July 25, 2012

The Daily Bankruptcy News

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Law:

Beware of Gifts from Dewey & LeBoeuf --- Library Costs Go to Bottom Lines at Dewey & LeBoeuf
(DBN)

Which Biglaw Firms Actually Make Women Equity Partners?
(DBN)

Why Yahoo’s New CEO Still Can’t Have It All
(DBN)

Cooley, Freshfields, Jackson Lewis: Business of Law
(DBN)

Bad Times for Big Banks, But Good Ones for Their Lawyers
(DBN)

"The (NY)Senate's not just a bunch of old people," Mindy Meyer, pink candidate, law student
(DBN)

Preparing Your Company for Tougher Credit-Rating Scrutiny
(DBN)

Lawyer Blogs His ‘Island Paradise’ Life
(DBN)

U of Illinois Law School Is Publicly Censured by the ABA, Fined for Misreporting Admissions Data --- ABA fines University of Illinois over admissions data
(DBN)

Law Student’s Explicit Law Firm S-- Diary Goes Public
(DBN)

Law School Transparency: Sunk costs --- The absurdity of UC-Irvine
(DBN)

Stanford Law School Has A New Dean
(DBN)

Fla. law grad charged with murder of Weight Watcher's exec
(DBN)

Worried About Bar Passage Rates, Law School Orders 3Ls To Take Remedial Bar Prep Based On Poor 1L Grades
(DBN)

Charges Dropped; No Trial for PI Lawyer Jeffrey Stern Once Accused in Contract Hit Plot On His Wife
(DBN)

What Women Wear to Court
(DBN)

4 Key Points for In-House Counsel When Managing Conflict
(DBN)

Defendant Lawyer in Lender-Racketeering Case Seeks Severance From ‘La Cosa Nostra Allegations’
(DBN)

Former Penn State President Claims Ex-GC Didn’t Seek Outside Advice or Prepare Him for Grand Jury
(DBN)

Cozen O'Connor Loses Fees Battle With Ethics Board
(DBN)

Corporate Lawyer Pens Cookbook
(DBN)

False Financial Aid Statements Draw Disbarment Recommendation
(DBN)

Better Than Driving Drunk? Or Not?
(DBN)

Man kidnapped by 4 people who bailed him out of jail
(DBN)

Insurer sues to keep from paying Penn State abuser's legal bills
(DBN)

He's Watching That, in Public?
(DBN - NY Times - Paywall Limit Possible)

The DIY divorce: Jilted husband marks 'Kev's half' on furniture before sawing it in half as he exacts bitter revenge on wife
(DBN)

Talk About Adding Insult To Injury
(DBN)

Say What?!
(DBN)

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Judges:

IG Seeks Review of Ex-Chief Municipal Judge’s Hiring of Relatives; Their Wages Cost $39K Per Month
(DBN)

John Roberts’ French Connection
(DBN)

'Disrobed' Offers Behind-the-Scenes Look at Life on the Bench
(DBN)

Attorney Compensation: Car Talk With Magistrate Judge Goodman!
(DBN)

Administrator to Seek Judge’s Removal, Due to His Handling of Lawyer’s Excessive Billing
(DBN)

Law Student Who Wrote to Federal Judge Sues Over Subsequent ‘Unreasonable’ Search of Her Cellphone --- Some Law Students Learn From Their Mistakes; Others Sue The U.S. Marshals Over A Cell Phone
(DBN)

Dramatic Cuts in Calif. Lead to Closure of 7 Courthouses in Fresno County
(DBN)

Quote of the Day: What Do Liz Wurtzel and Justice Scalia Share in Common?
(DBN)

New Jersey judges not subject to pension reform - court
(DBN)

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Wall Street:

U.S. Stock Futures Mixed
(DBN)

Markets Are Up In Europe After Bad Economic News
(DBN)

Dow Falls Again
(DBN)

______________

Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Agriculture:

Feds offer help to drought-stricken farmers
(DBN)

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Weather:

Greenland Fast Ice Sheet Melt is Scary
(DBN)

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Credit/Debit Cards:

JP Morgan Agrees to Pay $100M in Card Settlement
(DBN)

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Media:

Aurelius, others appeal judge's confirmation of Tribune bankruptcy
(DBN)

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Brokers:

Money gone? Peregrine CEO's receiver not so sure
(DBN)

Peregrine Trustee Allowed to Pay for Bond With Firm Funds
(DBN)

In the shadow of brokerage scandals, new proposals
(DBN)

