July 27, 2012

The Daily Bankruptcy News

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Law:

Facing criticism, Dewey pitches new settlement to ex-partners --- Revised Dewey Partner Contribution Plan Would Take Bigger Bite from Former Firm Leaders --- For Dewey: A $90 Million Bill --- Rule change wouldn't have saved Dewey
(DBN)

Staff Layoff Watch: Are More Cuts Coming to Fulbright? (And could a merger be in the works?)
(DBN)

Dorsey & Whitney Lets Go of 20 Support Staffers
(DBN)

UK firm confirm 86 layoffs
(DBN)

UK top 50 law firms drive profits back towards boom-time high --- Partnership expansion and mergers fuel 6% increase in partner count across top 50
(DBN)

Bold merger moves propel Norton Rose and Ashurst up global rankings
(DBN)

Want Quality? Learn to Operate
(DBN)

Ex-CFO at Major Law Firm Gets 10.5 Years in $2.6M Theft Case
(DBN)

New York Bankruptcy Lawyer Hollander Joins Arnold & Porter
(DBN)

Carter Ledyard & Milburn LLP Names Susan Power Johnston as Counsel
(DBN)

Watchdog Finds Nepotism at Justice Department
(DBN)

Delaware judge seeks details of novel litigation finance deal
(DBN)

Jack Daniel’s Cease-and-Desist Letter Goes Viral for Being Exceedingly Polite
(DBN)

Instead of Applying For A Job, Why Don’t You Act Like You Are Applying For A Job?
(DBN)

If You’re Good at Your Job, Your Hairstyle Shouldn’t Matter
(DBN)

Thoughts On Résumé Strategy
(DBN)

With Tight Job Market, Bar Exam Is a Portal to Uncertain Future
(DBN)

From Biglaw to Boutique: Reflections from Cayman
(DBN)

Facebook = Associates who don't make partner
(DBN)

Recent Law Graduates Skeptical of New Yale Law Ph.D.
(DBN)

Law School Transparency: California court refuses to grant defendants' motions to dismiss in suits against Golden Gate and USF law schools
(DBN)

Law School Transparency: The wisdom of Solomon
(DBN)

Steptoe Associate Takes Star Turn in Adidas's RG3 Ad
(DBN)

Lady Gaga Turns to Proskauer Amid Bad Romance With Bratz Dollmaker MGA
(DBN)

Houston Sketch Artist Holds World’s Record for Crime-Solving Composites
(DBN)

If You’ve Had an E------- for More Than Twelve Hours, Seek Medical Attention (You Can Always Sue Later)
(DBN)

Man Was Paid Three Slices For Serving As Lookout In Robbery Of Domino's Deliveryman
(DBN)

McDonald's continues to sell burgers alongside body of dead customer
(DBN)

$1,000 in unmentionables stolen in Illinois
(DBN)

Say What?!
(DBN)

______________

Judges:

City Council to Get New $600,000 Digs - Paid For By Bankruptcy Court
(DBN)

Judge Suspended for Touching, Flirting With Court Employees
(DBN)

Legal Ethics Trial of Canadian Judge Could Be Doomed By ‘Incontestable’ Bias of Tribunal Counsel
(DBN)

Scalia: Supreme Court disagreements not personal
(DBN)

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Wall Street:

Stocks, euro fall as markets seek ECB detail
(DBN)

Jefferies Vies With Goldman for Highest Wall Street Pay
(DBN)

Bloodied Trader Yearns for Bygone Risks as Wall Street Retreats
(DBN)

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Layoffs:

US jobless claims sink 35,000 to 353,000
(DBN)

Jobless Claims Still Too Cloudy to Draw Conclusions
(DBN)

Small Business Owners Look Far and Wide for Talent
(DBN)

Majority of Job Opening Filled by Workers Switching Industries
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Reform:

The House Is Voting On A Bill To Freeze All Government Regulatory And Enforcement Action Until Unemployment Falls To 6%
(DBN)

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Video Games:

Brookline Bank prepares for $4.2 million loss on loans related to Curt Schilling’s 38 Studios
(DBN)

To stretch cash, 38 Studios took loan for insurance policy
(DBN)

EDC formally asks Delaware judge for 38 Studios' assets
(DBN)

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Brokers:

Disgraced Peregrine CEO cancels detention hearing
(DBN)

Peregrine Has US Futures Regulators on Defense in Congress --- Lawmaker rails at futures leaders
(DBN)

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Municipalities:

Section 109(c)– Filing for Chapter 9
(DBN)

San Bernardino must cut spending by a third --- San Bernardino employees meet with interim city manager for answers --- San Bernardino must go with Plan B --- Community groups see San Bernardino bankruptcy as wake-up call --- San Bernardino bankruptcy at a bargain price?
(DBN)

Mediation for what?
(DBN)

Saving California's struggling cities
(DBN)

A tale of three cities
(DBN)

California city could face SEC lawsuit
(DBN)

Rash of bankruptcies leads to speculation about Fresno
(DBN)

