July 24, 2012

The Daily Bankruptcy News

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Law:

Law Firms’ Appeal of Coudert Bros. Clawback Ruling Could Benefit Former Dewey Partners, Too --- Lesson from Dewey: Look Closely at Your Own Firm’s Finances --- Dewey paid executive partner $190,000 since bankruptcy filing --- Former Dewey leaders seek to move suit to federal court
(DBN)

Reality Sinks in: Attitudes Have Changed About the Post-Recession Marketplace
(DBN)

Kirkland, Kaye Scholer, Cravath, Foley, Steptoe: Business of Law
(DBN)

Davis Polk, Paul Weiss, Clifford Chance: Business of Law
(DBN)

Weil signs up Hogan Lovells partner for London restructuring team
(DBN)

Howrey Estate to Subpoena 70 Law Firms over Unfinished Business --- Howrey estate searching for money
(DBN)

Burleson LLP Strengthens Bankruptcy And Restructuring Practice, Adding Attorney Elizabeth M. Guffy
(DBN)

Law Firm Suddenly Closes, Leaving 10 Lawyers Jobless and Two Clients Claiming Losses
(DBN)

Cooley opens Los Angeles office
(DBN)

Johnnie Cochran's office placed under receivership to settle legal dispute
(DBN)

Bonuses for associates are rare this year
(DBN)

Thomas M. Cooley defeats graduates' fraud action
(DBN)

Law School Transparency: Cooley counts temp doc review as a full-time long-term job --- A few notes on the Cooley decision
(DBN)

You get what you pay for in legal education
(DBN)

NEWSWEEK Cover Story "Generation Screwed!" - Of course, it includes law school graduates
(DBN)

Law School News from Yale, Cooley, Texas Tech + More
(DBN)

'Law School Death List'
(DBN)

Rapping California Girl Giving You A Property Primer Before The Bar Exam
(DBN)

Better Never than Late: Fix the Problem If You’re Always Running Behind in Your Work
(DBN)

7 Ways Lawyers Can Use LinkedIn More Effectively
(DBN)

BigLaw CIOs Lament BlackBerry's Woes
(DBN)

2012 ABA Tech Survey reveals surge in lawyer iPhone, iPad use
(DBN)

To Teach or Not to Teach: Adjunct Work Can Come with a Hefty Price
(DBN)

Cease And Desist Letter of the Day: Captain Jack Doesn’t Need Mean Lawyers
(DBN)

The Structure Of Corporate Law Departments
(DBN)

Reputation Management (Two Words, Two Meanings)
(DBN)

Colorado Shooting Suspect Appears in Court --- Colorado Suspect Faces Potential Capital Charge --- Death Penalty Rare In Colorado --- Colorado Has ‘Middle of the Road’ Gun Laws; Would Assault Weapons Ban Have Helped? --- Did James Holmes Draw a ‘Hanging’ Prosecutor? --- These People Acted Like Heroes During The Colorado Shooting --- How Japan Virtually Eliminated Shooting Deaths
(DBN)

Cert Petition Claims Insanity Defense Is a Constitutional Right
(DBN)

Penn State Fined $60 Million, Banned From Bowl Games for Four Years
(DBN)

Protester’s lawyer wants tweet justice
(DBN)

Where the Buck Stops: Lawyers Need to Verify All the Nice Things Being Said About Them Online
(DBN)

Are Lawyers by Definition Members of the Upper Middle Class? --- Not This One
(DBN)

Lawyer Sues Doc re Claimed Murder-for-Hire Plot, Seeks Damages for Loss of Enjoyment of Life
(DBN)

Lawyer Charged in Gun-Silencer Case Makes Constitutional Argument for Dismissal
(DBN)

Worker Says Boss Set His Hair on Fire
(DBN)

1st Amendment Lawyer Fights for His Right to a Vanity Plate
(DBN)

Dozens Injured In Robbins Fire Walking Exercise
(DBN)

Florida Man Charged With Battery Over Raspberry
(DBN)

Cut it Out, Bar Tells Disbarred Lawyer
(DBN)

"Respondent (a lawyer)allegedly made "baby noises," scratched him, and tried to bite him"
(DBN)

The Theater’s 12 Greatest Courtroom Dramas
(DBN)

Mongolia or Bust: A New ‘It’ Country Draws Adventurous Lawyers to BigLaw
(DBN)