MF Global’s U.S. Trustee Considering Suits Against U.K. Staff
(DBN)

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Fraud:

Fifty Shades of Fraud: Wasendorf, Peregrine and Copycat Fraud
(DBN)

Guilty Plea Expected in Insider Case
(DBN)

Why is Corporate Fraud So Rampant?
(DBN)

The Economics of Corporate Crime
(DBN)

Attorneys to SEC: Why sue my client and not Rothstein's banks?
(DBN)

Expert Networker John Kinnucan Said to Plan Insider Trading Guilty Plea
(DBN)

______________

Celebs:

Celebrity chef Rochat gets OK to exit bankruptcy
(DBN)

______________

Tax:

Former TaxMasters clients to get letters on rights
(DBN)

CA: Tax Man's New Tool, GPS Tracker on Cars
(DBN)

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Furniture:

Creditors, RoomStore board battle over bankruptcy --- Judge shifts RoomStore bankruptcy to Chapter 7 liquidation
(DBN)

Auction set for Linwood Furniture assets
(DBN)

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Environmental:

Anadarko, Tronox Resume Trial Over $25 Billion Lawsuit
(DBN)

______________

Media:

Tribune creditors ask judge to halt plan to exit bankruptcy
(DBN)

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Distressed Investing:

Lehman, MF Global Dominate Distressed-Debt Trading
(DBN)

______________

IP:

Kodak Bankruptcy Judge to Rule Later on Patent Fight With Apple
(DBN)

Seventh Circuit’s Take on Section 365(n)of the Bankruptcy Code: What’s the Point?
(DBN)

______________

Politics:

Elizabeth Warren: Libor scandal exposes rot at core of corrupt club
(DBN)

______________

Aviation:

120 members of Congress urge American Airlines to allow union representation vote
(DBN)

AMR Chief Pledges 'Fair' Merger Evaluation
(DBN)

Opponents to TWU contract put out video
(DBN)

Ads for plane tickets must show real cost - U.S. court
(DBN)

Airlines Made $22.6Bn in Passenger Fees in '11
(DBN)

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Economy:

More Americans living paycheck to paycheck
(DBN)

Bernanke May Hit Limit From Buying Too Many Treasuries
(DBN)

Citi: US Interest Rates Could Tumble To New All-Time Lows
(DBN)

Those Idiots In Washington Don't Know Jack About The Economy
(DBN)

UPS lowers 2012 view on slowing global economy
(DBN)

CBO: Health Care Law Will Cut Deficit --- High Court Health Ruling to Increase Uninsured, CBO Says --- 13 states aim to limit Medicaid
(DBN)

Guess What Percentage Of Americans Work For The Government Now Versus The Late 1970s?
(DBN)

Bailed-out banks still struggling to repay U.S. government --- Many TARP Banks Used Fed Loans to Repay Public Debt
(DBN)

The Governing Elite Are The Greatest Threat To the World's Middle Class
(DBN)

Jack Bogle: Capitalism Has Lost Its Soul
(DBN)

Comparison of Senate Democratic, GOP tax cuts
(DBN)

Only 23% Trust the Financial System
(DBN)

Fed Is 'Moving Closer' To More Action
(DBN)

Inequality Is Much Worse When You Count Income Hidden In Tax Shelters
(DBN)

Neil Barofsky's Hilarious Description Of His First Meeting With Barney Frank
(DBN)

These Manhattan Prices Will Shock The Rest Of America
(DBN)

China Wages Rise, Manufacturing Comes Home
(DBN)

How Most Millionaires Get Rich
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Housing market bottoms; first price increase in 5 years: Zillow
(DBN)

Eminent Domain: Eminently Suitable for Defaulted Loans
(DBN)

MBA's Stevens: 'Radical' Eminent Domain Plan Will Wreck Economy
(DBN)

Wall St: experts say eminent domain mortgage seizures are unconstitutional
(DBN)

Wall St. Hot Investment: Foreclosed Homes
(DBN)

ResCap Spars With Creditors Over Mortgage Settlement Deadline
(DBN)

When Restructuring Financially Distressed CCRCs, Go With Creativity—Not Bankruptcy
(DBN)

JPMorgan, Citigroup Lose Bid to Move $2 Billion TMST Suit
(DBN)

Phoenix short sale prices flatten on faster liquidations
(DBN)

Mass. June home sales strongest in two years
(DBN)

At CFPB Hearing, an Urge for Caution on Mortgage Rules
(DBN)

____________

Religion:

