July 2, 2012

The Daily Bankruptcy News

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Law:

US Trustee Faults Dewey Plans to Hire Advisers --- Objects to advisers in Dewey bankruptcy
(DBN)

Baker McKenzie, Skadden, Sullivan, Akin: Business of Law
(DBN)

Verrilli, Skadden, Cravath, Freehills: Business of Law
(DBN)

15 Mind-Blowing Salaries Pulled In By Corporate America's Top Lawyers
(DBN)

After Howrey's Fall: Winding Down IT and Dealing With Data
(DBN)

Quinn Emanuel in line to advise on multimillion-pound Barclays claims
(DBN)

Buchanan Ingersoll Settles Adelphia Bankruptcy Claims
(DBN)

Ruden McClosky's bankruptcy case won't be converted to liquidation
(DBN)

Bankrupt Thelen Collects More Than $400K in Clawback Settlement With 4 Firms
(DBN)

Hogan Lovells, BLP and Freshfields top UK lawyer satisfaction rankings
(DBN)

A&O secures partner buy-in to continue worldwide push
(DBN)

UK: First-mover firms report average revenue growth of 7 per cent for 2011-12
(DBN)

SJ Berwin partners gear up to vote on new remuneration system
(DBN)

Law firm mergers drop in 2nd quarter
(DBN)

Majority of lawyers expect their firm to merge within next three years
(DBN)

Rates and cost per hour comparisons between inside lawyers and lawyers at law firms in the United States
(DBN)

C. Allen Parker Will Be Cravath’s Next Presiding Partner; Evan Chesler to Assume New Chairman Role
(DBN)

When Can a Corporation's Lawyer Blow the Whistle?
(DBN)

DLA Piper plans to appeal $1.29 million verdict against the firm
(DBN)

Vindication for Maligned Lawyer in Justices' Decision
(DBN)

Should Companies Hire Attorneys Straight Out Of Law School?
(DBN)

Firms Need to Work Harder Online to Get GCs' Business and Attention
(DBN)

The Pedigree Problem: Are Law School Ties Choking the Profession?
(DBN)

Attorney Accused of Offering Cops Up to $35K to Avoid DUI Is Convicted of Bribery
(DBN)

Insurer Offers Advice on Avoiding Legal Malpractice Claims in ‘Safe’ Business Transactions
(DBN)

Law Firm Settles Feds’ Civil Rights Suit re Client’s Service Dog; Will Pay $25K, Post Welcome Sign
(DBN)

Manhunt Is On for Law Grad Sought for Questioning in Girlfriend’s Beating Death
(DBN)

Yale Law Grad Takes Poison Pill, Effectively
(DBN)

Incoming UVA Law Student Asks for Tuition Donations
(DBN)

Transparency: Dear Rising 3L
(DBN)

Courtship Connection SF: ‘Law School Has Ruined Her’
(DBN)

Unfortunate Comment Award
(DBN)

The Courtroom of Style: Are Glittery Gold Leggings Considered Appropriate Attire for a Murder Trial?
(DBN)

Slander Suit Says Paul Hastings Lawyer's Spittle Spurred Slap
(DBN)

Hiring International Outside Counsel? Better Do Your Homework
(DBN)

Smile gets defendant six more months in prison — and Eighth Circuit affirms
(DBN)

Ex-Lawyer is New Today Show Co-Host
(DBN)

A Former Wall Street Trader May Have Swallowed A Deadly Pill In Court Before Dying Minutes Later
(DBN)

Police: Man pulled gun on neighbor for farting
(DBN)

Say What?!
(DBN)

______________

Judges:

Specie appointed US bankruptcy judge for Northern District of Florida
(DBN)

Why Roberts saved Obama's healthcare law --- The Secret History of the Chief Justice’s Obamacare Decision --- Roberts switched views to uphold health care law --- How The Chief Justice Used Obamacare To Reveal His True Identity --- Chief Justice Roberts signals that Supreme Court remains independent --- ObamaCare decision roundup --- Healthcare Haiku
(DBN)

U.S. Court Health-Care Ruling Limits on Spending Power Seen as Its Legacy
(DBN)

Will Health Care Decision Push Supreme Court out of Political Spotlight?
(DBN)

Poll: The Supreme Court's Approval Rating Plunges After The Obamacare Decision
(DBN)

High court for sale: Sotomayor magnets, anyone?
(DBN)

