July 31, 2012

The Daily Bankruptcy News

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Law:

Bonuses Approved at Dewey & LeBoeuf, Despite Bankruptcy Trustee’s Beef With Them --- Dewey Docket: Bonuses for Wind-Down Team Get Green Light --- Dewey employees seek reimbursement --- Dewey's UK LLP looks to liquidation as unsecured creditors may lose out --- Unsecured Dewey UK creditors to miss out on £5.2m in payments
(DBN)

Keker, Vinson & Elkins, Wachtell, & Loeb & Loeb: Business of Law
(DBN)

As BigLaw Firms Hold Steady on Attorney Headcount in DC, Consultant Points to ‘Vulnerable’ Partners
(DBN)

3M Outside Counsel Suit 'Troublesome' to Many GCs
(DBN)

Uncertainty over Work from Billionaire Families Makes Midsized Firms Attractive Merger Targets
(DBN)

The Unfairness Of ‘Are You Sure?’
(DBN)

Credit Cards, House Calls, Text Messages — Are They Beneath You?
(DBN)

Jobless Lawyers: Learn to love the deflationary trendline
(DBN)

How Wall Street Lawyer Turned Insider Trader Eluded FBI
(DBN)

Former Prosecutor Allegedly Threatened His Boss on Facebook, Now Faces Criminal Charges
(DBN)

Law Schools Willing to Negotiate Scholarships; Illinois Gives Aid to Every New Student
(DBN)

Law School Transparency: A tower room at Eden Roc --- OCI
(DBN)

Law Student Says ‘Legally Blonde’ and Rudolph Giuliani Inspired Her to Run for NY Senate Seat
(DBN)

Dead Cat Mars Usually Lovely Albany Bar Exam Experience
(DBN)

Law Office Worker Can Sue ‘Diva’ Lawyer Who Lunged and Raised His Fist, Columnist Says
(DBN)

Four People Sentenced To Death By Hanging In $2.6 Billion Bank Fraud
(DBN)

Couple Stoned To Death
(DBN)

Software Engineer Gets Life Without Parole for Murdering Opposing Counsel
(DBN)

Ex-Special Prosecutor to Pay $157K to Settle Suit Claiming Hidden Evidence, Perjured Testimony
(DBN)

Florida Alligator Eats Mans Hand . . . Man Charged With Feeding Alligators
(DBN)

Auto Worker, 93, Gives ‘Bulletproof Provenance’ re 1928 Al Capone Car Auctioned By Attorney’s Estate
(DBN)

After Decades in Practice, Family Lawyer Cringes Over Case ‘Way Beyond Just an Ugly Divorce’
(DBN)

5th Circuit says world-class trash talking not enough to prove sex discrimination by "master of vulgarity"
(DBN)

Don't Try This At Home
(DBN)

Say What?!
(DBN)

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Judges:

Scalia steps up criticism of healthcare ruling --- ""It's fun to push peoples' buttons"
(DBN)

Benchslap of the Day: Justice Scalia Pulls Rank on Judge Posner
(DBN)

Former clerks testify at Orie Melvin preliminary hearing
(DBN)

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Wall Street:

Stock index futures signal small rise at open
(DBN)

Stocks close lower on economies worries
(DBN)

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

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Layoffs:

Survey: Fewer Small Businesses Plan to Hire
(DBN)

States' Hidden Jobless Woes
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Education:

Democratic report blasts for-profit colleges
(DBN)

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Aviation:

Is American Airlines' CEO Panicking?
(DBN)

American Airlines, American Eagle dropping jobs in bankruptcy
(DBN)

Devil in the details in potential US Air, AMR merger
(DBN)

Northstar Aerospace sale approved
(DBN)

Wings get clipped: High-fliers losing million$ when trading in jets
(DBN)

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Furniture:

Cisco Brothers emerges from Chapter 11 bankruptcy
(DBN)

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Health Care:

Medicare Issues in Bankruptcies
(DBN)

Justice Roberts is Right: The Plan Won't Work
(DBN)

Justice Scalia Still Speaking Out in Dissent Over PPACA Ruling
(DBN)

In-Hospital Debt Collector Agrees to $2.5M Payment, 2-Year Ban in Pact With Minn. AG
(DBN)

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Mail:

Post office nears historic default on $5B payment
(DBN)

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Paper:

SP Newsprint set for Aug. 17 auction
(DBN)