Philadelphia Monsignor Gets Up to 6 Years in Prison --- Higher-ups in Roman Catholic Church probably talking lots with their lawyers
(DBN)

______________

Student Debt:

Gov. Pushes Clear Student Financial Aid Forms --- Final Version of Financial Aid Shopping Sheet --- Making college costs more transparent
(DBN)

Higher Education Needs a Financing Overhaul
(DBN)

Sallie Mae, CFPB Back Student-Loan Changes at Senate Hearing
(DBN)

The Next Debt Crisis
(DBN)

______________

Education:

DeVry shares sink to six-year low after warning
(DBN)

______________

Health Care:

Hospital's bankruptcy filing dismissed by federal judge
(DBN)

Nearly 10% of employers to drop health benefits, survey finds
(DBN)

After Repealing Obamacare, What Would Romney Replace It With?
(DBN)

Brain-Injured Abuse at For-Profit Center Scandalizes U.S.
(DBN)

______________

Coal:

Coal output to shrink as mining margins in retreat
(DBN)

______________

Resorts:

Mountain Shadows owners turn to bankruptcy court to settle dispute
(DBN)

Owner files for bankruptcy to save Anna Maria resort
(DBN)

______________

Entertainment:

Bankruptcy, Bad Debts Trail University Of Hawaii Concert Promoters
(DBN)

______________

Corporate Reform:

New York Fed Faces Questions Over Policing Wall Street
(DBN)

210 Million Reasons to Love the CFPB
(DBN)

______________

Banking:

The Wait Continues For WaMu Shareholders
(DBN)

Libor reveals a rotten financial system --- Banks would prefer to just settle this whole Libor thing amongst themselves --- Bank traders under scrutiny for rate-rigging --- Libor probe widens to investigate possible collusion --- Wall Street Journal Names Some Names in Libor Case --- Libor Probe Turns Up Possible Rate-Rigging Ringleader --- More damn lies and Libor statistics --- Libor and the Financial Crisis --- NY Fed quiet on Barclays' admission of rigging Libor
(DBN)

The Bank Of England Smelled Something Fishy In JP Morgan's London Office Years Ago
(DBN)

The strange price surges that inflated JPMorgan's controversial trades
(DBN)

US Big Banks' Glory Days Feared to Be Gone for Good
(DBN)

______________

Soccer:

Soccer Case Highlights Differences Between U.S. and English Bankruptcy Law
(DBN)

Pompey shutdown looms as wage dispute rumbles on
(DBN)

______________

Oil/Gas:

Toklan Oil and Gas files for Chapter 11 protection
(DBN)

______________

Non-Profits:

Breast Cancer Support Group to Liquidate
(DBN)

______________

Newspapers:

Sun-Sentinel Editor Declared Bankruptcy, Left Millions: The Questions Howard Saltz Won't Answer
(DBN)

______________

Pensions:

Boston law firm slashes bill
(DBN)

______________

Consultants:

Millstein & Co expands advisory practice with new hires
(DBN)

______________

Credit/Debit Cards:

Wal-Mart opposed to $6B card fee settlement
(DBN)

JPMorgan in $100 million credit card settlement
(DBN)

______________

Mass Torts:

BP, Transocean faulted over preventive efforts in gulf spill
(DBN)

Scientists seek global ban on asbestos
(DBN)

Del. SC sides with employer in asbestos suit
(DBN)

English Law Reinsurance Contracts May Not Cover Asbestos or Other U.S. Liabilities
(DBN)

______________

Food/Beverage:

Hostess commits to Teamster talks, though success proves elusive
(DBN)

______________

Alternative Energy:

Audit finds fraud in Fla. energy grant program
(DBN)

______________

Autos:

GM to Unveil R&D Plans on Bailout Conditions
(DBN)

Chrysler Likely CAW's Strike Target
(DBN)

______________

New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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:

Fitch: U.S. Personal Bankruptcy Expected to Drop by 11% in 2012
(DBN)

O.C. bankruptcies lowest in 3 years
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Compensation:

US Trustee objects to Hawker bonus plan
(DBN)

Velo Holdings KEIP Approved by SDNY Bankruptcy Court
(DBN)

______________

Automatic Stay:

Attorney fees incurred to defend the bankruptcy court's stay violation order are subject to recovery
(DBN)

______________

Plan Confirmation:

Does a Subordinated Debt Holder's Assignment of Its Right to Vote on a Bankruptcy Plan Effectively Sacrifice All of the Subordinated Debt Holder's Rights in a Chapter 11 Case?
(DBN)

