July 23, 2012

The Daily Bankruptcy News

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Law:

In Dewey talks, a surprise $50 mln insurance policy emerges --- Dewey: 'Clawback' Plan To Be Modified --- Proposed Dewey settlement extended to Aug 7 --- Discontent --- Bankruptcy settlement on hold as ex-partners wait on amendments--- Trio of Former Dewey Leaders Try to Shed Fraud Suit
(DBN)

Bankruptcy Partner Will Be New Chairman at Morrison Foerster
(DBN)

Skadden, Jones Day, Wachtell, Latham: Business of Law
(DBN)

Details of controversial DLA LawVest stakes revealed by company filing
(DBN)

After rejecting 1 WTC, Chadbourne & Parke opts for former Dewey space
(DBN)

Judge certifies for appeal Coudert Brothers cases against law firms
(DBN)

Bad Numbers Revealing Worse Trends
(DBN)

CC approves policy change to speed up partner exits
(DBN)

Court approves $60M settlement by Buchanan Ingersoll
(DBN)

The Equity Gap: A Special Report on Women in the Partnership --- Glass ceiling? Not at Fragomen --- At the bottom, where few women rise
(DBN)

Judge Denies Venture Capital Firm’s Arbitration Bid in Lawyer’s Discrimination Case
(DBN)

BigLaw: Bet it is sneaking into Aldi to buy coffee-room supplies
(DBN)

College Employees Join JDs: Job market becomes uncertain
(DBN)

BigLaw: Getting in, but not on the partner track
(DBN)

You Still Got a Job Replaces Spring Bonuses --- No Spring Bonuses for You
(DBN)

Mayer Brown pays its trainees not to work
(DBN)

Cooley Law Grads’ Lawsuit Dismissed
(DBN)

If Law Schools Were More Like College Football Programs
(DBN)

Law School Transparency: Should you stay? --- They write letters
(DBN)

America's Top 10 Entertainment Law Schools
(DBN)

Overcoming Your Fear of Asking for Business
(DBN)

‘Refreshing’ Document Review Job Ad Is Actually Just Annoying And Unprofessional
(DBN)

Colorado Shooting Suspect's Rapid Descent --- Who is James Holmes? --- Two Portraits of James Holmes Emerge --- 4 Guns Found After Colo. Movie Theater Shooting Rampage That Left 12 Dead Were Legally Purchased --- Controversial Gun From The Colorado Theater Shooting ---Under a Blood Red Sky --- Victims' Stories Start to Emerge --- Suspect Had An NIH Grant Given To 'Outstanding Neuroscientists' --- Studio liability in Colorado shooting likely limited --- Why violence, but not sex, is protected by the First Amendment --- Tx. Rep. Gohmert Blames Shooting on Attacks on Christianity
(DBN)

Apps of the Week
(DBN)

Creating a reputation through social media
(DBN)

Someone stole hundreds of David Hasseloff life-sized cutouts
(DBN)

California’s New Privacy Squad Is on the Way
(DBN)

Phoenix Pastor Jailed For Holding Home Bible Studies
(DBN)

Lawyer Says He Didn’t Trade Smokes, Drugs for S-- at Jail
(DBN)

Lawyers go wild for traditional Maori war dance
(DBN)

'Goat man' spotted in mountains of northern Utah
(DBN)

The Most Embarrassing DUI?
(DBN)

Woman Loses Appeal for Right to Mother's Brain
(DBN)

Cops: Woman Dialed 911 With Mug Shot Beef
(DBN)

Say What?!
(DBN)

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Judges:

US bankruptcy judge retires
(DBN)

5th Circuit accepting applications for federal bankruptcy judgeship in Austin
(DBN)

Should judges try to be funny?
(DBN)

Judge Makes Cryptic Comment on Day 1 of Sheriff Arpaio Trial
(DBN)

Don't "Stump" Your Nose At The Court
(DBN)

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Wall Street:

US Stock-Index Futures Decline on Greek Default Concern
(DBN)

Markets Are Getting Pummeled
(DBN)

Stocks Snap 3-Day Rally on EU Woes; Banks Sag
(DBN)

What has helped the Dow may now end up hurting it
(DBN)

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Layoffs:

Jobless Rates Rise in 27 States
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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History:

7 Surprising Bankruptcies Straight From Our History Books (Bankruptcy in the 1600s? Who Knew?!)
(DBN)

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Media:

Rupert Murdoch Resigns From Newspaper Boards
(DBN)

Tribune's bankruptcy exit could mean company breakup
(DBN)

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Municipalities:

In Vallejo, mixed picture of life after bankruptcy
(DBN)

Stockton skips $2.5M payment --- Stockton made scant headway in pre- bankruptcy talks --- City mediation wrangling: 210 hours --- Stockton Says it Revealed Bondholder Offers --- Document details Stockton's 40-year bankruptcy plan --- Stockton City Council Writes Open Letter to Community --- For Stockton, Calif., Bankruptcy 'Freezes Everything'
(DBN)

Vendors wait for payments as San Bernardino approaches bankruptcy proceedings
(DBN)