Want to Get Hired? Just Take Off Your Shirt!
(DBN)

Lawyers' fashion debate exposes inequities in India
(DBN)

Jones Day Attorney Makes It Onto Jeopardy as Three-Time Champion
(DBN)

The backup suit
(DBN)

For 87 year-old man, grief and anger over an end-of-life decision
(DBN)

Police Fire Rubber Bullets At A Crowd Including Women And Children, Release Attach Dog On Mother Holding Child
(DBN)

Say What?!
(DBN)

______________

Judges:

Justice Scalia’s Literary Collaborator Tells All
(DBN)

No Matter Who Wins, SCOTUS Nominees Will Get Younger
(DBN)

Federal Judge Pens Memoir About His Time on the Bench and His High-Profile Cases in ‘Disrobed’
(DBN)

So You Want To Be A Supreme Court Justice? Don’t Sniff Glue.
(DBN)

Illinois Court Staffer Is Accused of Taking Files Home and Shredding Them
(DBN)

Lawyer testifies at judicial inquiry into conduct of judge
(DBN)

Judicial conduct commission to seek removal of Bronx Surrogate after report
(DBN)

Federal Judge Blasts US Prosecutors for ‘Unbelievably Inexcusable Behavior’
(DBN)

Law student sues prosecutors, marshals after Rakoff letters
(DBN)

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Wall Street:

Stock index futures signal lower open
(DBN)

Stocks close lower, Spain bailout fears stalk world markets
(DBN)

World stocks, euro slide on fears of Spanish bailout
(DBN)

The Bad Boys Of Bear Stearns: Where Are They Now?
(DBN)

10 Things You Need To Know Before The Opening Bell
(DBN)

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Layoffs:

Cisco Lays Off 1,300 Employees
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Telecoms:

Blood in the Bankruptcy Waters Draws Claims Traders to Ex-Nortel Employees
(DBN)

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Furniture:

Linwood Furniture assets to be auctioned off
(DBN)

_____________

Student Debt:

Cap and groan for graduates
(DBN)

The Government Takes Aim at Risky Student Loans
(DBN)

College Students Are Bearing More of the Tuition Burden
(DBN)

Study: Private Student Loan Defaults Top $8.1 Billion
(DBN)

Fitch: No Shocks to Student Loan Market in CFPB Recommendations
(DBN)

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Economy:

Everyone Experiencing a Different Economy
(DBN)

US Treasury to sell stock and debt in TARP banks
(DBN)

Neil Barofsky Was Sick To His Stomach When He Realized What A Sweet Deal Banks Were Getting In The Bailout
(DBN)

More Americans Retiring Abroad
(DBN)

How the Feds Can Take Your Property
(DBN)

Rating Agency Worker: 'I Am Genuinely Frightened'
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Moody's: National eminent domain program would push jumbo RMBS losses
(DBN)

Home Sales Held Hostage by Junior Lien Holders
(DBN)

Mortgage revenue, loan growth propel 2Q bank earnings
(DBN)

Fannie Mae calls housing bright spot in sluggish economy
(DBN)

Home values rise for first time in 5 years
(DBN)

Fannie Mae, Freddie Mac Getting Receivership Contingency Plan
(DBN)

Goldman Sees ‘Strong’ Recovery for U.S. Housing --- Picks Builders Worth Buying
(DBN)

Fannie Mae Can't Shake Suit Over Missing Stairs
(DBN)

Home Starts Buoy Pickup Truck Sales
(DBN)

BofA catches big break: Walnut drops challenge to $8.5 bln MBS deal
(DBN)

Home foreclosures in LA County, state drop nearly 50% from year ago
(DBN)

Amherst spotlights potential HAMP abuse from real estate investors
(DBN)

Bankruptcy Appellate Panel for the Sixth Circuit holds that value of low income housing tax credits must be considered when valuing a debtor's property under 11 U.S.C. ý 506(a)
(DBN)

____________

Retailing:

Wet Seal fires CEO; shareholder calls for sale
(DBN)

______________

Banking:

Pressure mounting for Libor jail terms --- Neugebauer Seeks More Fed Papers on Libor Rate Abuses
(DBN)

______________

Media:

Judge confirms Tribune Co. plan to emerge from bankruptcy
(DBN)

______________

Municipalities:

Stockton bankruptcy plan: Cut bond payment $197.5 million --- The Bankruptcy and the Burglar --- Judge pondering request to overturn health coverage revocation --- Stockton lawyer: Judge can't tell city how to spend money
(DBN)

