July 3, 2012

The Daily Bankruptcy News

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Due to the Independence Day holiday, The Daily Bankruptcy News will not publish on July 4, 2012

Law:

Dewey Docket Roundup: It Takes a Village, Part II --- A Closer Look Inside Dewey's House of Cards
(DBN)

Is there an Enron in Legal's Future?
(DBN)

Law Firm Hiring:Who’s Up and Who’s Down?
(DBN)

Cravath, Weil, Kirkland, Skadden, Sullivan: Business of Law
(DBN)

Clifford Chance sees headline financials rise 7% as revenues reach £1.3bn --- Strong Asia-Pacific growth
(DBN)

A&O unveils 6% revenue growth as investment sees PEP hold steady
(DBN)

Herbert Smith sets September date for US launch as firm finalizes new hires
(DBN)

Federal Judge Hits Lawyer for Playing ‘Race Card,’ Orders Written Apology
(DBN)

Make New Friends by Keeping the Old: New Normal Rules for Business Development
(DBN)

Do Americans Define Success Too Narrowly?
(DBN)

BigLaw: Know prospect's business and show you know it
(DBN)

Survey: Firms Need to Work Harder Online to Get GCs' Attention
(DBN)

BigLaw, LittleLaw: Public relations is as strategic as litigation
(DBN)

Arbitrator Backs Stroock in Retirement Pay Fight, Orders Ex-Partner to Pay Firm's $163,000 Legal Tab
(DBN)

"Near-shoring" Not Likely to Impact BigLaw in Metro Areas
(DBN)

Can Computers Predict Trial Outcomes From Big Data?
(DBN)

TranscriptPad: Of Bricks and Hammers
(DBN)

Three Tips for Creating a Killer Attorney Web Bio
(DBN)

Bernstein Law Firm now Bernstein-Burkley
(DBN)

Landing An In-House Job
(DBN)

Attorney's advice is 'property' in extortion case: appeals court
(DBN)

Partner Compensation models drive law firm culture
(DBN)

Law School Transparency: Puppet show and Rutgers Camden
(DBN)

University of Miami 2Ls Will Get ‘Waiver’ To Offset Tuition Hikes
(DBN)

Yale Law Grad Vanessa Selbst Plays Her Cards Right, Scores Second World Series of Poker Bracelet
(DBN)

Will Rutgers-Camden Fill Only 100 of 269 1L Seats This Fall? --- Admits Students Who Haven't Even Applied?
(DBN)

Ryan's Rules for Projects
(DBN)

Lawyer Accused Of Beating His Executive Girlfriend To Death --- Icy Details Emerge
(DBN)

Arrested for DUI Like Yeah. Ruining My Career Like Yeah.
(DBN)

New York Lawyer Slaps Paul Hastings Partner During Deposition And Then Files Defamation Action
(DBN)

NFL Tight End Fred Davis Flashes Courtroom Skills in 'Drink Poured on Head' Dispute
(DBN)

Lawyer Charged with Calling In ‘Bizarre’ Bomb Threats to Elementary Schools
(DBN)

Say What?!
(DBN)

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Judges:

9th Circuit Fares Better Before Supreme Court; Kozinski Says En Banc Process Is Succeeding
(DBN)

Supreme Court Stats Show ‘Surprising Alliances,’ Roberts’ Efforts to Unite the Court --- To Your Health --- The high court's most political ruling --- John Roberts, a Conservative Liberals Can Love --- Did the umpire change his call because of the crowd? --- Roberts’ health care switch: Gasoline on the fire --- Who’s The Supreme Court Leaker? --- A Supreme Court mystery worthy of Grisham --- After Ruling, Roberts Makes a Getaway From the Scorn --- Now it’s conservatives who suspect a ‘political’ Supreme Court --- Was John Roberts Being Political? --- Division, Uncertainty over Court’s Health Care Ruling --- John Roberts: Chief Joker of the Supreme Court? --- In defense of John Roberts
(DBN)

What Did the Court “Hold” About the Commerce Clause and Medicaid?
(DBN)

Why are Republicans so awful at picking Supreme Court justices?
(DBN)

Feds Say DA Got $80K, Judge Got $10K As They Conspired to Obtain Part of Murderer’s $500K Bail Bond
(DBN)

Judge of the Day: Shut Up When I’m Talking to You!
(DBN)

Court Hearing Video of Angry Jurist Shouting ‘Shut Up’ Gains YouTube Traction
(DBN)

