July 13, 2012

The Daily Bankruptcy News

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Law:

Dewey's dilemma over client files: to shred or not to shred --- Dewey & LeBoeuf seeks $104 million from ex-partners --- Ex-Dewey partners mull settlement with estate --- In Early Reviews, Former Dewey Partners Pan Settlement Plan with Mix of Skepticism and Anger --- Dewey Have a Deal With Former Partners of the Firm? --- Dewey tries to talk London partners into $103m settlement --- Dewey Seeks 'Clawbacks'
(DBN)

Median Starting Pay for Associates Is No Longer in the Six Figures; Figure Drops 35% in Two Years --- Starting Salaries Are Swirling Down The Drain --- Starting Salaries Continue Slide as Big Firm Prospects Dry Up
(DBN)

Norton Rose ups junior salaries
(DBN)

Linklaters, Kaufman Dolowich, McKenna: Business of Law
(DBN)

Barclays' Diamond turns to top lawyer for Libor scandal --- Levander Representing Ex-Barclays Chief
(DBN)

The 25 best law firms to work for
(DBN)

Rust Omni Launches First Mobile App in Bankruptcy Claims Agent Industry
(DBN)

Among ACC’s Value Champs, Pfizer’s ‘Radical’ Plan: Standardized Expectations, Law Firm Collaboration
(DBN)

Dear iPad Owners: How Much Do You Actually Use Your iPad?
(DBN)

Study: Legal Software Does Not Make GCs More Efficient
(DBN)

Dress To Excess
(DBN)

Excitement at law firm's awesome recruitment video
(DBN)

An In-House Take on Professional Women 'Having It All'
(DBN)

Law School Transparency: A Portrait of the Liberal Artist
(DBN)

Research highlights private school dominance at top firms
(DBN)

Probe: Penn State leaders showed 'total disregard' for Sandusky victims --- Report Says Paterno Knew of Sandusky Concerns in 1998 --- Penn State report may increase university's liability --- Why They Should Burn The Penn State Football Program To The Ground --- Freeh Report: Key Excerpts
(DBN)

Calif. Supremes Reject Recommended Sanction for Lawyer Accused of Smuggling Client Papers
(DBN)

Battle of the iPad Browsers - The Champion
(DBN)

Order blocking picketing of law office went too far, panel rules
(DBN)

Casey Anthony Prosecutor: Vote For Me!
(DBN)

Advice to Lawyers: Look But Don’t ‘Friend’ Potential Jurors
(DBN)

'Doing 55 in a 54': Law Review Article Applies Fourth Amendment to Jay-Z's '99 Problems'
(DBN)

Man eaten by tigers after he broke into zoo
(DBN)

Man finds stolen car on eBay 42 years after theft
(DBN)

Worst Thieves Ever
(DBN)

Road Rage: Driver pulls crossbow
(DBN)

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Judges:

Record Dissatisfaction With Supreme Court
(DBN)

Judge Rapped re ‘Demeaning and Discourteous’ Comments That Lawyer Should Work Harder, Get Up Earlier
(DBN)

Judge Faulted for Presence at For-Profit Poker Games
(DBN)

Destination Uncertain
(DBN)

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Wall Street:

US stock index futures signal higher Wall St open
(DBN)

Stocks close lower on gloomy economic outlooks in US
(DBN)

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Layoffs:

US unemployment benefit applications fall to 350,000, lowest in 4 years
(DBN)

Jobless claims fall as plants put off retooling
(DBN)

Lawsuit: Futures firm PFGBest did not give notice of layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Stockton bankruptcy : Retirees sue to stop cuts to health benefits --- Retiree case set for hearing --- 'Me-first' attitude driving fight for lavish benefit --- Stockton Bankruptcy Judge Appoints Mediator, Orders Meeting
(DBN)

San Bernardino bankruptcy : Other California cities could be next --- Bankruptcy worries push down San Bernardino bond ratings --- Police, Fire Chiefs: San Bernardino Facing 'Unknowns' Post- Bankruptcy --- Police chief: Current police staffing not at 'adequate levels' --- Promise quality service amid bankruptcy --- Union says bankruptcy not its fault --- Irresponsible Governance and Bad Choices in San Bernardino --- Hey, San Bernardino, it's a rainy day --- San Bernardino Workers Fear the Worst --- Allegations Fly in San Bernardino Bankruptcy --- New officials discovered a financial mess in San Bernardino --- San Bernardino bankruptcy : Exacerbated by criminal acts? --- New officials discovered money mess --- Sheriff, DA investigating bankruptcy-bound CA city --- City Depleted Reserve Funds --- 'No one's fault ... everyone's fault' --- Plenty of blame
(DBN)

Oakland Is Borrowing $211 Million To Pay For Pensions
(DBN)

California just as insolvent as bankrupt cities
(DBN)

Why is city bankruptcy 'trendy' in California? --- California's Municipal Bankruptcies Sign of Stigma Waning --- California Bankruptcies Belie Decrease in Defaults --- The Ripple Effect of California's Bankruptcies --- California's Bankruptcy Cocktail --- Is Bankruptcy the 'New Normal' for California Cities? --- California Dazed and Confused Over Mounting Chapter 9 Filings --- More California cities struggle with cash flow
(DBN)