Pittsburgh among 21 Pennsylvania cities jockeying to avoid bankruptcy
(DBN)

Moody's eyes ratings cut on bankrupt Alabama county
(DBN)

Latest lawsuit against Detroit fiscal pact dismissed
(DBN)

Bankruptcy offers cities a fresh start
(DBN)

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Publishing:

Merrill Corp. Gets 2nd Loan Extension; Payback Deadlines Loom, Bankruptcy Possible
(DBN)

______________

Pensions:

Judge orders Fund to pay lawyers
(DBN)

The impact of bankruptcy
(DBN)

______________

Economy:

Jobless Claims in US Decrease, Extending July Volatility
(DBN)

Goods Orders Signal Slowdown in US Business Spending
(DBN)

U.S. Probably Won’t Have to Raise Debt Ceiling This Year
(DBN)

Geithner doesn't think Libor manipulation hurt taxpayers in bailouts
(DBN)

TARP Watchdog: DC Favored Wall Street Over People
(DBN)

Neil Barofsky vs Tim Geithner: Who's right on the bailouts?
(DBN)

Why Romney Is Wrong on Defense Cuts
(DBN)

What Eating At The Poverty Line Is Like Around The World
(DBN)

Swaps Outlook Bleakest Since ’09 as Growth Slows
(DBN)

US Debt Clock
(DBN)

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Real Estate:

US Mortgage Rates Fall With 30-Year at a Record-Low 3.49%
(DBN)

Bank of America sues Nashville bankruptcy trustee
(DBN)

Is This What a Housing Bottom Looks Like?
(DBN)

Moore Sorrento gets $39M offer for shopping center
(DBN)

Morgan Stanley: Shadow inventory sheared 35% from peak
(DBN)

Geithner to work with Sen. Merkley on latest mortgage refi plan
(DBN)

Is JPMorgan going to push the WaMu MBS class action to trial?
(DBN)

Intrepid homeowners weary of lawns browned by drought break out turf paint
(DBN)

____________

Consultants:

Lazard’s Profit Drops 50%, Restructuring Revenue Down
(DBN)

______________

Fraud:

Billions of dollars slated for Madoff victims
(DBN)

A Hot Shot Banker Jailed For Stealing $43 Million From Merrill Lynch Is Now Accused Of Lying In Bankruptcy Court
(DBN)

Initially Defiant re ‘Fresh-Faced Eager Beavers’ from FBI, Kinnucan Takes Plea
(DBN)

______________

Banking:

Nation’s Banks Closed 767 Branches in Past Year
(DBN)

A Financial Law Professor Explains How Wall Street Banks Could Be Broken Up Without Government Intervention
(DBN)

Bank of America Sketches Out Fed ‘Nuclear Options’
(DBN)

Weill, father of too-big-to-fail, disowns it --- Banks bristle at breakup call from Sandy Weill --- Breaking Up Banks Won't Make Them Safer, Ex-Senator Says --- Sir Win Signs Onto Weill Brigade For Bank Breakups --- Banking Lawyer Cohen: Big Bank Deals Can Work
(DBN)

New York Fed did not condone misreporting of Libor-Geithner --- Geithner says did all he could to address Libor problem --- New Geithner disclosures further cloud his record --- BBA 'warned weekly' in 2008 that banks manipulating Libor
(DBN)

Libor Crime Probe in U.K. Starts as U.S. Readies Indictments --- Libor-Rigging Charges in U.S. Said to Target More Than Barclays’s Traders
(DBN)

Barclays reveals new probe, more US Libor lawsuits --- Barclays Sorry for Libor-Rigging as Profit Beats Estimates
(DBN)

Citigroup exec: Taxpayers not exposed to big banks
(DBN)

______________

Politics:

Stephen Colbert's Hilarious One-Man Show About Obama's 'You Didn't Build That' Gaffe
(DBN)

______________

Tech:

Bankruptcy judge orders liquidation for Savtira --- Bankruptcy judge to Tim Roberts: "You’ve run out of time"
(DBN)

Someone Is Getting Really Nervous About HP's Debt
(DBN)

______________

IP:

Apple Seeks to Move Kodak Patent Case Out of Bankruptcy Court
(DBN)

Kodak, Apple patent fight to remain in bankruptcy court
(DBN)

______________

Lehman:

Lehman Brothers Boosts Its Cash Estimate to $40.5 Billion
(DBN)

Lehman Watchdog Disputes Wall Street's Bill for Fees
(DBN)

______________

Retailing:

Vann's loses credit line; bankruptcy filing possible
(DBN)

______________

Personal Finance:

Are You Too Broke to Go Bankrupt?
(DBN)

______________

Health Care:

Bankruptcy filing keeps doors to marijuana dispensary open
(DBN)

______________

Oil/Gas:

California bank failure sends Tulsa energy company into bankruptcy
(DBN)

______________

Auto Racing:

Report: F1 in talks to buy Nuerburgring course
(DBN)

______________

Agriculture:

