July 18, 2012

The Daily Bankruptcy News

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Law:

Sticky Wages Depress Associate Hiring; BigLaw on Track to Become ‘Older and Dumber’ --- Distribution of Starting Lawyer Salaries, 2007 and 2011
(DBN)

Howrey Officially Begins Process of Clawing Back Money from Former Partners
(DBN)

Ex-CEO seeks $192 million from Duane Morris
(DBN)

DLA Piper posts double-digit increase in revenue outside US --- DLA Piper non-US business posts revenue boost as UK falls
(DBN)

The 2012 GC Compensation Survey
(DBN)

Judge Seals Lawsuit Against Quinn Emanuel Partner
(DBN)

"Plaintiff filed this case in Florida, yet Plaintiff requests New York hourly rates"
(DBN)

Hourly Billings Are Making You Anxious and Depressed
(DBN)

MoFo Joins Rate-Fixing Fray, Representing Ex-Barclays COO in Libor Investigations
(DBN)

Lawyer Offices Shrink and Group Space Expands; Paul Hastings Considers Permanent Home Offices
(DBN)

California's Madoff Investor Suit Gets NY Court Review
(DBN)

Biglaw Beach Bodies? (Or: Avoiding excessive PPP — poundage per partner.)
(DBN)

Baker Botts lawyer back from deployment to Afghanistan
(DBN)

Virtual Law Offices: A New and Lasting Frontier?
(DBN)

Reducing email risks of malpractice
(DBN)

Lawyers eye payday in record credit card settlement
(DBN)

Lawyer’s seven-year effort to get paid hits another delay
(DBN)

Workplace ‘Bring Your Own Device’ Policies Save Money Now, But May Risk Future Litigation
(DBN)

Face Time, Not Flextime, Is Critical to Success
(DBN)

Study Names Top Law Schools for Scholarly Impact; 18 Significantly Outperform US News Ranking
(DBN)

Do Not Trust Deans Bearing Versatile Juris Doctors
(DBN)

The Life and Times of Erika Awakening, Professional Pickup Artist and Harvard Law Grad
(DBN)

A Top Law School ‘Fesses Up: Yeah, We’re Violating the Law Clerk Hiring Plan — What You Gonna Do About It?
(DBN)

Should Law Schools Put More Money Into Career Services?
(DBN)

Employees Who Work at Home May Pay the Price in Raises and Promotions
(DBN)

"For special events in the legal sector, it's the performance art which closes the deal"
(DBN)

American Litigiousness Statistics That Will Make You Angry
(DBN)

Prominent Utah Attorney Says Man Who Stabbed Him at Home Was a Stranger
(DBN)

Bar Program in Kansas Promotes Rural Practice, an Increasingly Appealing Choice for Law Grads --- For Jobs, Some Young Lawyers Are Keepin' It Rural
(DBN)

Law School Transparency: Some rules for risky times
(DBN)

What Can the Real Rate Report Tell Us About the Value of Entry-Level Lawyers?
(DBN)

Legal Ad of the Week: Stilettos and a Bloody Chainsaw --- Law Firm Ad Shows A Divorced Woman Covered In Blood, Carrying A Chainsaw
(DBN)

Western Law Firms Get Approval for South Korea Offices
(DBN)

Trying Novel Approaches to Create In-House Value
(DBN)

Law Libraries Transformed:Crowded Collaboration and Social Solitude (The Apple Store vs The Commons)
(DBN)

Alternative Fee Arrangements, the misunderstood member of the billing family
(DBN)

ACLU Files ‘Right to Read’ Lawsuit in Michigan
(DBN)

Police Pound On Wrong Door Looking For Suspect Without Identifying Themselves . . . Then Shoot And Kill Innocent Man Who Answers The Door With Weapon
(DBN)

83-year-old woman asks Supreme Court to review DOMA challenge
(DBN)

Say What?!
(DBN)

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Judges:

Sonia Sotomayor Worried Joining The High Court Would Derail Her Love Life --- Buys DC Condo in Trendy Neighborhood --- Lawyerly Lairs: Justice Sotomayor Está En La Casa
(DBN)

Lawyers’ Defense of Judge in Criminal Trial Leads to Contempt Case, Ethics Complaint
(DBN)

