July 19, 2012

The Daily Bankruptcy News

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Law:

LeBoeuf Retirees: Not Fans of Proposed Dewey Settlement --- Retiree Group Claims Dewey Clawback Plan Protects Leaders at Expense of Other Partners --- Bankrupt Dewey's Bonus, Retention Plan Faulted by Trustee --- Former Dewey U.K. Partners Set to Snub $103.6M Firmwide Settlement Plan
(DBN)

Lawyer Pay, King & Spalding, Venable: Business of Law
(DBN)

Former Howrey partners in bankruptcy trustee's crosshairs
(DBN)

The Legal Profession's No-Win Scenario
(DBN)

Supply & Demand for 1/2/3L’s
(DBN)

Mayer Brown offers London trainees £10,000 to defer for one year
(DBN)

Study Shows Firms Are Boosting Associate Billing Rates
(DBN)

General Counsel Compensation Falls in 2011; Average Base Pay and Bonus Is $1.7M --- Who Are America’s Best-Paid General Counsel? (2012 Rankings)
(DBN)

In the JPMorgan scandal, a rush to hire lawyers
(DBN)

Freshfields, MoFo join Libor line-up with key banking inquiry roles
(DBN)

Ex-Client Sues Duane Morris, Says Senior Partner’s Failure to Disclose Conflict Cost Him $92M
(DBN)

Judge Upholds $2.3M Verdict for Man Wrongly Jailed for 10 Years
(DBN)

Six Lessons From Six Months as an Associate
(DBN)

Report: Pay Is Down (But Still Pretty Good)for Top In-House Lawyers
(DBN)

Professional Life in America: Binary (Success/Failure)
(DBN)

Romney Leaning on Ex-Akin Gump Associate for VP Vetting
(DBN)

Hazard Pay
(DBN)

Lawyer Charged in Own Shooting; Authorities Say He Staged Apparent Attack for Unknown Reason
(DBN)

U of Louisville Reviews $2.4M Overbudgeting of Law Scholarships, Admissions Official Resigns
(DBN)

The Little Lessons of Law School
(DBN)

Duncan School of Law to Appeal Accreditation Denial Again
(DBN)

Is Law School Loan Debt Ruining Your Love Life?
(DBN)

Law School Transparency: Mysteries of Rutgers
(DBN)

How Law Schools Could Save Students $150 Million. Per Year.
(DBN)

Judge Won’t Dismiss RICO Conspiracy Case Against South Texas DA
(DBN)

Texas Lawyer Accepts Billboard Marriage Proposal
(DBN)

Lawyer of the Day: Midwestern Attorney Allegedly Sets Trap On Himself
(DBN)

Are Virtual Law Offices Here to Stay?
(DBN)

How to Write an Effectively Nasty Lawyer Letter --- Marty Singer Breaks Down the Art of the Cease-and-Desist Letter
(DBN)

Diary of Tom Cruise's Lawyer: 10 Days, 200 Phone Calls and 30 Letters
(DBN)

Elderly Man Accused of Pointing Fingers Like a Gun at Bank Employees Sues over His Arrest
(DBN)

Groupon For Lawyers? Nope. Unethical.
(DBN)

Men busted for illegal chocolate eggs
(DBN)

Overcoming Your Fear of Asking for Business
(DBN)

Former Partners Trade Insults in Suit Over Firm's Dissolution
(DBN)

9th Circuit Rips Lawyer for Stonewalling on Discovery
(DBN)

Former Texas Supreme Court intern to take a year off from Texas Tech University School of Law to serve as Miss Texas
(DBN)

A New Take on 18th Century Piracy Law
(DBN)

Deputies Beat Him for 'Amusement,' Man Says
(DBN)

Say What?!
(DBN)

______________

Judges:

Scalia says no 'falling out' with Roberts
(DBN)

Scalia Plans Book Tour, Interview
(DBN)

Poll: John Roberts more popular among liberals than conservatives
(DBN)

Intention and the Canons of Legal Interpretation
(DBN)

North Dakota Oil Boom Puts Stress on State Courts
(DBN)

Huge Majority of CA Judges Support Pushing On With Drastic Reform
(DBN)

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Wall Street:

Stock index futures point to fresh peaks
(DBN)

