July 26, 2012

The Daily Bankruptcy News

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Law:

Dewey Docket Dump: Fees, 'Incentive' Pay and a Looming Deadline --- Judge seeks more detail on Dewey bonus plan --- Proposed Bonus Plan for Dewey's Remaining Employees Scrutinized
(DBN)

Best Legal Departments 2012: Best of the Rest
(DBN)

Baker & McKenzie, SNR Denton, Jones Day: Business of Law
(DBN)

Bad Times for Big Banks Mean Good Ones for Their Outside Counsel
(DBN)

Can You Have It All?
(DBN)

Too Old for That Joni Mitchell Look?
(DBN)

Let the Competitive Bidding for Outside Counsel Begin
(DBN)

Latest TARP Report Claims Simpson Overbilled Program
(DBN)

9th Circuit to McKool: Speak Up or Forgo Your Settlement
(DBN)

3M sues Covington over role in Minn. AG's lawsuit against company --- Did Covington Play 'Hot Potato'
(DBN)

LegalZoom Valued at 40 Times Last Year’s Earnings for IPO
(DBN)

Dear Summer Associates: Read The Fine Print Before Signing Up For the Mountain Hiking, So The Firm Doesn’t Have To Send A Helicopter For You
(DBN)

Suit Claims Baylor Law School Discriminates Against Applicants Whose GPAs Predated Grade Inflation --- Accidental doc dump provides grist for suit
(DBN)

Reports Of Penn State’s (Law School)Demise Have Been Greatly Exaggerated
(DBN)

Law School Transparency: Most top law schools still accepting applications for fall class
(DBN)

Baker & McKenzie Set to Launch in Casablanca
(DBN)

ABA Tech Survey: A Third of Lawyers Use Tablets, a Few Still on Dial-Up
(DBN)

Proz Calls Colorado Shooting Suspect 'Really Nice'; He Felt Bad Her Business Was Slow --- From Shy Nerd To Accused Cold-Blooded Killer --- Sent chilling notebook to psychiatrist before attack --- Forced to wear a face guard in prison --- Wants to know how the movie ended
(DBN)

Not an Ideal Legal Experience
(DBN)

Ex-Prosecutor Faces Proz-Attempt Charge After Cellphone Search in Domestic Violence Probe
(DBN)

Bicyclists Wearing Helmet Cameras Provide Valuable Evidence to Police
(DBN)

Workaholic of Seven Years Wants to Start Dating Again
(DBN)

Sheriff Arpaio Confronted With His Own Words on the Stand
(DBN)

Florida Puppeteer Accused of Planning to Eat Children
(DBN)

Goat Man Mystery Solved!
(DBN)

'Teenager Passes Out While Marrying Cow
(DBN)

Man r---- to death
(DBN)

Think This Was Their First Armed Robbery Attempt?
(DBN)

Say What?!
(DBN)

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Judges:

Facing Ethics Case, Judge Says Sorry for Jailing Young Attorney Who Blocked Efforts to Query Client
(DBN)

What Was He Thinking? Justice Lori Douglas’s Husband Takes the Stand
(DBN)

Justice Scalia Disputes Accuracy Of 'Leak'
(DBN)

O'Connor says criticism of Roberts 'unfortunate'
(DBN)

Judicial Googling
(DBN)

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Wall Street:

U.S. Stock Futures Drop; S&P 500 May Fall for Fifth Day
(DBN)

Stocks Close Mixed Amid Slew Of Earnings News
(DBN)

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

______________

Layoffs:

The 16 Biggest Mass Layoffs Of The Year
(DBN)

America's Big Jobs Myth
(DBN)

It's Not the Lack of Jobs, It's the Horrible Pay
(DBN)

US Raises the Bar for Foreign Job-Seekers
(DBN)

Tons of trucking jobs ... that nobody wants
(DBN)

The Big Cities Where Self-Employment Is Growing The Fastest
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

RadioShack's iPhone Strategy Is Working Well: What A Disaster
(DBN)

RadioShack bonds tumble, stock dividends suspended, as 2Q results miss expectations --- RadioShack Credit Swaps Surge to Record
(DBN)

JC Penney CEO: It may get worse before it gets better
(DBN)

______________

Mass Torts:

W.R. Grace to seek to exit bankruptcy
(DBN)

______________

Tax:

Taxpayers who did not establish insolvency must recognize COD income
(DBN)

______________

Student Debt:

This Woman's On The Hook For A $25,000 Private Student Loan She Never Knew Existed
(DBN)

Student Debt Has Impacts Before Graduation
(DBN)

Banks' Lending Frenzy Left Borrowers Buried in Student Debt
(DBN)

______________

Brokers:

Peregrine's regulator: Wasendorf's forgeries fooled us
(DBN)

Peregrine clients lose patience as trustee seeks money
(DBN)

Peregrine trustee hires PricewaterhouseCoopers forensic accountants --- Pricewaterhouse had brief window into Peregrine's books
(DBN)

Regulators Seek Outside Audit Advice After Peregrine Collapse
(DBN)

______________

Media:

Judge sets hearing on Tribune bankruptcy appeals
(DBN)

______________

Politics:

Mass. Senate race a dead heat --- Senate race featuring Scott Brown, Elizabeth Warren costliest in Mass. history
(DBN)

Warren Stands by 'Nobody in This Country...Got Rich on Their Own'
(DBN)

Elizabeth Warren Says Capital One Case a Warning to Card Issuers
(DBN)

Fact Check: Romney met Bain partners after exit
(DBN)

Romney Backs Away from Anglo-Saxon Remark
(DBN)

Most Voters Say They Know Enough About Candidates
(DBN)

Democratic Voting Enthusiasm Down Sharply From 2004, 2008
(DBN)

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Fraud:

Outspoken analyst Kinnucan admits to insider trading
(DBN)

Government Praises Cooperator For Help In Uncovering Insider Networks
(DBN)

Feds win indictment in massive baseball card fraud
(DBN)

11 Signs That A Company Is Lying In Its Earnings Announcement
(DBN)

______________

Directories:

Yellow Media debt plan sparks protest
(DBN)

______________

Credit/Debit Cards:

New brief heats up fight over $7 billion credit card settlement
(DBN)

______________

Economy:

Sales of New US Homes Decrease From Two-Year High
(DBN)

Fed Stimulus Looking Increasingly Likely --- 'Nasty Surprise' in Jobless Claims May Force Fed's Hand --- The Risks of More Fed Action
(DBN)

Fed has few options as global growth slows
(DBN)

Student Loans Are Holding Back Economic Recovery, CFPB Says
(DBN)

Why Kids Today Have It Worse Than Their Parents
(DBN)

Geithner on Financial Crimes: The Dog Ate My Homework
(DBN)

Geithner says did all he could to address Libor problem
(DBN)

Lawmakers press Geithner to release AIG escape plan --- SIGTARP: Taxpayers still exposed as AIG shrinks CDS portfolio
(DBN)

TARP banks use fed loans to repay government
(DBN)

Americans Save for Vacation, But Not Kids' College
(DBN)

Rival Bush tax cut plans: What you'd pay
(DBN)

Senate Passes Middle Class Tax Relief Bill --- Doesn’t Resolve Fiscal Stalemate
(DBN)

By Two-to-One, U.S. Public Supports Raising Taxes on Rich; Says More Fair
(DBN)

Mid-Sized Companies Holding Back Investment
(DBN)

House Approves Ron Paul's Bill to Audit the Fed --- Seen dying in Senate
(DBN)

Obama Tells Teens To Get Off The Couch
(DBN)

Truck Freight Index Stuck --- American Trucking Association: The Economy Has Slowed
(DBN)

The US Garbage Indicator Is Sending An Ominous Sign For The Economy
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Seizing Mortgages Could Yield Big Returns
(DBN)

US new home sales post biggest drop in over one year
(DBN)

Q&A: Reasons to Avoid the ‘Bull Story’ on Housing
(DBN)

ResCap reports $109 million in losses since bankruptcy
(DBN)

TARP Funds For Housing Relief 90 Percent Unspent, Auditor Says
(DBN)

Senator unveils plan to refi 8 million underwater borrowers
(DBN)

San Fernando Valley Foreclosures Fall 55% in June --- California Still Leads US in Foreclosures
(DBN)

More than half of U.S. metros post higher foreclosure activity --- New Crop of Foreclosures Coming as Activity Rises --- Foreclosure rates increased across the Gulf Coast in May --- Memphis-area foreclosures increased again --- Jacksonville foreclosures increase --- Austin foreclosures up --- Dallas area foreclosure rate ticks up
(DBN)