Did Roberts Aim to Preserve Faith in Court? For First Time, He Sided with Liberals in 5-4 Split
(DBN)

The Tyranny of the Majority
(DBN)

In Supreme Court Term, Striking Unity on Major Cases
(DBN)

Benchslap of the Day: Ceglia Gets Slammed (Yet Again)
(DBN)

How Can a Worried Judge Go Off the Grid — Without Actually Going Off the Grid?
(DBN)

SCOTUS Affirms That America is the Land of Taxes and Lies
(DBN)

The Hot Seat: Lawyers and Judges in Trouble
(DBN)

______________

Wall Street:

Stocks Gain on Factory Data as Italy, Spain Bonds Advance
(DBN)

Wall Street ends weak quarter with a bang --- Stocks Soar; Dow Posts Best June Since 1997
(DBN)

______________

Layoffs:

The Most Employed City in Every State
(DBN)

Health law: No Rx for US hiring
(DBN)

Where’s the work?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Municipalities:

Chapter 9 - California and Federal Bankruptcy Law/Relative Bargaining Positions
(DBN)

Stockton bankruptcy resulted from common reckless borrowing --- Stockton Battle With Bondholders Begins This Week --- New paradigm for struggling cities --- Best option, worst option, only option --- Council action required Record effort from staff --- Creditor tears into Stockton --- The Bleeding Edge of a Scary Economic Trend --- Stockton Threatens to Be First City to Stiff Bondholders --- Court Bankruptcy Documents Detail Stockton Debts --- Legislator: AB506 not a failure in Stockton --- Stockton’s bankruptcy: California’s Greece --- Stockton Moves From Miserable To Bankrupt --- Stockton Is About Stockton -- Chapter 9 adjacent
(DBN)

Fitch keeps Stockton PFA 'BB+' water revs on watch negative
(DBN)

Much more to Stockton’s bankruptcy
(DBN)

Pa. lawmakers OK longer Harrisburg bankruptcy ban --- State House approves bill extending bankruptcy prohibition for Harrisburg; it heads to Senate for vote
(DBN)

Middletown looks for debt help from state program
(DBN)

State lawmakers expected to extend bankruptcy prohibition for Harrisburg and other fiscally distressed third-class cities
(DBN)

Graduate Students Offer A Financial Crisis Toolkit
(DBN)

Jefferson County Can't Divert Bond Payments, Judge Rules
(DBN)

Judge gives a win to Wall Street in Alabama bankruptcy --- Judge rules county cannot reserve for legal fees from sewer revenues
(DBN)

Bankruptcy judge curbs Alabama county's cash use
(DBN)

Wall Street to cheer Judge Bennett sewer ruling, bond analyst says
(DBN)

How Wall Street Scams Counties Into Bankruptcy
(DBN)

While Rest Of U.S. Economy Plods, Houston Gets Hotter
(DBN)

County lawyer's memo warns of potential insolvency
(DBN)

U.S. Municipalities That Went Bankrupt
(DBN)

NV Supreme Court to decide key bankruptcy provisions
(DBN)

High-court ruling could help municipalities like Altoona
(DBN)

______________

Photography:

Kodak's US losses shrinking, but slowly
(DBN)

______________

Economy:

Consumer sentiment lowest since December
(DBN)

Oil posts fourth biggest daily gain on record
(DBN)

Sovereign, Financial Bond Risk Falls After Bailout Rules Eased
(DBN)

Citi: 10 Reasons We Worry About US Consumer
(DBN)

The Great American Economic Mirage
(DBN)

Green Light for Health Care Reform Law Also OKs New Investment Tax for Those Making Over $200K
(DBN)

US Win on Insurance Mandate Overshadows Significant Loss on Spending Power, Ex-SG Says
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

The New Cramdown
(DBN)

CoreLogic: 63,000 Completed Foreclosures Last Month
(DBN)

Whistleblowers Win $46.5M In Foreclosure Settlement
(DBN)

Las Vegas home prices reach highest level since 2010
(DBN)

Look Who's Buying America Now!
(DBN)

Government watchdog criticizes FHFA principal reduction delays
(DBN)

Amherst: Seizing mortgages by eminent domain unfair to investors
(DBN)

Fewer banks tighten mortgage underwriting standards
(DBN)

CFPB cites confusion in reverse mortgage market in latest study
(DBN)

Trustee wants judge to view Carter's Grove
(DBN)

Third-Party Robo-Signing
(DBN)