San Bernardino may look to outsourcing, merging departments
(DBN)

Vallejo, California's Bankruptcy Offers 'Opportunity,' Even As City Operates In The Red
(DBN)

Schilling-Bond Refunding Hastened by Lowest Yields
(DBN)

CalPERS will get its due from bankrupt cities
(DBN)

Are California’s 'Charter Cities' Bankruptcy Prone
(DBN)

California parents set to take over failing public school
(DBN)

Anahuac drowning in budget and water woes - City is on the verge of bankruptcy
(DBN)

Six Stockton employee groups agree to cuts
(DBN)

Walk Through The Ruins Of Gary, Indiana
(DBN)

U.S. Cities Get Fleeced in Libor Scandal
(DBN)

______________

Fraud:

Court affirms bankruptcy court's $2 million Vertical ruling
(DBN)

Con man Dreier spent $500,000 on escorts
(DBN)

Former Stanford executive stays in limbo as SEC case drags
(DBN)

Cyberco bankruptcy judge adds big interest tab to $72 million judgment against Huntington Bank
(DBN)

______________

Aviation:

American Airlines CEO says airline is recovering
(DBN)

Flight attendants won’t finish voting on contract until after judge’s deadline
(DBN)

Hawker Beechcraft executives seek $5 million in bonuses amid bankruptcy; trustee fighting move
(DBN)

Superior Aviation back in court to battle Textron
(DBN)

______________

Religion:

Mediation Underway in Archdiocese Bankruptcy Proceedings
(DBN)

New trial for priest set on eve of Lynn sentencing in abuse scandal
(DBN)

Charles Street, OneUnited to try bankruptcy mediation
(DBN)

Member of Israeli Knesset Rips Up New Testament In Protest Over “Revolting Book”
(DBN)

______________

Corporate Reform:

One Year In, Consumer Financial Agency Has Had 'Extraordinary' Impact
(DBN)

Payday Lenders Seek U.S. Oversight to Avoid State Rules
(DBN)

______________

Politics:

‘Bain’ there, too: Obama supporters also led bad private-equity deals
(DBN)

Sorry, Mitt: Businesses Aren't Built on Their Own
(DBN)

Mitt Romney's Other Tax Secret
(DBN)

Lawyers Raking in Cash as Campaign Spending Hits Records
(DBN)

______________

Banking:

A Closer Look at the Libor Scandal --- Saying Goodbye to Libor Won’t Be Easy, but It’s Necessary
(DBN)

The roll call of unscrupulous bankers
(DBN)

Retired Madam Would Rather Her Daughter Be A Prostitute Than A Banker
(DBN)

Would the Stress Tests Have Caught WaMu?
(DBN)

______________

Tax:

Ex-Mobil executive loses offshore tax fight with IRS
(DBN)

Don’t “possess” it or “sell” it — but do pay $29 million in taxes on it
(DBN)

______________

Alternative Energy:

NovaSolar faces dismissal
(DBN)

Solyndra, Cronyism, and Double-Dipping on the Taxpayers’ Dime
(DBN)

______________

Orchestras:

Financially troubled symphony files for Chapter 7 bankruptcy
(DBN)

______________

Credit/Debit Cards:

U.S. credit card settlement unlikely to help stores charge fees
(DBN)

______________

IP:

Kodak wins one patent decision, loses another, as sale continues
(DBN)

Appeals court says Kodak does not infringe Apple patent
(DBN)

Kodak loses RIM, Apple patent case: Bankruptcy recovery looks bleak
(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 (26 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)

______________

Bankruptcy Statistics:

Bankruptcy filings continue to fall in New Mexico
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Reform:

Commercial Law League Of America
(DBN)

______________

Automatic Stay:

Stay doesn't protect misuse of property, 6th Circuit rules
(DBN)

______________

Avoidance Actions:

If it seems too good to be true…the Eleventh Circuit hammers the hopeful unsecured lender
(DBN)

Lenders Beware When Securing Debt With Assets of a Borrower's Subsidiaries
(DBN)

______________

Jurisdiction:

Interpretations of Stern in the Western District of Michigan
(DBN)

______________

Litigation:

Beyond Prediction: Technology-Assisted Review Enters the Lexicon
(DBN)

Inability to Pay a Factor in Lawyer Sanctions
(DBN)