Stocks rise as investors shrug off weak earnings
(DBN)

Goldman's golden egg turns leaden; bank plans cuts --- To Cut $500m in Costs
(DBN)

Goldman Sachs Cuts Compensation 14%, 1000 Jobs: Flight to micro businesses
(DBN)

Scant improvement for women's representation on bench
(DBN)

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Layoffs:

Deutsche Bank to cut 1000 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Brokers:

Peregrine CEO's bail hearing delayed, receiver eyes assets --- Peregrine CEO denies lavish lifestyle, assets to be sold
(DBN)

Peregrine’s Wasendorf Sr. Touted New HQ in 2009 Video
(DBN)

PFG customers clamber to sell claims at 25 cents or less
(DBN)

CFTC Gensler talks Dodd-Frank, PFGBest in Senate hearing
(DBN)

MF Global UK wins court approval to return some client assets
(DBN)

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Economy:

3 Reasons Treasury Secretary Geithner Says the Economy Is Definitely Slower
(DBN)

Recap: Bernanke Questioned by Congress, Day Two
(DBN)

America's Cracked Nest Egg
(DBN)

America's Cracked Nest Egg
(DBN)

China to Buy US Assets via GM Pension
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Seizures May Be Cities' Last Hope in Mortgage Crisis
(DBN)

Eminent Domain and Underwater Homes
(DBN)

Banks in Crosshairs as Coakley Pushes Mortgage Relief
(DBN)

ResCap seeks OK for $14.9 million incentive payouts --- ResCap eyes up to $17.8 mln bankruptcy bonuses, payouts
(DBN)

Housing Crisis Sees 1.5 Million Older Americans Lose Their Homes
(DBN)

Home Starts in US Rise to Highest Level Since 2008
(DBN)

San Francisco Bay Area housing market improves in June
(DBN)

BofA Profit Rebound Marred by $22.7 Billion in Mortgage Claims --- Mortgages fill love-hate role for US banks
(DBN)

BofA Makes a (Small)Dent in Countrywide Liabilities with $375 Million Syncora Settlement
(DBN)

Loan Repurchase Liability Balloons For BofA
(DBN)

Goldman Sachs agrees to settle mortgage debt class action
(DBN)

FHA Expands Bulk Loan-Sale Program
(DBN)

Job Gains Need to Be Wind Under Housing’s Wings
(DBN)

____________

Banking:

Goldman's Blankfein: Libor scandal undermines financial system --- Geithner on Libor: US was first to raise red flags --- Geithner yawned at epic fraud
(DBN)

Capital One to pay $210 million in fines, consumer refunds
(DBN)

______________

Municipalities:

Bankruptcy coming to the hood
(DBN)

Stockton: Years of Unraveling, Then Bankruptcy for a City
(DBN)

City of Compton may declare bankruptcy by September-officials --- Will Run Out Of Funds By Sept. 1 --- Compton bankruptcy not a certainty, top official says
(DBN)

Lesson in contrasts: Stockton, San Bernardino and Sandy Springs
(DBN)

San Bernardino declares fiscal emergency ahead of bankruptcy filing --- HUD auditing San Bernardino --- San Bernardino's loss of redevelopment money: Not the state's problem
(DBN)

How can Stanton avoid bankruptcy?
(DBN)

Lunatics control California cities
(DBN)

California's 'Charter' Cities are Under the Microscope
(DBN)

Bond markets haven't signaled a California municipal meltdown
(DBN)

Meredith Whitney's Muni Massacre And The Recent California Municipal Bankruptcies
(DBN)

Allentown releases details about pension fix
(DBN)

Struggling Pennsylvania Cities Are Hamstrung By State Law
(DBN)

Jefferson County sewer creditors to skip rate hearings
(DBN)

Jacksonville Chapter 9 bankruptcy 'easier said than done'
(DBN)

Texas town renamed Bikinis
(DBN)

______________

Gas Stations:

Green Valley Oil to Pay Getty Petroleum $5.2M
(DBN)

______________

Health Care:

Weimar hospital files for Chapter 11 bankruptcy
(DBN)

States saying no to 'Obamacare' could see downside
(DBN)

______________

Corporate Governance:

Zombie Directors Should Exit U.S. Boardrooms
(DBN)