BofA's Blunder: $40 Billion-Plus
(DBN)

Homeowner Bill of Rights Up For Final Vote in Sacramento
(DBN)

IndyMac CEO Settles Long-Running Subprime-Related Securities Suit
(DBN)

Leasehold Recharacterization in Bankruptcy: A Review and Critique
(DBN)

____________

Mail:

Postal plant consolidations start next month
(DBN)

______________

Fraud:

Peter Madoff pleads guilty, blames jailed brother --- Admits Aiding Brother's Ponzi Scheme
(DBN)

Madoff Victims Wait for Recouped Billions
(DBN)

More Financial Scams Target Seniors
(DBN)

______________

Pensions:

Bankruptcy lawyers charge less than $1M
(DBN)

War on pensions moves to new target: those already retired
(DBN)

______________

Alternative Energy:

Solyndra wants more time to file bankruptcy plan
(DBN)

Bankruptcies of Solyndra, Konarka highlight debate over government investment in alternative energy
(DBN)

______________

Aviation:

American Airlines and UCC agree to ask the bankruptcy court to extend the exclusivity period
(DBN)

Proposals spell out TWU pay raises through 2017
(DBN)

TWU’s ‘me-too’ clauses bring improved deals for five American Airlines groups
(DBN)

American Airlines says it will seek reorganization filing extension through Dec. 27
(DBN)

Pinnacle Airlines Corp. hires restructuring consultant
(DBN)

______________

Food/Beverage:

Friendly's Gets Poor Marks Post- Bankruptcy
(DBN)

Proofs of claim due in Adams Produce PACA case
(DBN)

USDA lifts PACA sanctions against Cinco De Mayo Inc.
(DBN)

______________

Publishing:

Houghton Mifflin Chapter 11 Sent to Boston
(DBN)

______________

Lehman:

Hedge Fund Manager Wants Lehman Brokerage Trustee Cash Soon
(DBN)

Lehman Raises $1.5 Billion For Creditors
(DBN)

______________

Baby Products:

Maclaren to Cover Bankrupt Distributor's Product-Liability Suits
(DBN)

______________

Hotels:

Five Hotels Owned by Shamrock-Hostmark Fund File for Chapter 11
(DBN)

______________

Awards:

Kramer Levin's Work as Creditors Committee Counsel on Capmark Bankruptcy Wins Chapter 11 Reorganization of the Year Award
(DBN)

______________

Distressed Investing:

The Art of the Bankruptcy Stub: Adelphia Recovery Trust
(DBN)

______________

Corporate Governance:

New York Times Article Bashes Delaware as Corporate Haven
(DBN)

How Delaware Thrives as a Corporate Tax Haven
(DBN)

In Caymans, It's Simple to Fill a Hedge Fund Board
(DBN)

______________

Banking:

Trustee sues TierOne's ex-officers, board members, auditor
(DBN)

JPM exec's $16M pay could be clawed back
(DBN)

Head of JPMorgan's trading unit retires with $57.5 million
(DBN)

Court Holds that Noteholders Cannot Meddle in Deutsche Bank’s Suit
(DBN)

Bank downgrades trigger billions in collateral calls
(DBN)

Ex-Citi VP: 8 Years for Stealing $22 Million
(DBN)

Ridiculous Divergence Between Bank CEO Pay And Shareholder Returns
(DBN)

FDIC Issues 53 Enforcement Actions In May
(DBN)

Banker backlash will go on and on
(DBN)

______________

Consultants:

CVC Acquires Majority Ownership of AlixPartners
(DBN)

______________

Student Debt:

Teacher’s Wages Garnished as U.S. Goes After Loan Default
(DBN)

______________

Education:

U.S. Judge Strikes Federal Rule on For-Profit Colleges
(DBN)

______________

Retailing:

Hilco, Rooms To Go buy Roomstore inventory
(DBN)

______________

Religion:

Pa. monsignor seeks prison release, plans appeal
(DBN)

Priest Allegedly Sexually Assaulted Woman Undergoing Exorcisms
(DBN)

______________

New Bankruptcy Opinions
(2 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (54 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (38 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:

Bankruptcy Week Ahead
(DBN)

Rochelle on American Airlines, Vitro, Madoff, Kodak: Audio
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Cross-Border:

SDNY Bankruptcy Court Opens Door For Rule 2004 Use in Chapter 15
(DBN)

______________

Plan Confirmation:

Does the Absolute Priority Rule Still Apply to Individual Chapter 11 Debtors Post-BAPCPA
(DBN)

______________

Litigation:

Capitalizing on Wi-Fi in Courtrooms
(DBN)

Judge Declines to Factor Overhead, Firm Size Into Award for Attorney's Fees
(DBN)

Will E-Discovery Cost Recovery Catch the Supreme Court's Eye?
(DBN)

Securities Suit Filings Continue Apace in Year's First Half
(DBN)

______________

Celebs:

The Broke and the Beautiful: Octomom Redux Edition
(DBN)

Dykstra facing 20 yrs. for fraud
(DBN)

District court stays bankruptcy order releasing tapes of Manson follower
(DBN)

The Behind-the-Scenes Bankruptcy Lifestyles of the (Perhaps Not So)Rich and Famous
(DBN)

Lauryn Hill Pleads Guilty to Tax Evasion, Her Lawyer Blames Her Celebrity For the Circus
(DBN)

______________

Insurance:

D&O Insurance: Subsequent IndyMac Bank Claims Interrelated with Prior Suit, Precluding Coverage for Later Claims under Second Insurance Program
(DBN)

______________

Telecoms:

TerreStar regroups in Chapter 11 after LightSquared lease exit
(DBN)

______________

Agriculture:

FIA Tells Senate Panel Bankruptcy Code, CEA Are Well-Suited to Protect Customer Funds
(DBN)

______________

Shipping:

Japan's Sanko Steamship files for bankruptcy --- Financial tsunami rolls in as Sanko declares bankruptcy
(DBN)

______________

Health Care:

Two hospitals sued after filing bankruptcy
(DBN)

25 Healthcare Leaders React to the Supreme Court's Decision to Uphold the PPACA
(DBN)

Healthcare credits stable after Supreme Court upholds bill
(DBN)

After health ruling, will US be ready for the law?
(DBN)

______________

Politics:

FactCheck: Obama, Romney, Health Care
(DBN)

______________

Corporate Reform:

The First 6 Months: Obama's Consumer Advocate Speaks
(DBN)

Governments Have Failed Miserably on Business Crime
(DBN)

In Case Against Philip Falcone, a Warning to Others
(DBN)

______________

UK:

Adair Turner: lying bankers' 'heads should roll'
(DBN)

What did Bank of England say to Barclays about Libor?
(DBN)

HMRC writes off £5.2bn in tax
(DBN)

Buyside puts clawback pressure on Barclays
(DBN)

Barclays fine suggests Libor collusion
(DBN)

U.K. Banking Group Cancels Party Following Libor Probes, Barclays Fines
(DBN)

Sterling Erases Losses As PMI For Manufacturing Beats Expectations
(DBN)

Emergency treatment for the NHS
(DBN)

______________

EU:

What Really Happened at the European Summit?
(DBN)

Germany denies Schaeuble talk of Greece euro exit
(DBN)

Eurozone unemployment hits new record in May
(DBN)

French auditor says cuts needed to meet deficit goals
(DBN)

The Idea of Europe Needs to Catch Up With Reality
(DBN)

______________

PIIGS:

Irish Personal Insolvency Bill 2012 published
(DBN)

10,000 to have debt written off under new laws --- How the bill will take effect for banks and debtors
(DBN)

Pre-Pack Sales in Ireland
(DBN)

Debtor to have veto over personal insolvency measures: Shatter
(DBN)

Italy asset sale plan no fix for debt woes
(DBN)

Spanish bailout saves German pain
(DBN)

EU deal for Spain, Italy buoys markets but details sketchy
(DBN)

German banks win big from Spain bailout
(DBN)

ECB's Asmussen tells Greece to focus on reforms
(DBN)

Greek leader faces crucial audit
(DBN)

______________

Canada:

Canadian Business Bankruptcy
(DBN)

BC Court approves Catalyst Paper reorganization plan
(DBN)

______________

China:

Chinese Manufacturing Slows --- China manufacturing falls to seven-month low --- Worse to Come?
(DBN)

______________

Asia:

Asian Factories Hit With Slump in Orders
(DBN)

______________

Serbia:

Serbia Faces 'Total Bankruptcy '
(DBN)

______________

Russia:

Court Rules Rosneft Not Liable for $340M Yukos Loan
(DBN)

______________

Mexico:

Cemex debt plan seeks breathing room with creditors
(DBN)

______________

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Copyright 2012