Folsom To Start Charging For Emergency Medical Calls
(DBN)

Reports: More cities and counties facing financial crisis
(DBN)

The Domino Theory of Bankruptcy
(DBN)

Cities in Crisis: Bankruptcies in California a warning to New York
(DBN)

Bankruptcy in California Isn't Seen as a Trend
(DBN)

Central Falls bankruptcy could end by fall
(DBN)

JeffCo lawyers trying to control who has a voice in bankruptcy plan
(DBN)

Washington state town mulls disincorporation, citing finances
(DBN)

Chicago: School Systems' Bond Rating Downgraded
(DBN)

15 American Cities Where Your Paycheck Will Go A Long Way
(DBN)

CNMI agencies in a state of emergency
(DBN)

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Video Games:

RI gov: Not his fault Schilling company collapsed
(DBN)

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Debt Collection:

Franken's New Bill a Revival of 2010 FDCPA Proposal
(DBN)

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Economy:

Treasuries Rally as Auction Draws Record Yield on Haven Demand --- Treasury Yield Is 3 Basis Points From Low on Slowdown
(DBN)

US jobless claims drop 26,000 to 350,000
(DBN)

Krugman: The Government Has To Do More Deficit Spending To Avoid A Full-On Depression
(DBN)

Alan Simpson: Paul Krugman Needs Someone To Hold His Hand And Say 'Poor, Poor Dear'
(DBN)

The $64,000 Question: How Much Has Debt Increased Per Taxpayer Under Obama?
(DBN)

Feds Encourage Food Stamps: Helps Local Economies, 'Everyone Wins'
(DBN)

Portman: Highest-earning 20% pay 94% of all taxes
(DBN)

US Debt Clock
(DBN)

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Real Estate:

US 30-year mortgage rate drops to record 3.56 pct.
(DBN)

This Interactive Chart Of The US Housing Market Shows The Recovery Will Be Local
(DBN)

Bondholders See Eminent Domain as State Attack
(DBN)

Housing Rebound Signaled as Banks Resume Foreclosures
(DBN)

The Worst Deal In History
(DBN)

Fewer Las Vegas homeowners underwater on mortgages
(DBN)

California 'Homebuyers Should Brace Themselves For Significantly Less Inventory Next Year'
(DBN)

Georgia no longer No. 1 in foreclosures
(DBN)

12 States Where Homeowners Are Deep Underwater
(DBN)

23.7% of US Mortgages in Negative Equity in Q1; Down From 25.2% in Q4
(DBN)

In re Crane: update on appellate and legislative efforts to clarify Illinois mortgage requirements
(DBN)

Wells Fargo to pay $125 mln in loan probe: report
(DBN)

There Are Real Estate Brokers Out There Who Will Trade S-- For A Listing
(DBN)

Trigild CEO Named Liquidating Trustee for $1.6 Billion SCI Entities
(DBN)

Longtime Criminal Defense Attorney Gets 6 Years in Federal Mortgage Fraud Case
(DBN)

Housing groups accuse DOJ of 'stonewalling' mortgage fraud cases
(DBN)

____________

Banking:

JPMorgan Reports $4.4 Billion Whale Loss --- To Restate Q1 Earnings After Discovering Material Weakness
(DBN)

Shake-Up at New York Fed Is Said to Cloud View of JPMorgan's Risk --- Fallout from JPMorgan loss may have just begun --- Jamie Dimon: Buck Stops Somewhere Below Me --- Regulator Focus Now Turns to How JPM Marketed Funds --- All eyes on JPMorgan as banks report earnings
(DBN)

Libor Lawsuits Are Piling Up And Could Cost Billions --- Geithner Proposed Libor Changes in 2008 Memo to BoE --- Blame banks, not capitalism, in Libor scandal
(DBN)

Always Ask a Banker to Put the Lie in Writing
(DBN)

The Worst Banking Scandal Yet?
(DBN)

Wells Fargo in $175M discriminatory lending settlement
(DBN)

Bank executives indicted in Virginia bank failure
(DBN)

A BofA whistleblower emerges from the shadows
(DBN)

_____________

Aviation:

US Airways supports extending AMR's exclusivity period in bankruptcy --- Reveals It Is an AMR Creditor --- Buys small amount of AMR debt
(DBN)

Is AMR's CEO a true believer in mergers?
(DBN)

4 New Suitors for American Airlines
(DBN)

American Airlines, the abysmal consolidator
(DBN)

US Airways CEO: It's Our Fault Carry-On Bags Have Become A Nightmare
(DBN)

Chinese industrialist behind Hawker Beechcraft bid
(DBN)

______________

Food/Beverage:

Supervalu Rotting Away: Little Value Left In Grocery Chain --- Supervalu considers store closings as stock price tumbles
(DBN)

______________

Hockey:

Sympathy for the Devils, Slight Return
(DBN)

______________

Alternative Energy:

Austin-based Valence Technology files for bankruptcy protection
(DBN)