Worsening Illinois drought points to increasingly ominous signs for crops
(DBN)

______________

Photography:

Kodak Retirees Reach Out to Bankruptcy Judge
(DBN)

______________

Non-Profits:

Raleigh YWCA files for bankruptcy
(DBN)

______________

Steel:

RG Steel reportedly has bidders for Sparrows Point
(DBN)

______________

Debt Collection:

Two Shades of Debt Collection
(DBN)

Illinois “Debtors Prison” Bill Signed into Law
(DBN)

______________

Politics:

Mayor Bloomberg endorses Scott Brown over Elizabeth Warren --- To host Brown fundraisesr --- Michael Bloomberg's true colors
(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 (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (70 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:

Sacramento bankruptcy filings decline dramatically
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Reform:

Sen. Al Franken Talks Bankruptcy
(DBN)

CFPB Pushes Bankruptcy Protection for Student Loans
(DBN)

______________

Avoidance Actions:

Addressing the unexpected preference risk for creditors paid pre-petition claims pursuant to court order
(DBN)

______________

Bankruptcy Compensation:

Retirees balking at bigwig bonuses
(DBN)

______________

Litigation:

Samsung Sanctioned in Big-Bucks Patent Case for Not Turning Off Company Email Auto-Delete System
(DBN)

What's Hot in E-Discovery for Small Cases?
(DBN)

NY Fed urges end to Greenberg's AIG bailout lawsuit
(DBN)

______________

Student Debt:

Bankruptcy Shift Wouldn't Ease Much Student Debt --- Congressman: Fix The Student Debt Crisis With Bankruptcy Reform
(DBN)

11 Shocking Truths About Student Loans In America
(DBN)

______________

Consumer Finance:

Online Payday Lenders Seek More Respect and Less Oversight: Call Them What You Like, They are Still 1,000% Long-term Loans
(DBN)

______________

Golf:

Cordillera Golf Club bankruptcy case includes litigation with members
(DBN)

______________

Aviation:

Ruling lets AMR extend leases of facilities in five cities
(DBN)

AMR Bond Ascension Points to Eventual US Airways Merger --- US Airways CEO: hopeful that AMR will fairly evaluate its merger --- Skeptical of AMR's Deal Review --- Everyone wants credit for American Airlines merger idea
(DBN)

Bankruptcy judge delays decision on $5.3M bonuses for top executives at Hawker Beechcraft
(DBN)

One Gate Agent Shows How Good, And Bad, Airline Customer Service Can Be --- Amid the Kiosks, Elite Treatment From a Gate Agent
(DBN)

______________

Credit/Debit Cards:

Consumer Financial Protection Bureau finds marketing of credit card add-on products to be deceptive
(DBN)

______________

Credit Reporting:

CFPB Finalizes Rule On Defining "Larger Participants" For Consumer Reporting Market
(DBN)

______________

UK:

David Cameron's Hysterical Response To Romney's London Olympics Criticisms
(DBN)

Rooms of Non-British Athletes In The Olympic Village Have No Air Conditioning
(DBN)

Honister administrators confirm insolvency and warn of FSCS hit
(DBN)

______________

EU:

ECB Finds a Way to Buy Sovereign Debt
(DBN)

Will Draghi Put His Money Where His Mouth Is? --- ECB 'ready to do whatever it takes' --- ‘Whatever It Takes’ Is Familiar Refrain From Europe
(DBN)

Romney Jets Around Europe But Won't Set Foot Inside The Eurozone
(DBN)

Europe's Crisis Hits Profits
(DBN)

______________

PIIGS:

Bill Gross rains on Spain's parade --- Spanish Debt Risk Jumps to Record, Credit-Default Swaps Show --- Spain's Death Spiral --- Spain jobless rate nears 25% in second quarter
(DBN)

Troika Inspectors in Greece for Make-or-Break Visit --- EU's Barroso tells Greece to “deliver, deliver, deliver” on promised cost cutting --- Greece yet to win political approval for austerity cuts --- Keeping up with the Greeks
(DBN)

Irish Minister: Confident of Euro-Zone Bank Debt Deal --- ie: High Court judge says professionals "feasting on carcasses" of insolvent companies
(DBN)

Sicily's Fiscal Problems Threaten to Swamp Italy --- Italy minister says no risk of Sicily default
(DBN)

______________

Germany:

Germans Should Fear Economic Collapse
(DBN)

______________

Japan:

Nagai at Helm Signals Nomura's Global Retreat Amid Insider Leaks
(DBN)

The Weird World of Japanese Debt
(DBN)

______________

China:

Beijing's Olympic Stadiums Are Wasting Away
(DBN)

China Shipyards Falter as Vessel Glut Triggers 49% Order Slump
(DBN)

______________

Israel:

Bankruptcies soared 600% in 10 years
(DBN)

______________

Ukraine:

The amended Ukrainian insolvency law: key issues
(DBN)

______________

Poland:

Blue Rays files for bankruptcy , leaving 400 client stranded in Egypt
(DBN)

______________

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Copyright 2012