bernardino cops union: We're busy while you're broke --- San Bernardino leaders couldn't see fiscal woes --- Municipal bonds discount San Bernardino bankruptcy --- 'Good chance' seen for city's bankruptcy plan --- As San Bernardino Goes . . . --- San Bernardino ponders impact of bankruptcy --- Another California Bankruptcy , Away From the Coast --- S&P cuts San Bernardino, Calif., refunding debt to 'CC' --- Mayor: 'Perfect Storm' Led To San Bernardino Bankruptcy --- City Officials Falsified Budget Reports For Nearly 16 Years? --- Evidence of budget falsification given to other agencies --- No details on charges of falsified documents
(DBN)

Not All Muni Bankruptcies Are the Same
(DBN)

Bankruptcy loses its taboo for California's cities
(DBN)

A Whole Bunch Of Cities And Counties Are Now Seeing Their Finances Collapse
(DBN)

Is California America's Greece?
(DBN)

California bankruptcies are only the beginning --- California's municipal bankruptcies spread fear --- Why San Bernardino, and two other California cities, are going bankrupt
(DBN)

Why San Bernardino (and two other California cities)are going bankrupt
(DBN)

City Bankruptcies Not Surprising, Says Milken Institute Expert --- More city bankruptcies on California horizon?
(DBN)

California Towns Are Disappearing
(DBN)

CA: Most Have Grim View of Economy
(DBN)

Bankruptcy Prompts LA County Supe's Call for Fiscal Report --- Is Los Angeles Headed Towards Bankruptcy?
(DBN)

Retired Stockton employees trying to stop the city from ending their medical benefit --- Stockton retirees seek injunction
(DBN)

Snakebitten in Present, California Bond Investors Speed Toward Future
(DBN)

Stretched budgets, rising debts – will Scranton be the next to go bankrupt?
(DBN)

Mich. judge won't reconsider dismissal of Detroit lawsuit
(DBN)

What Happens When A City Declares Bankruptcy
(DBN)

Time To Plan For State Bankruptcies
(DBN)

The New Normal: Municipal Bankruptcy
(DBN)

Wall Street's Latest Sucker: Your Home Town
(DBN)

______________

Health Care:

GOP-controlled House votes to repeal health law
(DBN)

10 Recent Hospital and Health System Layoffs --- Capital Health in New Jersey to Lay Off 175 Employees
(DBN)

Six Reasons Health Care Costs are Rising
(DBN)

______________

Corporate Reform:

The Spreading Scourge of Corporate Corruption
(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 (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (30 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:

Lehman, Dynegy, Kodak, Ocala Funding, Cocopah
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Fees:

Chapter 11 Fees Set to Rise
(DBN)

______________

Settlements:

Delaware judge takes novel approach to settlement objectors --- Unhappy with Case Settlement, Plaintiffs Post $13.25M Bond to Keep Litigating
(DBN)

______________

Bar Dates:

Court Holds that Bar Dates Should Be of Interest to “Interest Holders”
(DBN)

______________

Aviation:

TWU deal squeaked by vote of negotiating team
(DBN)

We’ve hit $100 million in fees on the AMR-American Airlines bankruptcy case
(DBN)

Rating American Airlines' options
(DBN)

Wall Street Sees Only One Viable Option For American Airlines
(DBN)

Judge sets hearing date on Hawker Beechcraft deal
(DBN)

Hawker Jet Sale to China Raises Red Flags
(DBN)

______________

Furniture:

Thornwood hires Stump & Co. to sell its assets
(DBN)

______________

Bankruptcy Crimes:

Bankruptcy fraud lands construction company owner in jail
(DBN)

_____________

Insurance:

Insurer must pay legal fees for fraudster until sentencing
(DBN)

______________

Media:

Tribune bankruptcy : Judge may rule for company's plan this week --- Bankruptcy judge signals approval of Tribune Co. restructuring plan
(DBN)

______________

Autos:

Ex-officials stonewalling Delphi probe --- Delphi- PBGC pension deal defended by Obama administration team
(DBN)

China Slams the Brakes on GM's Car Sales
(DBN)

Peugeot Citroen Firing 8,000 Workers
(DBN)

______________

Education:

Bankrupt Texas junior college plans fall classes
(DBN)

______________

Video Games:

38 Studios blames R.I. for bankruptcy
(DBN)

______________

Celebs:

Planned Octomom Strip Club Gig Does Not ‘Constitute a Legal Emergency,’ Judge Rules
(DBN)

Woman Claims Courtney Love Owes Her
(DBN)

Andre Rison, Former NFL Player, Owes More Than $300,000 in Child Support
(DBN)

Who's Left to Defend Tom Cruise? --- Katie Holmes Used Disposable Phones To Plot Divorce
(DBN)

______________

Hotels:

Waikiki settles with Marriott
(DBN)

______________

Tax:

France, Germany tax evasion inquiries target Swiss bank clients
(DBN)

______________

Art:

Botticelli May Aid Bankruptcy of Imprisoned Salander
(DBN)

Collector Says He Bought a Phony de Kooning
(DBN)

______________

Golf:

Colonial Golf & Country Club sale approved
(DBN)

______________

UK:

UK's Financial Services Authority worked with banks to block transparency
(DBN)

RBS Asks U.K. Court to Block $1 Million Bonus to Former Risk Chief Cottle
(DBN)

______________

EU:

Insolvencies In Europe
(DBN)

Euro at 2-Year Low vs. Firmer Dollar
(DBN)

Euribor 3-mth rate falls below 0.5 pct after ECB cut
(DBN)

Austerity Looms in Next Year's EU Draft Budget
(DBN)

Avenue Said to Raise $2.8 Billion for European Distressed Fund
(DBN)

Europe Not ' Distressed Trade of a Lifetime': CIO
(DBN)

EU's Scariest Chart Just Got Even Scarier
(DBN)

______________

PIIGS:

Spain steps up austerity amid protests --- 'Vultures' Swoop In For Deals In Debt-Ridden Spain --- The Budget That Stole Christmas: Spain's Rajoy Cuts Festive Bonus In €65B Austerity Axe --- New Crisis Model Gives Spain More Time for Cuts --- Spain Hit with a 21% VAT Tax
(DBN)

Greek unemployment rises again --- 22.5% --- Tax overhaul to apply from 2013
(DBN)

Warning over Spanish and Italian 'mass downgrade' risk
(DBN)

______________

Canada:

A Canadian Perspective on Third Party Litigation Funding
(DBN)

______________

China:

China's slowdown spreads pain despite stimulus
(DBN)

More Cracks Appear In The Chinese Banking System
(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