Streamlining Discovery Motions: What Judges Want to See
(DBN)

______________

Insurance:

Trustees have no standing to object to disbursement of policy proceeds in interpleader action
(DBN)

Risk Averse: Insurance Firm Looks Askance at ‘Pot Lawyers’
(DBN)

______________

Compensation:

Best Buy Pay Expert Said to Quit Over Bonuses
(DBN)

Bankruptcy Bonuses: Another Way Execs Cheat Workers
(DBN)

______________

Obits:

Rick Brooks, Hero Of 1990s `Zero-Down' Bankruptcy Court Expose, Has Died
(DBN)

______________

Health Care:

Colorado-Fayette Medical Center in Texas Files for Chapter 11 Bankruptcy
(DBN)

Moody's: Hospital Downgrades Surpass Upgrades in 2Q of 2012
(DBN)

Why breast cancer organization Y-Me filed for bankruptcy
(DBN)

Milk is Actually Really Bad for You
(DBN)

______________

Personal Finance:

Saving Me Money Made Me Broke
(DBN)

______________

Mass Torts:

Board: BP missed the big hazard issues in spill
(DBN)

Channel Surfing – A Look at Recent Circuit Decisions on 524(g)Channeling Injunctions
(DBN)

______________

Education:

Hit by falling profit, enrollment, DeVry to cut 570 jobs
(DBN)

______________

Hedge Funds:

So Long As John Paulson Doesn’t Work Up The Nerve To Send That Redemption Letter To A Certain Hedge Fund Located At 1251 Avenue of the Americas, New York, NY, 10020, Paulson & Co. Will Be Around For Years To Come
(DBN)

______________

Brokers:

Peregrine Claim Traded for 20 Cents on Dollar, CRT Says
(DBN)

Peregrine's bankruptcy trustee seeks 43 more days on finances
(DBN)

Peregrine Judge Gives Bankruptcy Trustee Role-Clarifying Order
(DBN)

For brokers like Peregrine, from bad times to worse
(DBN)

PFGBest's fraud went undetected in two agency reviews
(DBN)

CME Group wants customer money held at clearinghouses
(DBN)

______________

Sovereigns:

Argentina debt fix sharply challenged by U.S. appeals court
(DBN)

The Awesome Pari Passu Hearing
(DBN)

______________

UK:

' Bankruptcy tourism' debate sparked by boyband bankruptcy
(DBN)

Ex-Freshfields senior partner Salz set to head up Barclays Libor inquiry --- FSA’s Turner Says Libor Scandal, Bonuses Destroyed Public Trust in Banks
(DBN)

Midland firms call for tougher bankruptcy rules
(DBN)

______________

EU:

Euro-Zone Government Debts Hit Record
(DBN)

The Euro Area Downturn Is Getting Worse
(DBN)

Eurozone has few options left, all of them bad
(DBN)

John Paulson Said to See 50% Odds Euro to Fail
(DBN)

Paul Krugman vs. Estonia
(DBN)

European markets weaken on sovereign fears; loans resilient
(DBN)

Germany, Netherlands Rating Outlooks Cut to Negative by Moody's --- The Cracks In The German Economy Are Getting Bigger
(DBN)

Euro Vulnerable as Poor PMI Data Darkens Outlook
(DBN)

______________

PIIGS:

German, Spanish Ministers to Meet as Their Economies Diverge --- Madrid in duel with regions for aid --- Spain Bans Short Selling
(DBN)

Greece reportedly faces IMF aid cut-off --- Bill Clinton Pops Up in Greece as Europe's Woes Worsen --- ECB says Greek bonds ineligible as collateral --- EU says mismanaged Greek banks face 'revamp' --- Samaras Seeks Greek Budget Cuts as Troika Arrives for Inspection --- Moody’s Is Pretty Sure Greece Won’t Leave The Eurozone
(DBN)

Ten Italian cities at risk of bankruptcy , schools may not reopen
(DBN)

Deutsche Bank: EU Bailouts of Italy and Spain Can Be Done
(DBN)

ie: FitzPatrick to be examined in court over ownership of London office
(DBN)

______________

Russia:

Miel Reaches Settlement With Creditors
(DBN)

______________

Poland:

Bankruptcies in retail up by 87% in H1 2012
(DBN)

______________

Australia:

Queensland on verge of bankruptcy : "the Spain of Australian states"
(DBN)

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Copyright 2012