______________

Litigation:

NERA Releases Mid-Year 2012 Securities Litigation Report
(DBN)

______________

Municipalities:

Compton not filing for bankruptcy , city manager says --- City Council debates bankruptcy as September payroll default looms
(DBN)

Fresno Might Be Calif.'s Next Bankrupt City
(DBN)

San Bernardino's short-term proposal: suspend debt payments --- May Defer Paying $3.4 Million on Bonds --- Targets bonds, retiree health --- SB bankruptcy both inevitable, impossible
(DBN)

Stockton to spend federal money on blight
(DBN)

Document Details Stockton's 40-Year Bankruptcy Plan --- Cuts Bond Payment: $197.5 Million
(DBN)

Saving California's struggling cities
(DBN)

Cities at Tipping Point Tear Up Contracts to Stay Solvent
(DBN)

Bankruptcies apparently no bother to investors piling into munis
(DBN)

SEC set to bring civil charges against Miami in muni bond probe
(DBN)

Mapping Municipal Bankruptcies
(DBN)

______________

Video Games:

Schilling's firm expected $109M in sales this year
(DBN)

______________

Steel:

Buyers Submit Bids for Ohio Valley RG Steel Plants
(DBN)

______________

Museums:

Fredericksburg opposes latest US Slavery Museum debt plan
(DBN)

______________

Golf:

The cash: One last round for Trinitas
(DBN)

______________

Defense:

Factory Begs, but Army Wants No More Tanks
(DBN)

______________

Distressed Investing:

Distressed Debt Analysis: Deficiency Claims and Hawker Beechcraft
(DBN)

______________

Sovereigns:

Why All Governments are in Debt
(DBN)

The winners and losers of the last three years' "global political obsession with austerity policies"
(DBN)

______________

UK:

Government radically overhauls insolvency practitioners' rota system
(DBN)

UK Economy Shrinks Most in Three Years on Weather, Jubilee
(DBN)

The UK's Recession Is Much Worse Than We Thought
(DBN)

Double Dip Recession Worst in 50 Years
(DBN)

Turner Makes Claim for BOE Job as Bank Culture Reform Sought
(DBN)

Don't look back: Barclays to formally review its "current" culture and practices
(DBN)

43 Signs That The London Olympics Will Be A Complete Disaster
(DBN)

Shoosmiths axes 86 in restructure plans as turnover falls
(DBN)

New high in number of Scottish business collapses
(DBN)

______________

EU:

Germany, Netherlands Rating Outlooks Cut to Negative by Moody's
(DBN)

Euro at Over 2-Yr Low vs Dollar on Euro Zone Data
(DBN)

Moody's Cuts Outlook on EU Bailout Fund to 'Negative'
(DBN)

Eurozone countries hit back at Moody's
(DBN)

Eurozone nations' sovereignty v AAA
(DBN)

`Remarkable' Deprivation in Europe: Geithner
(DBN)

______________

PIIGS:

10 Italian cities face bankruptcy : Report --- Italy's economic crisis risks sparking 'civil war' in Sicily
(DBN)

Greek stocks plunge ahead of austerity inspection --- Ifo Sees Greek Euro Exit Costing Germany $99 Billion, Bild Says --- More Billions for Greece Are Still a Bargain for Europe --- For the Germans, the Grexit "long ago lost its terror"
(DBN)

Spain Edges Toward Rescue as Regions Aided --- Spain's economy keeps shrinking, 10-year bond yields hit new high
(DBN)

ie: Bankruptcy hasn't curbed luxury lifestyle of 'outsider' Sean FitzPatrick
(DBN)

Spain feels debt heat, Greece way off bailout terms
(DBN)

______________

Canada:

Ontario Court Of Appeal Upholds Extraordinary DIP Financing
(DBN)

______________

France:

French Paper Owned by Billionaire's Son Goes Bankrupt
(DBN)

Cash-Strapped French Socialists Face Austerity
(DBN)

______________

Germany:

German Business Confidence Slides for 3rd Month
(DBN)

______________

China:

China Manufacturing Picking Up
(DBN)

The Latest Sign Of Trouble In The Chinese Economy
(DBN)

China's glamour vs service infrastructure problem
(DBN)

______________

Bermuda:

Pension funds fear huge losses from Fletcher investments
(DBN)

______________

Poland:

Polimex CEO says secured debt deal with creditors
(DBN)

______________

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Copyright 2012