The 10 Hottest Cities For Investing In Foreclosed Homes
(DBN)

How a $140 bill snowballed into foreclosure
(DBN)

Mass. House OKs foreclosure bill
(DBN)

Home Builders Held Back by Lack of Profitable Land
(DBN)

Sen. Merkley: Time for a ‘Bolder Strategy’ on Housing
(DBN)

Refinance activity hits 3-year high, mortgage applications edge up
(DBN)

Prepping for the summer wave of short sales
(DBN)

Commercial Real Estate Forecast: 2012-2013
(DBN)

Caution Returns in Commercial Real Estate, Survey Finds
(DBN)

____________

Autos:

Ford profit falls as European losses offset strong US results
(DBN)

Ford is Worried, as It Should Be
(DBN)

Europe's Auto Industry Has Reached Day of Reckoning
(DBN)

General Motors Donates To Politicians Who Voted Against Auto Industry Bailout
(DBN)

______________

Banking:

Weill, ex-Citigroup CEO, says big banks need to be broken up --- Rethinking Capitalism: Says Bring Back Glass-Steagall --- Weill Joins Rush of Former Titans Pushing for Bank Breakups --- Weill Can't Kill Banking Monster, but Shareholders Can --- Sandy Weill's Greatest Hits—And Shocking Turnaround --- The Reinvention of Sandy Weill: 'Simpler Is Better' --- Wake up, sandy!
(DBN)
(DBN)

All Of The Sudden, Congressmen Were Talking About Reinstating Glass-Steagall
(DBN)

Meredith Whitney: The Banks Are Breaking Up Now Whether They Like It Or Not
(DBN)

Geithner on defense in Libor scandal questioning --- Going After LIBOR Manipulators In Early 2008 Would Have Been Disastrous--- Libor Scandal Timeline: What Did the Fed Know and When Did it Know It?
(DBN)

Tim Geithner Dealt With Libor Manipulation By Writing Strongly Worded Letters And Then Lending Billions Of Dollars At Libor-Based Rates
(DBN)

Dick Bove: Customer Service Is Simply A Big Waste Of Time
(DBN)

______________

Aviation:

Horton tells AP that he suggested US Airways merger first prior to bankruptcy --- American CEO bashes US Airways; calls it desperate --- US Airways second-quarter profit triples to $306M on higher fares, lower fuel costs --- Parker talks about AMR merger
(DBN)

Readying for merger outreach, US Airways boosts lobbying in Washington
(DBN)

US Airways’ stand-alone plan is working great
(DBN)

APFA: We're confident the judge will give us more time --- Expect that ruling on Sec. 1113 will be delayed until after union’s vote
(DBN)

Ruling lets AMR extend Tulsa lease
(DBN)

Judge approves Northstar Aerospace sale
(DBN)

What will airlines charge fees for next?
(DBN)

Union fights Hawker Beechcraft executive bonuses
(DBN)

Home Gone Alone
(DBN)

______________

Weather:

Colbert On The Drought Crisis
(DBN)

______________

Health Care:

Crushed by medical bills, many reach out for help via the Internet
(DBN)

Moody's: Nonprofit hospital downgrades will prevail
(DBN)

______________

Coal:

Patriot Coal seeks bankruptcy court OK to continue litigation
(DBN)

______________

Video Games:

Chafee: 38 Studios 'living high' on RI dollars
(DBN)

______________

Consultants:

PJSC Adds Bijoor to Restructuring & Recapitalization Group
(DBN)

______________

Shipping:

Vanguard Shipping sells assets to DIP lender
(DBN)

______________

Debt Collection:

4 Controversial New Tactics to Get Your Money
(DBN)

“Judge, It Happens All the Time…”
(DBN)

______________

Celebs:

Jimbo Throws A Bomb
(DBN)

______________

Chemicals:

Dow Chemical Profit Drops 34 Percent
(DBN)

______________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (32 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (29 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:

AMR Group, LSP Energy, Patriot Coal
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Avoidance Actions:

A Preference Ordinary Course of Business Defense Trifecta
(DBN)

______________

Claim Trading:

Second Circuit upholds the designation of claim purchaser’s vote on DBSD plan
(DBN)