Witness Claims Judge Touched His Muscles
(DBN)

John Roberts Escapes the Controversy But Not the Leaks
(DBN)

Chief Justice Shirley S. Abrahamson: Chief Justice Roberts’ key message lost on many critics
(DBN)

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Wall Street:

US Stock Futures Fall Before Federal Reserve Beige Book
(DBN)

U.S. stocks up on earnings, ahead of Fed
(DBN)

Goldman Sachs beats low expectations
(DBN)

Words That Will Make You Sound Like A Wall Street Hotshot
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Credit/Debit Cards:

AmEx gets lift from card-issuer settlement
(DBN)

Retailers Mulling Ramifications of Huge Card Case Settlement
(DBN)

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Food/Beverage:

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

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Economy:

Treasury Yields Close to Lows as Bernanke Refrains From Stimulus
(DBN)

Market turns up after Bernanke, led by defensives --- Bernanke Offers Bleak View, No Hint on Fed Action
(DBN)

Bernanke Predicts Slow Progress on Unemployment
(DBN)

Bernanke says LIBOR is 'structurally flawed,' defends Fed response
(DBN)

Factories in U.S. Show Resilience as Production Rises
(DBN)

Boston Fed Wants to Cut Discount Rate, Kansas City Fed to Raise It
(DBN)

Fed's Pianalto Says More Weak Data Would Warrant More Stimulus
(DBN)

Intel Lowers Forecast as Developed Markets Fail to Rebound
(DBN)

The Last Years of America's Historic GDP Reign
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Home builder confidence rises most in nearly a decade
(DBN)

With Low Supply, Asking Prices Rise for Fifth Straight Month
(DBN)

Southern California housing market posts gains in June
(DBN)

Los Angeles sues US Bancorp, calls bank a slumlord --- Blames Lender for Condition of Foreclosed Homes
(DBN)

Bank of America, Syncora settle mortgage fraud lawsuit - sources
(DBN)

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Banking:

HSBC contrite as senators hammer money-laundering lapses --- Compliance Chief Steps Down - During Hearing --- Report On HSBC Money Laundering Reads Like A James Bond Villain's Master Plan --- HSBC compliance chief sees 'areas of failure'
(DBN)

Libor Scandal: Why the NY Fed Must Be Investigated --- US Regulators, Taken to Task on Libor , Vow Vigilance --- What if banks boycott Libor ? --- Will Libor Scandal Finally Force Real Bank Reform in the US? --- Goldman, Buffett Poised to Avoid Libor Woes --- In rate-rigging investigation, which bank has immunity?
(DBN)

Roll Call of Unscrupulous Bankers Is Unacceptably Long
(DBN)

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Telecoms:

Judge Says She Will Approve LightSquared Bankruptcy Loan
(DBN)

FiberTower files for chapter 11
(DBN)

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Gambling:

Tribal Troubles - Without Bankruptcy Relief
(DBN)

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Aviation:

APA board member: Here’s why pilots should vote down American Airlines contract | Airline Biz Blog
(DBN)

Bankruptcy court allows exclusive negotiations between Hawker Beechcraft, Chinese firm on sale
(DBN)

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Health Care:

Third Circuit Delivers Jolt to Pharmaceutical Industry
(DBN)

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Politics:

The Best Theory For Why Mitt Romney Won't Show His Taxes --- Jon Stewart On Mitt Romney's Bain Defense
(DBN)

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Agriculture:

Farmer Shows How His Corn Has Been Destroyed By The Drought
(DBN)

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Corporate Governance:

Del. judges mean it: Don't file derivative suit pre-investigation
(DBN)

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Mass Torts:

Tainted Town Reaches Cleanup Milestone
(DBN)

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Electricity:

Lawmakers seek more transparency for co-ops following SME bankruptcy
(DBN)

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Auto Racing:

Nurburgring circuit on brink of bankruptcy
(DBN)

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Health Care:

Sale of property halted at closed Saint Catherine Medical Center
(DBN)

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Fraud:

California's Madoff Investor Suit Gets NY Court Review
(DBN)

Hedge Fund Consultant Wesley Wang Admits to Passing Tips
(DBN)

Rajaratnam Silent in Tax-Shelter Deposition, Lawyer Says
(DBN)

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Brokers:

PFG Founder Has No Money For Attorney
(DBN)

Local chef recalls relationship with disgraced Peregrine executive Wasendorf
(DBN)

FBI defends arrest of brokerage CEO at hospital
(DBN)

Peregrine’s Wasendorf Seeks Bail on Charges of Lying to U.S. Regulators
(DBN)

Bankrupt broker Peregrine has two months to wind down
(DBN)

Commodity Watchdog to Beef up Audit Practices --- CFTC chief admits failure in oversight of Peregrine
(DBN)

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Personal Finance:

The Rising Cost of Summer BBQs
(DBN)

Don't Call Me Maybe If You're Drowning In Student Loan Debt
(DBN)

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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 (32 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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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Miscellaneous:

Dewey's Bankruptcy Case, Developments in Madoff, Sbarro, Ritz Camera
(DBN)

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Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

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Plan Confirmation:

Chronicle of the “Unforeseeable” Foretold
(DBN)

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Discovery:

Target of investigation “discovers” that Section 1521(a)(4)of the Bankruptcy Code permits broad discovery of a debtor’s property and affairs
(DBN)

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Sales:

Radlax — ′An Easy Case′
(DBN)

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Credit Reporting:

Americans' Credit Scores Coast While Finances Crumble
(DBN)

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Litigation:

Judge Scheindlin Issues Strong Opinion on Custodian Self-Collection
(DBN)

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Brushes:

Harper Brush bankruptcy nears critical ruling
(DBN)

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Celebs:

What Bankruptcy ? Michael Vick Launches New Clothing Line
(DBN)

9 Once Rich And Famous People Who Became Homeless
(DBN)

Carvel ice cream heiress’s trip to bankruptcy court ends in sticky mess; judge seeks her arrest
(DBN)

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Municipalities:

San Bernardino Bankruptcy : Pensions a Driver? --- Pension costs not the core of San Bernardino's problem --- Why I opposed bankruptcy --- Bankruptcy decision back before the council --- San Bernardino between rock and a hard place --- Politics Weighs Down San Bernardino's Economic Problems --- City Workers Worry About Rubber Checks in San Bernardino
(DBN)

'What If' Charts Of California's Pension Shortfall
(DBN)

Stockton to ask judge to lift gag order on pre- bankruptcy talks
(DBN)

City of Compton may declare bankruptcy by September: officials
(DBN)

Defaulted California Cities Share Much in Common; Muni Investors Don't Care
(DBN)

Cities move forward, despite debt obligations
(DBN)

Muni Investors Aren't Buying Bankruptcy
(DBN)

Lawsuit-plagued Washington town mulls tax increase, not dissolution
(DBN)

New Mexico Finance Authority probed for fraudulent reporting
(DBN)

Harrisburg City Council's lawyer quits because he hasn't been paid
(DBN)

Medicaid, pension costs put squeeze on states --- States Plagued by Fiscal Problems, Pension Payments
(DBN)

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UK:

Bank of England: no hint of LIBOR fraud in 2008 --- King Defends BOE Libor Role After Scrutiny on Geithner Memo --- Bank of England says did not get Fed warnings --- Libor scandal highlights the need to ask 'Who will guard the guards?' --- Seven Banks Under UK Libor Investigation as FSA Criticized --- Morse And Dearlove in Focus After del Missier Grilling --- Tucker to Diamond: You're an 'absolute brick' --- Things can't get much worse for Tucker --- Tricky lessons for the players in Liborgate
(DBN)

Twickenham saved from bankruptcy
(DBN)

UK unemployment falls on Olympics boost
(DBN)

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EU:

Funds fear legal risk over euro zone break-up plans
(DBN)

Goldman CFO: Europe remains a primary concern
(DBN)

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PIIGS:

Greece needs bridging loan, scrambles for more cuts --- New Greek cuts “almost impossible” says party backing coalition government --- PM issues ultimatum to ministers over cuts
(DBN)

Monti Seeks to Cut Spending in Sicily Amid Concern of Default --- Why Sicily Could Be Next to Default
(DBN)

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Canada:

Canadians Are Richer Than Americans For The First Time Ever, Thanks To Socialism
(DBN)

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MENA:

The real victims of bankruptcy when companies go under in the UAE
(DBN)

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Copyright 2012