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Corporate Reform:

CFPB Enforcement Plans Span 'Full Breadth' of Agency's Authority
(DBN)

U.S. regulators boost financial utilities' risk management rules
(DBN)

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Fraud:

Ex-Citigroup banker's fraud case goes to the jury
(DBN)

German investors hit in multi-billion ponzi scheme
(DBN)

Bankruptcy Trustee Wants to Interview Reputed German Con Man
(DBN)

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Debt Collection:

Accretive Health settles Minnesota lawsuit, shares jump
(DBN)

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Media:

Martha sees red
(DBN)

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Economy:

Gigantic Miss: Dallas Fed Report Plunges To -13.2
(DBN)

Wall Street Now Almost Certain Fed and ECB Will Act
(DBN)

Will It or Won't It? All Eyes on Fed for Signs of Action
(DBN)

The Biggest Myth About The Federal Reserve
(DBN)

Dallas Fed: "Slower Growth" in July Regional Manufacturing Activity
(DBN)

TARP was Abysmal Failure
(DBN)

A billionaire's fear: inequality is creating an impoverished underclass that threatens social stability
(DBN)

Global Private Equity Assets Hit Record $3 Trillion
(DBN)

This Is the Weakest Link in the US Financial System
(DBN)

The Greatest Generation? Ponzi artists, congressman suggests
(DBN)

Las Vegas Explains the Past and Future of the Economy
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Squatters File Bankruptcy To Keep Homeowners Out Of Their Own House
(DBN)

Obama And Romney Meet The Eminent Domain Gang
(DBN)

Reducing Mortgage Principal Is Not a 'Moral' Issue
(DBN)

FHFA Nears Decision on Debt Forgiveness
(DBN)

JPMorgan Chase fails to end mortgage modification lawsuit
(DBN)

Sliding Mortgage Rates Create 'Serial Refinancers'
(DBN)

Bank Of America Briefly Considered Unburdening Itself Of The Drunken Mistake That Was Countrywide
(DBN)

Walnut Place Drops Lawsuit Against BofA’s Countrywide
(DBN)

Mortgage bond investors doubtful house prices leveled
(DBN)

Mortgages dominate complaints sent to CFPB
(DBN)

NMHC Apartment Survey: Market Conditions Tighten in Q2 2012
(DBN)

3 Million Of America's Most Vulnerable Homeowners Are On The Brink Of Foreclosure
(DBN)

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Autos:

Chrysler earned $436 million in quarter, confirms outlook
(DBN)

Mourdock: Obama’s Chrysler Bankruptcy Deal ‘Same Tyrannical Principle’ As 1858
(DBN)

Did GM's Ewanick get fired over Chevy deal with Manchester United?
(DBN)

Fox's Stuart Varney Whopper: GM "Can't Exit From Bankruptcy "
(DBN)

CAW seeks Northstar meeting
(DBN)

Carmakers stuff German market with self-sales
(DBN)

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Banking:

Fed May Cut Banks' Interest on Reserves After ECB Move
(DBN)

Get ready for plaintiffs' lawyer brawl over Libor class actions --- Libor Rigging Can Be Prosecuted Under UK Law, SFO Says --- Does jail await bankers found to have rigged Libor? --- Libor non-scandal of the day, Citigroup edition
(DBN)

A Big Banker's Belated Change of Heart
(DBN)

NY lender sues big banks over alleged Libor manipulation
(DBN)

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Telecoms:

WorldGate ready for auction
(DBN)

______________

Student Debt:

Supreme Court is asked for guidance on student loan ‘undue hardship’ test
(DBN)

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Pensions:

Let Fund board pay legal fees
(DBN)

______________

Compensation:

Top paid execs averaged 12.8 percent raises
(DBN)

Barnes & Noble Board Scrambles for Fix After Overpaying CEO
(DBN)

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Politics:

Warren Doubles Down
(DBN)

Elizabeth Warren Pegged to Speak Before Clinton at Democratic Convention
(DBN)

Wall Street Already Betting On Who Wins in November
(DBN)

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Food/Beverage:

Supervalu fires CEO, taps chairman for turnaround
(DBN)

Corn prices hit record as crops shrivel
(DBN)

______________

Municipalities:

Scranton, Penn. to pay back workers' wages, plus interest
(DBN)