One Exchange Street Appoints Ken Freda Chief Operating Officer
(DBN)

Ninth Circuit decision restricts claim purchasers' ability to block reorganization plan
(DBN)

______________

Bankruptcy Compensation:

Ex-Kodak Employees Blast Bonus Plan
(DBN)

The KERP Is Back!
(DBN)

______________

Litigation:

Number of Lawsuit Settlements Go Down
(DBN)

Judge Scheindlin Issues Marching Orders for Electronic Records Search
(DBN)

Jury to Hear Samsung Destroyed Evidence in Showdown with Apple --- Judge Sanctions Samsung
(DBN)

Sustaining progress in legal project management
(DBN)

Cornerstone Research Releases Mid-Year 2012 Securities Litigation Report
(DBN)

Plaintiff Zubulake Publishes Book on Eponymous Litigation
(DBN)

______________

Insurance:

MBIA wants seal lifted on BofA depositions, expert reports
(DBN)

______________

Municipalities:

The Summer California Went Bankrupt
(DBN)

For Cities, Default May Not Be Last Resort
(DBN)

5 Reasons Not to Panic Over California Bankruptcies
(DBN)

State Steps In to Take Over Birmingham Schools
(DBN)

Distressed Pa. cities lurch toward fiscal cliff
(DBN)

Municipal Bankruptcy Comes In Two Flavors
(DBN)

12 Municipalities With Money Trouble
(DBN)

European slowdown hitting some states hard
(DBN)

Muni Blues Worry Investors
(DBN)

Michigan Supreme Court hears emergency manager law appeal
(DBN)

Terrifying Creature Found Under The Brooklyn Bridge
(DBN)

______________

Distressed Investing:

Vulture in distress
(DBN)

______________

Student Debt:

Better Disclosure for Private Student Loans
(DBN)

CFPB Launches Student Loan Debt Collection Assistant Online Tool
(DBN)

______________

Food/Beverage:

Hostess May be at the End of Its Line
(DBN)

' Lucky Larry'
(DBN)

______________

Academia:

Can Bankruptcy Codes Create Value? Evidence from Creditors’ Recoveries In France, Germany, and the UK
(DBN)

______________

UK:

Britain's economy slumps for 3rd straight quarter
(DBN)

U.S. Olympic Athletes Hilariously Fail At Doing British Accents
(DBN)

Treasury opens the Pandora’s Box of tax avoidance
(DBN)

Portsmouth administrators warn club could shut in two weeks
(DBN)

Female insolvencies catch-up/overtake male insolvencies for first time
(DBN)

Grandmother foils bailiffs after sit-in at son's £3m stately home
(DBN)

______________

EU:

Draghi's Pledge to Save Euro Sends Markets, Euro Higher
(DBN)

European shares fall for fourth day on US gloom
(DBN)

Morgan Stanley: Europe Will Get Worse
(DBN)

Signs of Deepening Downturn Multiply in Europe
(DBN)

A Euro-Zone Firefighter Downgraded (and other Woes)
(DBN)

It's a Depression Coming to Europe
(DBN)

______________

PIIGS:

Egan-Jones Cuts Italy Further into Junk Territory
(DBN)

Spain Ratings Cut Could Prompt $80 Billion Bond Selloff
(DBN)

US Greek support is conditional --- Small firms under acute threat of closing --- Euro’s Medicine May Be Making Greece Worse Off --- Roumeliotis: IMF Knew that this Program Was Impossible --- Worldwide, Greeks Most Pessimistic About Their Lives --- Greek bank deposits plunge --- Greece to run out of money by August 20 --- September Crunch Time for Greece With Troika’s Return --- Citigroup sees 90 pct chance that Greece leaves the euro
(DBN)

______________

Germany:

Bavaria Among Six German States With Outlook Lowered by Moody's
(DBN)

Germany Is No Longer a Safe Haven
(DBN)

Why Germany deserves to be knocked off its perch
(DBN)

______________

France:

Peugeot presses job cuts as government weighs in
(DBN)

______________

Austria:

Schlecker´s Financial Situation Becomes Critical
(DBN)

______________

China:

IMF: China will avoid hard landing
(DBN)

______________

Brazil:

Brazil's Infinity Gets $75 Million, to Exit Bankruptcy Help
(DBN)

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Copyright 2012