Compton May Be The Next City To Go; Then Victorville, Montebello ...
(DBN)

Sniffing out financial failure in California cities
(DBN)

Cities in financial trouble: debt defaults are still rare
(DBN)

Why US cities are going bankrupt
(DBN)

Vulture funds ramp up as more cities go bust
(DBN)

Bankrupt cities suffer for officials' foolishness
(DBN)

Muni Bond ETFs Yawn at Latest Bankruptcy
(DBN)

With pensions soaring, some school districts fearing bankruptcy
(DBN)

US Lawmakers Disagree Over Municipal Bond Default Risks
(DBN)

Ex-BofA Executive Indicted For Fraud In Municipal Bond Probe
(DBN)

Municipal bond market still unclear on advisers
(DBN)

American Wastelands
(DBN)

12 American Cities That Rank Among The Biggest Economies In The World
(DBN)

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Economy:

Global economy in worst shape since 2009
(DBN)

The US Government Has Never Borrowed This Cheaply
(DBN)

Spanish Worries Feed Global Fears
(DBN)

Poorest Americans Turning To Payday Loans To Afford Food, Electricity
(DBN)

Consumer Spending Is Becoming A Big Red Flag
(DBN)

Single Parenthood Helps Explain Boost in US Income Inequality, Researchers Say
(DBN)

How the Elites Built America’s Economic Wall
(DBN)

The mega-rich are hiding at least $21 trillion in tax havens
(DBN)

Wealth Doesn't Trickle Down, It Goes Offshore
(DBN)

US Poverty On Track To Reach Highest Level Since The 1960s
(DBN)

The Fattest People In The World
(DBN)

CEOs and Simpson-Bowles 3.0
(DBN)

US Recovery is a Dangerous Mirage
(DBN)

Young Adults, Seniors Reflect on Economy
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Why Do Billionaires Get a 1% Mortgage?
(DBN)

BofAML: Improved supply & demand healing housing market
(DBN)

Suntrust expects decline in GSE mortgage repurchase demands
(DBN)

Big-four mortgage originations climb 37%
(DBN)

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Food/Beverage:

Report: US has fewest cattle in at least 4 decades
(DBN)

Lawsuits fly amid legal war over ice cream fortune
(DBN)

Buffets Completes Restructuring and Emerges From Chapter 11
(DBN)

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Corporate Reform:

Dodd-Frank balloons to almost 9,000 pages --- Two-thirds of Dodd-Frank still not in place
(DBN)

On CFPB's First Birthday, Watchdog Is Still Vulnerable To Possible Dodd-Frank Repeal
(DBN)

Debt collectors, debt buyers: Temporary reprieve from CFPB supervision
(DBN)

Blamed over Stanford, SEC's Texas office plots comeback
(DBN)

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Aviation:

AMR flight attendants to vote on labor contract
(DBN)

American Airlines Needs Merger Less Than Suitor, CEO Says
(DBN)

American CEO says merger fate won't be dictated by others --- Resists US Airways' pressure to merge
(DBN)

Proposal would give pilots big stake in American Airlines
(DBN)

APFA to send American Airlines’ ‘last, best, final offer’ to flight attendants for a vote --- American Airlines ‘pleased’ that flight attendants will get a chance to vote on a contract
(DBN)

Details released on proposed APFA-American Airlines contract
(DBN)

Early-out option would offer American Airlines flight attendants a $40,000 incentive to leave --- Particulars on the early-out program
(DBN)

Airline fuel surcharges rising faster than fuel costs, study finds
(DBN)

Airlines: 9 Desperate Measures They're Taking
(DBN)

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Banking:

Prosecutors, regulators close to making Libor arrests --- Banks consider settlement with authorities in Libor scandal --- LIBOR's heavy toll --- Wall Street lawyers up for LIBOR litigation --- Regulators knew Libor was rigged --- Goodbye, Old Friend --- The LIBOR scandal meets Jon Stewart --- 8 Things Jon Stewart Gets Wrong About LIBOR --- Elizabeth Warren: 'Libor Fraud Exposes Rot At The Core Of The Financial System'
(DBN)

Bank failures in 4 states bring 2012 total to 38
(DBN)

Markets mull life after the 'Whale'
(DBN)

Peeling the Onion: A Structural View of U.S. Bank Holding Companies
(DBN)

______________

Student Debt:

Report Details Woes of Student Loan Debt --- Study: Student loans went to people who couldn't repay --- Report finds private student loans riskier before financial crisis
(DBN)

Can Bankruptcy Solve Student Loan Woes? --- Student Loan Bankruptcy Forgiveness
(DBN)

Default Rates on Student Debt Rise Sharply
(DBN)

Lou Gehrig home-run ball helps put dent in doctor’s student debt
(DBN)

______________

Bankruptcy Crimes:

Mobile man accused of lying on bankruptcy forms
(DBN)

______________

Coal:

Union seeks to transfer Patriot Coal bankruptcy to W Va
(DBN)

UMW officials fret over coal company Ch. 11 plan
(DBN)