Cities In California Are Declaring Bankruptcy To Avoid Governor Brown's Tax Increases
(DBN)

Creditors, bankrupt Alabama county in talks
(DBN)

Duarte heading to bankruptcy as critical Tuesday meeting looms
(DBN)

Struggling Calif. cities looking to tax hikes
(DBN)

Municipal bankruptcy : The lessons of California
(DBN)

Former UBS bankers cheated cities by rigging bond bids: U.S.
(DBN)

States Of Bankruptcy
(DBN)

______________

Alternative Energy:

Solyndra files Chapter 11 reorg plan, anticipating small recoveries --- Solar Panel Company Won't Pay Back Most Of Its $527 Million Government Loan
(DBN)

______________

Gambling:

Boxer Floyd Mayweather, Jr.: Alabama Casino Owner Owes $61M
(DBN)

______________

Photography:

Kodak registers higher revenues, loss in June operating report
(DBN)

______________

Religion:

More men allege abuse by Christian Brothers
(DBN)

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Mail:

Trying to Keep the Post Office From Going Bust
(DBN)

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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 (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (22 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)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Poetry:

Dealus Interruptus
(DBN)

Oakland Athletics
(DBN)

Tribune
(DBN)

Birthday
(DBN)

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Bankruptcy Compensation:

Approval of Key Employee Retention Plans: Did Global Aviation Get It Right?
(DBN)

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Plan Confirmation:

To Confirm or Not to Confirm? Third Circuit Rules That Bankruptcy Court May Determine at Disclosure Statement Stage That a Chapter 11 Plan Is Patently Unconfirmable
(DBN)

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Safe Harbors:

Some Can't Dock In Bankruptcy Code's 'Safe Harbor'
(DBN)

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Insurance:

Lumbermens Mutual Casualty Company placed into rehabilitation: what you should be doing to protect and prepare to assert your claims
(DBN)

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Litigation:

Why You Should NOT Use Technology in Your Trial
(DBN)

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Lehman:

Lehman Raises $4.7 Billion in Second Quarter for Payment
(DBN)

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Brushes:

Harper Brush gets 4 more months to work out bankruptcy
(DBN)

______________

Bankruptcy Crimes:

"Dr. Shine" Gets 27 Months for Obstructing Bankruptcy Court
(DBN)

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UK:

British officials launch Libor review, say 'urgent reform' needed
(DBN)

Law firms facing a harsher future
(DBN)

London manufacturers top insolvency league
(DBN)

Construction insolvencies on the rise
(DBN)

Libor Rigging Can Be Prosecuted Under U.K. Law, SFO Says
(DBN)

Insolvency Service investigation leads to shut down of major national solar panel company
(DBN)

146,000 'zombie businesses' teetering on the edge
(DBN)

______________

EU:

If You Want to Understand Why Europe's Such a Mess, Look at Arizona
(DBN)

European officials again consider measures to save the euro
(DBN)

Geithner, Schaeuble Hail Euro Plan as Greece Gets No Word
(DBN)

ECB thinks the unthinkable, action likely weeks away
(DBN)

The euro crisis' next "make-or-break" moment: after everyone gets back from August vacation
(DBN)

Euro-Area Unemployment Rate Reaches Record 11.2% on Crisis
(DBN)

More Germans out of work as euro zone crisis spreads
(DBN)

______________

PIIGS:

Spain's Economic Arsonists --- Temptations of a Peseta default in Spain --- Spanish Deadlines Loom: Is Full Bailout On Its Way? --- Spain capital outflows speed up as bank woes deepen
(DBN)

Thomas McFeely declared bankrupt in Ireland
(DBN)

Greece Seeks to Tax Accounts in Switzerland --- Near-bankrupt Greece says cash reserves drying up
(DBN)

Italian Unemployment Comes In Much Worse Than Expected
(DBN)

______________

Canada:

A DIP Departure
(DBN)

______________

Russia:

Putin signs law on bankruptcy procedure for banks
(DBN)

______________

MENA:

Dubai Group repayment guarantees unlikely despite creditor demands
(DBN)

______________

China:

China Steel Industry Profits Plummet 96% in First Half
(DBN)

______________

India:

Half of India without power
(DBN)

______________

Tanzania:

New Insolvency, Bankruptcy Laws Coming
(DBN)

______________

Japan:

Tepco Under State Control as Government Gets Shares for Cash
(DBN)

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Copyright 2012