July 17, 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:

What Dewey LeBoeuf Lawyers And Jamie Dimon Have In Common
(DBN)

The Toppling of Top-Tier Lawyer Jobs --- Starting salaries continue slide as big firm opportunities dry up
(DBN)

Jenner & Block, Orrick, Ropes & Gray, Cleary: Business of Law
(DBN)

Law Firm Makeovers Upend Private Perks
(DBN)

Legal bills may bite into record card-fee settlement
(DBN)

Repaying Debt for Law School: Federal Programs Make It Doable, Not Easy
(DBN)

Associate Bonus Watch: Cahill Gordon Brings the Heat --- Summer Fun at Quinn Emanuel
(DBN)

Study Shows Firms Boost Associate Billing Rates
(DBN)

With Move to New World Trade Center Offices, Wilmer Signs on to Downtown Revival
(DBN)

Axiom Global is Trying to Beat Firms at Their Own Game
(DBN)

Orrick and McDermott see UK revenues dip
(DBN)

NYC Bar Task Force to Study Legal Market
(DBN)

It’s 2012: Do You Know Where Your Strategy Is?
(DBN)

‘Money’s Not A Problem,’ And Other Reasons To Hang Up The Phone
(DBN)

Law firm recognizes employees have life outside of work
(DBN)

Will American Law Schools Adapt To The Changing Legal Market? Ever? Do They Even Care?
(DBN)

Rejected Twice After Condo Board Battle, Stellar Law Grad Tries Again for Bar Admission
(DBN)

Law School Transparency: Law school creates first-year course on how to get a job --- Risky decisions
(DBN)

Judiciary Committee Seeks FDA Gen’l Counsel Memo, Says It OK’d ‘Spying’ on Email to Lawyers, Others --- The FDA Should Probably Leave Spying to, You Know, Real Spies
(DBN)

Partners Got To Be Partners Because They Know: Man is a social animal
(DBN)

BigLaw of the Future: Will only know the partners from associates by body language, not corner office
(DBN)

The Shoemaker’s Children
(DBN)

Class Action Settlement Rejected Over Attorney Fees, Cy Pres Award
(DBN)

Scott Rothstein and the Greenspoon Marder legal opinion
(DBN)

Defense Lawyers Say They Get Less Than Minimum Wage for ‘Token Representation’ Under New Fla. Law
(DBN)

Sixth Circuit Ends Lawsuit over Incinerated Brains
(DBN)

Lawyer of the Day
(DBN)

3 Teens Charged with Murder; Authorities Say Video of Crime on Facebook Wall Led to Arrests
(DBN)

Saudi Arabia Moves Toward Expansion of Blasphemy Law To Cover Social Networks and Blogs
(DBN)

Museum Law: It’s Law That All Relic Hunters Need To Know
(DBN)

Man Admitted to Molesting a Toddler and Having S-- With Animals -- in a Job Interview
(DBN)

Woman Who Says She Found and Trained Stray Dog Lawyers Up, Files Declaratory Judgment Action
(DBN)

Say What?!
(DBN)

"Breaking Bad" - What do criminal lawyers predict for Walter White?
(DBN)

______________

Judges:

Come Fall, Will All Be Forgiven at SCOTUS?
(DBN)

Two Judges in Lindsay Lohan’s DUI Case Are Apparently Disciplined for Missteps
(DBN)

Ethics Complaint Alleges Judge Watched P--- on Courthouse Computer
(DBN)

Republicans Turn Against John Roberts, U.S. Supreme Court
(DBN)

Former Chief Judge Is Acquitted in Drunken-Driving Case
(DBN)

Convicted Car Burglar Gets 3-Year Max for Breaking Into Judge’s Car Near Courthouse
(DBN)

______________

Wall Street:

Stock futures rise ahead of Bernanke testimony
(DBN)

Stocks End Lower
(DBN)

Wall Street Braces for Global Slowdown
(DBN)

______________

Layoffs:

Tech sector layoffs surge to three-year high
(DBN)

Former NASA Engineers Lost in Space After Layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Municipalities:

San Bernardino bankruptcy vote postponed --- San Bernardino bankruptcy : Officials knew of risks for years --- San Bernardino hears from public on bankruptcy --- San Bernardino could declare fiscal emergency --- How San Bernardino went bankrupt --- San Bernardino unions: Pensions are only fraction of deficit problem --- Asset Manager Urges San Bernardino Bondholders: Don’t Panic --- Finance director: San Bernardino borrowing from restricted funds --- San Bernardino city treasurer warned of looming financial crisis in 2010
(DBN)

CA: Cities, state teeter on insolvency
(DBN)

“If Pigs Could Fly” and Other LA City Hall Financial Strategies --- The San Bernardino Bankruptcy : A Wake Up Call for LA
(DBN)

Financial Doom May Loom for at Least One OC City
(DBN)

Citi: Calif. Bankruptcies Still Outliers, but Fresno Troubled Too
(DBN)

Could Bakersfield be next in filing for bankruptcy ?
(DBN)

Pensions, Loss of Tax Revenue Puts Other Cities at Risk
(DBN)

Stockton bankruptcy : Life goes on
(DBN)

Rolling the dice
(DBN)

California Cities Don't Need Bankruptcy . They Need Match.com
(DBN)

California's train-wreck economy gathers speed
(DBN)

California, look to Wisconsin
(DBN)

Thanks to SIDs, Nebraska has the most Chapter 9 bankruptcies
(DBN)

Alabama ranked fourth in country for municipal bankruptcies
(DBN)

Detroit in need of bankruptcy --- Detroit police union going to court to stave off pay cut
(DBN)

Moody's downgrades Pennsylvania on pensions, slow growth
(DBN)

Bondholders still skittish of investing in Detroit
(DBN)

Minimum wage firefighters: '$7.25 an hour is crippling'
(DBN)

US municipal bankruptcy is 'trendy' but likely not catching
(DBN)

Which States Have Best Income Growth?
(DBN)

Chicago Police Cadet Collapses With Heat Stroke 10 Days Into Academy . . . Given Disability Payments for 15 Years
(DBN)

______________

Weather:

Forecasts show US drought getting worse
(DBN)

______________

Retailing:

Daffy's to Close 19-Store Northeast Chain in Next Few Months
(DBN)

______________

Economy:

Retail Purchases in U.S. Unexpectedly Decreased 0.5% in June
(DBN)

World shares, euro firmer ahead of Fed's Bernanke
(DBN)

IMF cuts global growth forecast as emerging economies slow --- Global recovery weak and facing dangers
(DBN)

Economy Hitting ‘Stall Speed,’ Again
(DBN)

Downward Revisions: Q2 GDP Tracking around 1.1%
(DBN)

How Close is the Next Great Depression?
(DBN)

The US rating downgrade one year later
(DBN)

Real Middle Class Tax Rate is Minus 5 Percent
(DBN)

Empire State Survey shows modest expansion in July
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Cities Are Considering A Housing Solution That Makes Investors Furious --- White House Skeptical
(DBN)

Obama Administration Raises Red Flags on Donor’s Mortgage Initiative
(DBN)

U.S. Bancorp Accused by Los Angeles of Failing to Keep Up Foreclosed Homes
(DBN)

Squatters Almost Stole This Man's House From Under His Nose
(DBN)

Goldman Sachs: This Is What The Country's Biggest Housing Markets Will Do For The Next 2 Years
(DBN)

Gambling And Losing At National Harbor
(DBN)

‘Underwater’ Refis Grow; Critics Not Satisfied --- HARP Refis increase significantly
(DBN)

Insurance Deductibles Soar
(DBN)

Mark Zuckerberg Has a Lower Mortgage Rate than You
(DBN)

Attorneys Get Long Terms for Mortgage Fraud
(DBN)

____________

Banking:

Citigroup earns $2.9 billion in Q2, beats estimates
(DBN)

How Jamie Dimon Hid the $6bn Loss --- JPMorgan disclosed possible misconduct to feds ahead of earnings
(DBN)