_____________

Coal:

UMWA gearing up to deal with Patriot Coal bankruptcy
(DBN)

______________

Video Games:

Lawyers divided over Beverly firm's $1.28M claim vs. Schilling co.
(DBN)

______________

Steel:

Judge clears way for up to $20M in bonuses for executives at bankrupt RG Steel
(DBN)

______________

Corporate Reform:

Whistleblower bounty taxed as ordinary income, not "profit from a sale"
(DBN)

_____________

Telecoms:

Reforms reduce potential penalties for FairPoint
(DBN)

Heavily indebted FiberTower files for bankruptcy to reorganize
(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 (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (37 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)

______________

Bankruptcy Statistics:

Bankruptcy filings down 4.7% in WI
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

____________

Plan Confirmation:

Blocking the Blockers – Ninth Circuit Bankruptcy Appellate Panel Rules that Blocking Confirmation Is Not a Good Cause to Change a Vote … Or Perhaps It Is
(DBN)

______________

Pensions:

U.S. District Court Holds Foreign Parent Subject to Personal Jurisdiction for its Bankrupt U.S. Subsidiary's Unfunded Pension Liabilities
(DBN)

Islands Hit With Bill for Failed Pension Fund Bankruptcy
(DBN)

______________

Litigation:

Life, Law and All That Jazz: Using the Art of Improvisation in the Courtroom
(DBN)

______________

Celebs:

Wesley Snipes Compares Hollywood Agents to Pimps in the Greatest Deposition Ever (Video)
(DBN)

______________

Fraud:

Madoff Trustee, California's Harris to Hold Talks on Suit
(DBN)

Eyeballing homes of Bernie kin
(DBN)

Madoff estate lawsuit goes to mediation
(DBN)

Ex-JPMorgan banker admits role in muni bid-rigging scheme
(DBN)

______________

Electricity:

U.S. to Seek Clawback of Grant to Closed Montana Power Plant
(DBN)

______________

Photography:

Judge give Kodak retirees more say in Chapter 11 proceedings
(DBN)

______________

Aviation:

US Airways CEO talks up a deal for AMR --- American Airlines parent AMR has 2Q loss of $241M on bankruptcy costs --- Results aided by business customers --- Comparison of AMR’s operating, net income since 2007 --- Horton’s message to troops about Q2 2012 earnings --- How AMR’s earnings stack up against projected results of rivals
(DBN)

US Airways CEO won't wait forever for merger --- With unions at his side, US Airways CEO renews merger push --- Parker: Only ones opposed to US Airways-American Airlines merger seem to be AA senior management
(DBN)

American Airlines: We’ll decide merger on facts, not ‘baseless rhetoric’
(DBN)

APA answers questions about its proposed 13.5 percent share of AMR’s new equity
(DBN)

Man With World's Largest P----, Frisked By TSA At California Airport
(DBN)

______________

Alternative Energy:

Abound executives blame China
(DBN)

______________

Credit/Debit Cards:

U.S. consumer agency fines Capital One for card marketing
(DBN)

______________

M&A:

What is the Financial Advisor's Role in a Deal? The Dragon Systems Situation
(DBN)

______________

UK:

Segro Falls Most in Two Months After Tenant Files Bankruptcy
(DBN)

Insurers facing billion-pound bill for LIBOR rate fixing --- Euribor rate-rigging investigation widens to four more banks
(DBN)

Liquidator disqualified for 12 years by High Court
(DBN)

______________

EU:

Euro drops, bonds rise after Merkel comments
(DBN)

Eurozone in danger, ECB should ride to the rescue: IMF
(DBN)

IMF: eurozone in critical danger, ECB should launch QE
(DBN)

_____________

PIIGS:

ie: IMF foresees EU deal to reduce Ireland’s bank-debt burden, wants cuts to Irish welfare rates
(DBN)

Spanish Withdraw More Deposits From Banks --- Spanish yields hover near danger levels pre-auction --- Merkel set to win Spanish aid vote despite rebels
(DBN)

______________

Canada:

Arctic Glacier Income Fund Announces U.S. Court Sale Recognition Order
(DBN)

______________

Germany:

German mail-order firm Neckermann in bankruptcy
(DBN)

______________

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Copyright 2012