Coal Bankruptcy Fears Stoked, but China Risk Is Bigger
(DBN)

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

______________

Derivatives:

Behind Credit Default Swaps Market, a Cartel Left Open to Collusion
(DBN)

______________

Debt Collection:

Though Bad Debts Fall, Lawsuits Over Collection Practices Rise
(DBN)

Debt collectors want money from ill father
(DBN)

Another Collection Agency Shut Down Over Payday Loans
(DBN)

______________

Politics:

Liz slams Mitt on Obama comments --- Warren vs. Christie? --- A Warren Donor Muses About Money --- Brown and Warren Cash in from Bain Capital Execs --- Scott Brown jabs Elizabeth Warren's Hollywood supporters
(DBN)

______________

Telecoms:

Nokia's Turnaround May Be Successful After All
(DBN)

______________

Software:

Fast Bet calls in turnaround expert after failing to get development funding
(DBN)

______________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (34 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (36 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)

MF Global UK, Quinn's Nephew, Polish Builders
(DBN)

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Bankruptcy Statistics:

NM Bankruptcy filings continue to fall
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Plan Confirmation:

Small Business Chapter 11 Plan Must Be Filed Within 300 Days; Deadline Cannot Be Extended Pursuant To Section 105.
(DBN)

______________

Litigation:

Can High School Students Review E-Discovery Documents?
(DBN)

______________

Serial Filings:

Car Parts Retailer Strauss Auto Files for Record Fifth Bankruptcy
(DBN)

______________

Accounting:

IASB branded 'not fit for purpose' as it clashes with FASB
(DBN)

______________

Autos:

Auto Sales Weaken in Early July
(DBN)

The 30 Year Decline of Young Drivers
(DBN)

______________

Arbitration:

Second Circuit’s Regard of the “Manifest Disregard” Standard
(DBN)

______________

Alternative Energy:

Valence bankruptcy filing shows difficulty of thriving in lithium-ion battery market
(DBN)

______________

Oil/Gas:

SemGroup prospering four years after collapse
(DBN)

______________

Lehman:

J.P. Morgan Blames Lehman Brothers' Management
(DBN)

______________

Celebs:

The Broke and the Beautiful: Anniversary Edition
(DBN)

Merrill Lynch embezzler now faces bankruptcy woes
(DBN)

26 Successful People Who Failed At First
(DBN)

______________

Brokers:

Charities may have to repay PFG donations
(DBN)

Peregrine trustee OK'd to notify clients about assets
(DBN)

Peregrine Receiver Can Hire Pilot, Restaurant Manager
(DBN)

Koch Firm Says MF Global Seeks Untouched $20 Million
(DBN)

______________

Sovereigns:

Sovereign Miscellany
(DBN)

______________

UK:

HSBC scandal erupts as UK banking faces shake-up --- HSBC — the unravelling story
(DBN)

Rothschild Chairman to Lead Barclays External Review--- Barclays Fine to be paid slashing bonuses of Diamond and others --- Barclays old guard rule themselves out of top jobs --- Barclays’s Diamond Finds a Friend When It Counts
(DBN)

Father who showered teenage daughter with a £20,000 birthday party jailed for flouting bankruptcy court order
(DBN)

Ex-Rangers owner Craig Whyte is back in business.. as a debt collector
(DBN)

Debt Industry dismay at new Mental Health Guide
(DBN)

Superglass appoints directors in turnaround bid
(DBN)

UK: Recession in Third Straight Quarter
(DBN)

______________

EU:

Spanish turmoil pushes the euro to a 25-month low
(DBN)

Eurozone crisis saves Germany tens of billions
(DBN)

Greece Is Down 4.5%
(DBN)

Euro Bailout Bid Gets Vote Of No-Confidence
(DBN)

______________

PIIGS:

Spanish troubles send euro, shares lower --- Spanish Recession Probably Deepened in Second Quarter --- Spain's In Trouble Again: But Is 7% The Danger Level? --- Spain's bond yields hit euro-era high --- Spanish protests swell as jobless march on Madrid --- Blaming the Spanish victim as Europe spirals into summer crisis--- Spain Nears Implosion As Businesses Threaten To Leave
(DBN)

Italian parties back Monti as crisis threat mounts --- Monti: No more budget measures are necessary
(DBN)

Danger of euro exit still real, Kouvelis warns --- Greek PM: We're in a Great Depression --- Bankruptcy may Hang over Greece in September --- German Minister: The 'Horror' Of A Greek Exit From The Euro Is Fading --- Greece Seeks New Cuts Ahead of Troika Visit --- IMF to Stop Further Aid Tranches to Greece, Spiegel Says --- Spiegel: The IMF Will Pull The Plug On Greek Aid --- IMF tempted to pull the plug on Greece --- European Bank Shuns Greek Bonds as Collateral
(DBN)

______________

Japan:

Japan probes alleged cover-up at nuclear plant
(DBN)

Fitch Cuts Ratings of Japan's Biggest Banks
(DBN)

______________

MENA:

Kuwait's NIG asks for $475 mln sukuk extension as maturity looms
(DBN)

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Copyright 2012