Dem Congressman "Sorry" About Solyndra
(DBN)

______________

Bankruptcy Crimes:

Parkville Business Owner Sentenced for Bankruptcy Fraud
(DBN)

______________

Environmental:

Anadarko, Tronox trial halted for settlement talks
(DBN)

______________

Baseball:

Man Cleared of Dodgers Beating Sues Police Chief
(DBN)

______________

Education:

Bankruptcy judge finds accreditor misrepresented for-profit Decker's status
(DBN)

______________

Coal:

Concern About James River's Liquidity
(DBN)

Coal ETFs buried by Patriot Coal bankruptcy
(DBN)

______________

Steel:

Hundreds Laid Off Due to RG Steel Bankruptcy
(DBN)

______________

New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (20 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)

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Bankruptcy Statistics:

Bankruptcy filings down 21% in Tucson this year
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Examiners:

Inside the Decision to Appoint an Examiner in ResCap Bankruptcy
(DBN)

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Lien Stripping:

"Down" is Out, "Off" is In: Stripping Liens in Chapter 7 after McNeal
(DBN)

______________

Hollywood:

Bergstein, Tutor Lose Appeal in Bankruptcy Case
(DBN)

______________

Newspapers:

Times-Union parent company calls for debt redemption
(DBN)

______________

Fraud:

Rajaratnam to Be Deposed in Tax-Shelter Suit, Lawyer Says
(DBN)

______________

Autos:

Delphi pension fund issue frustrates lawmakers
(DBN)

Opel CEO resigns in middle of turnaround
(DBN)

______________

Brokers:

PFG bankruptcy filing detailed --- Investment Firm Offers To Buy Peregrine Customer Claims --- Peregrine's assets sitting empty --- The curious case of Iowa broker's Romanian property empire --- Final days of Peregrine Financial --- Peregrine's Red Flags --- Peregrine felt financial pressure-asked employees to take pay cuts --- Banno CEO reaches out to former PFG employees --- Peregrine Financial Collapse Leaves Workers, Region Scrambling --- At Peregrine Financial, Signs of Trouble Seemingly Missed for Years --- Red Flags at Failed Broker --- Peregrine probe eyes accounts in Iowa --- PFGBest chief: Prickly Iowa hero met stiff welcome in Chicago --- Probe into PFGBest's use of small auditor --- Peregrine case focuses on Wasendorf Sr --- Fall of Peregrine's Wasendorf Presaged in Christmas Toast --- Peregrine Financial's Failure and the Failure of Regulation --- PFGBest Broker Scandal Leads to Calls for Insurance for Grain Trade
(DBN)

______________

Linens:

National Service Industries in Bankruptcy , Will Liquidate
(DBN)

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Politics:

Elizabeth Warren wishes Sen. Brown a happy shared anniversary
(DBN)

Government documents indicate Mitt Romney continued at Bain after date when he says he left
(DBN)

Sorry, Mitt Romney, You Can't Be Chairman, CEO, And President Of A Company And Not Be Responsible For What It Does... --- Obama Campaign: Romney A Liar, Potential Criminal --- Romney camp: Obama's staff 'out-of-control' --- Bain Speaks
(DBN)

The Mitt Romney Outsourcing 'Scandal' Is Ridiculous
(DBN)

Condi Rice Is The Surprise Romney VP Frontrunner --- Why Condoleezza Rice Would Make A Great Pick For Mitt's VP
(DBN)

Krugman: It's Entirely One-Sided: Republicans Are To Blame For Today's 'Nightmarishly Dysfunctional Political Situation

Here's What I Think Romney Is Hiding By Refusing To Release His Tax Returns
(DBN)

Here's The Chart That Will Get Obama Fired...
(DBN)

Biden Considers His $379K Income Middle Class
(DBN)

______________

IP:

Sunbeam products: 7th Circuit says no to Lubrizol, yes to trademark licensees in bankruptcy cases
(DBN)

______________

Mass Torts:

Asbestos gets a new lease on death
(DBN)

______________

Lehman:

Goldman Protests Hedge Fund's Bid for Lehman Brokerage's Cash
(DBN)

______________

UK:

UK bankruptcy laws too lenient say the people
(DBN)

_____________

EU:

Paul Krugman: The Euro Crisis Will End With Something 'Impossible' Happening
(DBN)

______________

PIIGS:

Spain steps up austerity amid protests... Cuts and taxes announced(DBN)

Moody's Slashes Italy By 2 Notches --- Italy Faces Bond Sale Test After Moody's Downgrade
(DBN)

______________

France:

France's leftist rulers reel as Peugeot axes jobs --- French government urges Peugeot to help axed staff --- Peugeot: Cut Labor Costs
(DBN)

_____________

Australia:

Another blow to Keddies victims as former partners face bankruptcy
(DBN)

______________

China:

China's Growth Slows to Three-Year Low of 7.6% --- 8 Reasons To Doubt The Chinese Growth Numbers
(DBN)

______________

Iceland:

Iceland Has Hired An Ex-Cop To Hunt Down The Bankers That Wrecked Its Economy
(DBN)

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Copyright 2012