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Wall Street:

Stock futures flat ahead of factory data
(DBN)

Stocks Close Mixed Following Choppy Trading Day
(DBN)

Mid-level Wall Street jobs increasingly not on Wall Street
(DBN - NY Times - Paywall Limit Possible)

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Layoffs:

Think 8.2% unemployment is bad? It's a record 11.1% in Europe
(DBN)

These 10 Cities Have The Fastest-Growing Wages In America
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Mammoth Lakes files for bankruptcy
(DBN)

PA lawmakers again deny bankruptcy option for state's capital
(DBN)

Stockton to Begin Bondholder Battle at July 6 Hearing --- Is Stockton the Start of a Rash of Municipal Bankruptcies ? --- Can Stockton impose losses on bondholders? --- Absent meaningful reform, Stockton bankruptcy a precursor of things to come --- Miller's videos draw viewers, sharp criticism --- Bond Insurer May Contest Stockton Bankruptcy --- First bankruptcy hearing on Friday --- Why Stockton's Bankruptcy Should Alarm Us All
(DBN)

A tale of two cities—in debt
(DBN)

Pa. Extends Harrisburg Bankruptcy Ban
(DBN)

There Once Was a Bondholder From Woonsocket
(DBN)

Ratings service to review Central Falls' bond rating
(DBN)

Chapter 9 - California and federal bankruptcy law/relative bargaining positions
(DBN)

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Vending Machines:

There Has Been A Stunning Collapse In Vending Machine Revenue
(DBN)

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Economy:

Manufacturing in US Unexpectedly Contracted in June --- Contracts for First Time Since July 2009
(DBN)

Manufacturing activity shrinks in June, ISM says
(DBN)

Berkshire's Pederson Says U.S. Businesses Scaling Back Projects
(DBN)

The Last Time New Orders Collapsed Like This, It Was Right After 9-11
(DBN)

Oil retreats on more signs of slowing economy
(DBN)

How Much Is The Obamacare Penalty Tax? --- Chart --- Here's Who Doesn't Have To Pay The Obamacare Penalty Tax --- First Years of Obamacare Could be Messy
(DBN)

Here Are The New Obamacare Taxes
(DBN)

Actually, Obamacare Is Nowhere Close To America's Largest Ever Tax Increase
(DBN)

The One Thing Keeping Some US Troops From Financial Ruin
(DBN)

Record Numbers Of Americans On Disability
(DBN)

The second-largest natural gas producer in the U.S. has paid almost no income taxes on its profits in 2 decades
(DBN)

US Debt Clock
(DBN)

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Real Estate:

US construction spending rose 0.9 percent in May
(DBN)

Fewer Owners Behind on Mortgages, Agency Says
(DBN)

Texas Homeowner Wins $300,000 In 5-Year Court Battle Against Bank Of America
(DBN)

Hamptons Couple Forced To Tear Down Mansion Over Construction Mistake
(DBN)

California lawmakers pass historic foreclosure protections --- Key provisions in California foreclosure bill
(DBN)

25 States Propose New Bank Foreclosure Regulation
(DBN)

The Prime Minister Of Qatar Buys NYC's Most Expensive Home For $100 Million
(DBN)

CMBS delinquencies up for fourth-straight month
(DBN)

Carter's Grove Judge to Tour Mansion
(DBN)

Wells Fargo unit in $25 million settlement
(DBN)

Hot new filing claims internal docs show rating agencies lied on MBS
(DBN)

____________

Photography:

Kodak allowed to auction patents, despite Apple claims
(DBN)

______________

Autos:

Peugeot May Lift Job Cuts Target to 10,000 Posts
(DBN)

Big automakers face deepening European sales slump
(DBN)

______________

Aviation:

Workers' union back at talks with American
(DBN)

Goldman Sachs's Hawker Files Reorganization Plan
(DBN)

Pinnacle hires consultant, officer for restructuring
(DBN)

______________

Retailing:

Syms Adds Rights Offering to Exit Plan, Wins Support
(DBN)

______________

Pensions:

Creditors committee lawyer demands $65,124
(DBN)

______________

Corporate Reform:

CFPB final rules issued for privileged bank info protection
(DBN)

Following Senate Field Hearing, Sen. Franken Introduces Legislation to Stop Abusive Debt Collection Practices, Protect Patient Privacy
(DBN)

______________

Defaults:

Global corporate defaults nearly double
(DBN)

______________

IP:

Kodak can sell its digital patents: bankruptcy judge
(DBN)

______________

Shipping:

Sanko Files For Bankruptcy And More Shipper Insolvencies May Be Approaching --- Debts sink Sanko Steamship again
(DBN)

______________

Energy:

Dynegy case moves forward
(DBN)

______________

Environmental:

HRK bankruptcy heads to court
(DBN)

______________

Alternative Energy:

Abound Solar files to liquidate in bankruptcy
(DBN)

______________

Corporate Governance:

Corporate Directors on the Firing Line
(DBN)

Delaware Does Not Impose Fiduciary Duty, Per Se, to Minimize Corporate Taxes
(DBN)

______________

Student Debt:

LA Teacher Has Wages Seized 30 Years Later
(DBN)

______________

Finance:

Distressed firms get long rope with debt
(DBN)

______________

Fraud:

The Madoff saga is far from over
(DBN)

Attorney reviews assets in alleged $90M Ponzi case
(DBN)

______________

Politics:

Elizabeth Warrens second bite at the apple
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (42 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (24 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:

Sanko Steamship, Elpida Memory, PGB, China Medical
(DBN)

Kodak, Solar Millennium, Xanadoo, St. Vincent
(DBN)

______________

Bankruptcy Statistics:

Bankruptcy Ch. 11 filings could rise again, Texas attorneys say
(DBN)

South Florida bankruptcy filings fall again
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Automatic Stay:

Supremes won't hear Nortel UK's automatic stay challenge
(DBN)

______________

Avoidance Actions:

Equitable Tolling and Fraudulent Transfers - The Clock Stops at Two Years
(DBN)

______________

Mass Torts:

Pfizer's Quigley Files Sixth Reorganization Plan
(DBN)

______________

Banking:

JPMorgan's $10 Billion Subsidy
(DBN)

Bank filing: Silly plaintiffs, we didn't conspire to manipulate Libor
(DBN)

Regulators Worldwide Grappling With Libor Probe Said to Ask for More Time
(DBN)

How I manipulated LIBOR
(DBN)

There’s Something Rotten in Banking
(DBN)

Americans' Confidence in Banks Falls to Record Low
(DBN)

______________

Textbooks:

Nebraska Book Emerges From Chapter 11
(DBN)

______________

Education:

Lon Morris College files for bankruptcy
(DBN)

Federal judge strikes loan repayment standards for for-profit schools
(DBN)

______________

MF Global:

Elliott Management sells MF Global stake
(DBN)

MF Global UK special administrators publish range of estimated outcomes for clients and creditors
(DBN)

______________

Lehman:

Alvarez & Marsal Bills for $91 Million in Lehman Fees
(DBN)

______________

Pensions:

Fund's bankruptcy expenses one-fourth of Central Falls'
(DBN)

Plan Sponsors in Bankruptcy Could Get Anti-Cutback Exception Under IRS Proposal
(DBN)

PBGC Asks Bankruptcy Court To Treat Prior Sale Of Interest In Debtor As Prohibited Attempt To Evade ERISA Pension Liability
(DBN)

______________

Health Care:

Hospital Mass Layoffs More Than Double From April to May
(DBN)

_____________

Cross-Border:

Sanko Steamship Files Chapter 15 Bankruptcy in U.S.
(DBN)

______________

UK:

UK watchdog and BoE may have missed Libor red flags
(DBN)

Agius resigns as Barclays chairman
(DBN)

Diamond quits as Barclays chief
(DBN)

US may feel effects of Barclays rate scandal
(DBN)

UK fraud office weighs prosecutions of Barclays
(DBN)

______________

EU:

France faces tougher cuts despite Hollande promises
(DBN)

______________

PIIGS:

Italian Notes Gain on ECB Bets as Spanish Bonds Drop --- Spain's jobless level falls by 100,000 in June
(DBN)

On a "real" Marshall Plan for Greece --- Greece must pay suppliers' arrears: EU taskforce head
(DBN)

______________

Canada:

DIP Financing Rules Crystallized: Interim DIP Financing Arrangements Approved by the Ontario Court of Appeal
(DBN)

______________

Germany:

Q.Cells Insolvency Proceedings Begin; Corporate Restructuring Possible
(DBN)

______________

Belgium:

Belgian Bankruptcies Rose 3% in First Half
(DBN)

______________

Brazil:

Brazil's GM Preparing For 'Drastic' Number of Layoffs
(DBN)

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Copyright 2012