Wall Street may face Libor legal threat from small banks --- Libor Collusion Can’t Be Excused by Bank Crisis --- Libor Probe May Yield US Charges by September --- Will the Obama Administration Prosecute the Big Banks for Libor Manipulation? --- Barclays ex-COO: Thought BOE backed Libor moves --- Deutsche Bank Cracks the Libor Scandal Pandora's Box ---Libor Fraud: Anybody Can Do It! Seven And A Half Things To Know --- 50 Ways to Rig Your LIBOR --- LIBOR may have been manipulated for years --- Geithner's Libor recommendations came straight from banks --- Barclays and Libor: Swim, Dammit, Swim --- Think The LIBOR Scandal Doesn't Matter? --- Libor Manipulation Losses Are Probed by N.Y., Connecticut, Massachusetts --- Libor scandal riles Calpers chief investment officer --- Libor jailbirds would be hollow symbols
(DBN)

Did Rogue Traders Cause JPMorgan's Whale Of A Loss? --- JPMorgan Blaming Traders for Bad Marks Baffles Ex-Employees
(DBN)

Do Banks Have an Interest in Catching Bank Robbers?
(DBN)

Shareholders Have Hammer to Smash Too-Big-to-Fail Banks
(DBN)

______________

Coal:

Judge Approves Patriot Coal's Requests to Pay Vendors, Taxes
(DBN)

Alpha Natural, Arch Coal Plunge after Downgrades
(DBN)

______________

Education:

Bankrupt school to pursue $32 million after ruling
(DBN)

______________

Celebs:

Is Former RHONY Star Jill Zarin's Company Filing for Bankruptcy ?
(DBN)

_____________

Brokers:

Brokerage defaulted on Iowa jobs deal
(DBN)

Peregrine's Wasendorf Sued for Mixing Firm, Client Funds --- Braley asks why federal regulators so easily fooled by Wasendorf --- An Iowa empire built on lies collapses in disgrace --- Peregrine Financial Group's Former Employees Recall A Troubled Workplace
(DBN)

Others at Peregrine Financial Being Investigated
(DBN)

Peregrine’s Fraud Went Undetected in Two U.S. Government Reviews
(DBN)

PFGBest and MF Global Forced CFTC to Act -- Finally!
(DBN)

PFGBest regulator orders review of audit division
(DBN)

Fulcrum to offer PFG customers 20 cents on dollar
(DBN)

Futures Clients Ask: 'Where's My Money?'
(DBN)

______________

Aviation:

Group of American Airlines pilots object to electronic voting on contract
(DBN)

Horton talks about American Airlines’ interest in ‘strategic alternatives’
(DBN)

Details on American Eagle term sheets for pilots, flight attendants, some ground workers
(DBN)

US machinists union opposes Hawker's China sale
(DBN)

Plans for Wichita's Hawker Beechcraft up in the air
(DBN)

Hawker seeks permission to give top execs bonuses
(DBN)

______________

Warranties:

Bankruptcy plan for US Fidelis approved
(DBN)

______________

Health Care:

Empty beds, red ink lead to layoffs at Auburn hospital; Experts say patients may be migrating to bigger city hospitals
(DBN)

Why Don't Some New York City Hospitals Have Malpractice Insurance?
(DBN)

______________

Autos:

GM Expects More Red Ink in Europe
(DBN)

The Man Who Wants to Run General Motors
(DBN)

Opel set to pick turnaround expert as stopgap CEO
(DBN)

______________

Oil/Gas:

Trustee insists Barclays should refund SemGroup margin call windfall
(DBN)

______________

Student Debt:

Rare Discharge Is Granted in Case of Student Loan Debt
(DBN)

______________

Boating:

Judge OKs sale of Hunter Marine in bankruptcy plan
(DBN)

______________

Alternative Energy:

Don't Give Up Yet: US Solar Companies can Compete with China
(DBN)

Court Hearing Held for Solar Energy Company Solyndra
(DBN)

Solarworld Drops to 8-Year Low After Downgrade
(DBN)

______________

Media:

Judge OKs Oaktree, Angelo Gordon Tribune Plan
(DBN)

______________

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 (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (43 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:

Syms, Ambac, Jefferson County, Peregrine
(DBN)

______________

Bankruptcy Statistics:

5 of Last Week's Biggest Losers
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Plan Confirmation:

30-year Treasury bonds not “indubitable equivalent” of electing secured creditor’s mortgage lien
(DBN)

______________

Discharge:

Debtor asks Supreme Court to heighten defalcation standard in discharge cases
(DBN)

______________

Cross-Border:

Vitro Order Blocking Bondholders Extended During Appeal
(DBN)

______________

Litigation:

2nd Circuit Rejects Key Litigation Hold Standard
(DBN)

Microsoft Office 2013 Bolsters E-Discovery
(DBN)

______________

Insurance:

Bank Directors: It's Your Job to Worry About D&O Insurance
(DBN)

______________

Corporate Reform:

Dodd-Frank still stalled after two year anniversary
(DBN)

______________

Art:

Botticelli Painting’s Fate up to Bankruptcy Judge
(DBN)

______________

Telecoms:

Research In Motion At Waterloo: Prepare For Bankruptcy
(DBN)

______________

Fraud:

Judge Gives Bankruptcy Court First Crack at Ponzi Scheme Claims
(DBN)

Kumar’s Rajaratnam Cooperation ‘Extraordinary,’ U.S. Says
(DBN)

______________

Credit Reporting:

Credit Bureaus Finally Get Federal Oversight
(DBN)

______________

Agriculture:

Judge orders payment to Grabaski partners
(DBN)

Danielson Grain: Lesson Learned
(DBN)

Dramatic Photos Of The Drought That's Devastating America's Farmland
(DBN)

2012 Drought Reaches Dust Bowl Proportions
(DBN)

The World's Agricultural Problems Are Much Bigger Than The Drought In The US
(DBN)

______________

Politics:

Mitt Romney must face his Bain past --- Romney hits back at Obama attacks on Bain --- Romney charges Obama's ad attacks 'misdirected' --- Obama To Hammer Romney's Plan To End Taxes On Foreign Profits --- Mitt Romney's Claim That Shrinking The Government Will Help Americans Isn't Rational --- Romney Donors: Wall Street Ties --- Ad Wars and the Cayman Islands
(DBN)

In Mass. Senate race, health care still hot topic

Rep. Hart Rebuffs Finance Questions
(DBN)

______________

Credit/Debit Cards:

Trade Group Rejects $7.25B Deal that Allows Retailers to Charge More for Credit Card Purchases
(DBN)

______________

Food/Beverage:

Soltani challenges USA Springs bankruptcy lawyer's bid to quit
(DBN)

______________

UK:

Barclays Pushed Limits of U.K. Watchdog's Tolerance, Turner Says --- FSA boss: Barclays' gaming culture --- Barclays executive says was acting on orders on rates --- Del Missier Says Diamond Told Him to Submit Lower Libor Rates --- Regulators Instructed Barclays To Lower Libor: Del Missier Testifies --- Barclays's Del Missier: Money Market Desk Informed Compliance --- London Self-Regulatory System Proves Illusory in Libor Scandal --- Del Missier Claims Libor Fixing 'Was Not Significant' --- Banks 'Face £27bn Libor Hit' --- Ex-Barclays Boss Loses Bonus --- BoE's King Faces Scrutiny Over Barclays and Libor --- FSA Says Seven Banks Probed Over Libor Rates as Lawmakers Criticize Agency
(DBN)

Scottish hoteliers and retailers at serious risk of going bust
(DBN)

IMF slashes UK economic growth forecast
(DBN)

SMEs lead the fall in business insolvencies during June 2012
(DBN)

UK Inflation Unexpectedly Slows
(DBN)

______________

EU:

German investor optimism drops unexpectedly
(DBN)

______________

PIIGS:

Could the Radical Left Win in Greece? --- No power cuts for property tax, government spokesman says
(DBN)

Moody's Slashes Ratings Of 13 Italian Banks --- Tax prised from evaders to cushion Italy budget
(DBN)

Spain sees robust demand, pays sharply lower interest rates in short-term debt
(DBN)

______________

Canada:

Supreme Court of Canada Hears Appeal of Re Indalex Limited
(DBN)

_____________

Netherlands:

Bankruptcy rate rises 25%
(DBN)

______________

Japan:

36 Percent Of Fukushima Children Have Abnormal Growths From Radiation Exposure
(DBN)

_____________

China:

IMF Lowers China Growth Forecasts, Warns of Risks
(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