July 6, 2012

The Daily Bankruptcy News

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Law:

Dewey Seeks Bankruptcy Judge OK to Pay Remaining Workers Up to $450K in 'Morale' Bonuses --- Dewey Seeks to Pay Wind-Down Team $450,000 for Eight Weeks --- Dewey & LeBoeuf bankruptcy could impact subtenants --- Law firm M&A slowdown pinned to ' Dewey Effect' --- Restructured Italian firm welcomes former Dewey team --- Dewey's $2 Million Man --- House of Cards - Part IV: The Final Days
(DBN)

Hunton & Williams LLP Welcomes Michael Richman to Bankruptcy Practice
(DBN)

Ashurst adds partner to London restructuring team with CMS hire
(DBN)

Weil Gotshal's Lehman Fees: $430 Million-Plus
(DBN)

Former Freshfields Barrister Wonders If Your Biglaw Job Is Making You Sick
(DBN)

VW Taxes, Jones Day, Baker & McKenzie: Business of Law
(DBN)

Interview: Carey Dunne, New York City Bar Association president
(DBN)

Profits up as Magic Circle firms announce financials
(DBN)

Freshfields and Links reveal figures to confirm CC' s magic circle lead
(DBN)

From Biglaw to Boutique: Independence Day
(DBN)

“I Just Want to Practice Law” Postmortem
(DBN)

Firm's ladies to choose between clean hands and dry hair
(DBN)

Ethics Panel Rules on Ethics of Cloud Computing
(DBN)

Disaster Talk: Let the good times roll scaring the jesus out of young JDs
(DBN)

Legal Sector Business Models: Schumpeter not welcome
(DBN)

Former Sullivan & Cromwell ‘Mailroom of Death’ Associate Promoted to Partner at Baker & McKenzie
(DBN)

Thanks For The Statute; Do You Have Any Advice?
(DBN)

US Law Schools Expanding Clinical, Professionalism Offerings, Survey Shows --- Law schools getting the message on practical skills
(DBN)

Which law schools lose the most when applicants decline?
(DBN)

Judge Hikes Zimmerman Bond to $1 Million
(DBN)

3 Tips to Stay Cool and Dress Like a Pro This Summer
(DBN)

Time to Reject Perception that Disabilities Are Barriers to Productive Legal Careers
(DBN)

GlaxoSmithKline To Use Millions Saved In Legal Fees To Pay $3 Billion Settlement?
(DBN)

UK Solicitor Shot at Desk in Law Office Is In Critical Condition
(DBN)

Lawyer Says Sheriff’s Office Could Raise Revenue by Selling Him Ad Space on Cop Cars
(DBN)

Superheroes of the Legal Profession: Obscura
(DBN)

Did You Read The Part of the Waiver About . . .
(DBN)

Man Robbed 7-Eleven Because . . .
(DBN)

Man Robs Gas Station at Knifepoint for . . .
(DBN)

Bus driver says caffeine made him . . .
(DBN)

Woman charged with assault for striking preacher in head with Bible
(DBN)

Boy bitten on neck by man in 'vampire' attack
(DBN)

Lifeguard Loses Job For Leaving Post - To Save Drowning Swimmer
(DBN)

The Lawyer Who Was Imprisoned For Keeping A Teen Slave Has Finally Been Suspended From Practice
(DBN)

Say What?!
(DBN)

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Judges:

Judge Reprimanded for Posting Order on Court Website That Accused Lawyers of Unethical Conduct
(DBN)

Judge Orders DUI Defendant to Write Report on Book of Job
(DBN)

Speculation Abounds on Supreme Court Leakers; Three Justices Mentioned
(DBN)

Nearly Half of Poll Respondents Are Clueless on Supreme Court’s Ruling on Health Care Law
(DBN)

Justice Elena Kagan: Overlooked turncoat on health care law?
(DBN)

How a 1927 Movie May Have Revealed the Roberts Defection --- Romney criticizes his one-time model, Chief Justice John Roberts
(DBN)

The Farmer And The Commerce Clause
(DBN)

Commerce Clause ruling: much debate, little impact
(DBN)

It Does Not Matter Whether Congress Calls a Tax a Tax
(DBN)

Federal Judge: GOP Made Me Less Conservative
(DBN)

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Wall Street:

Stock futures edge lower, focus on jobs data
(DBN)

Markets Are Down And Any Central Bank Enthusiasm Is Gone
(DBN)

Stocks close lower ahead of jobs report
(DBN)

End Wall Street's Welfare Hypocrisy
(DBN)

______________

Layoffs:

Hopeful signs emerge for struggling jobs market
(DBN)

Survey: Next President Faces High Jobless Rate
(DBN)

Is this the beginning of the end for federal unemployment benefits?
(DBN)

Planned US job cuts reach 13-month low
(DBN)

Curb your enthusiasm about June jobs, folks
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Banking:

Departures prompt Barclays downgrade --- Who Should Be Sharpening Their Pitchforks For Barclays? --- Bob Diamond ousting 'was plotted by his outraged bankers in New York' --- The Little Lie That Rocked The Banks --- 4 Other CEOs Who Could Be Forced Out Over Rate Rigging --- 'Lie-Bor' is an Existential Crisis for the Big Banks
(DBN)

US banks must watch their risk-taking, regulator says
(DBN)

LIBOR: Everything You Wanted To Know But Were Afraid To Ask
(DBN)

JPMorgan Ordered to Explain Withholding E-Mail in Probe
(DBN)

Regulator Warns of Mortgage Losses for U.S. Banks
(DBN)

Banks Prove That They Are Not Too Big To Fail By Saying “We Can Fail” On A Piece Of Paper, Moving On --- Deutsche Bank Would Use Bridge Bank in Case of Failure
(DBN)

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Hedge Funds:

Fletcher Fund Creditors Include Well-Known Law Firms, Others
(DBN)

Fletcher Moves To Preempt Fund Liquidation
(DBN)

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Education:

LMC keeps accreditation despite bankruptcy
(DBN)

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Celebs:

The Kleiner Perkins Sex Scandal Takes A Twist As Alleged Victim's Husband's Hedge Funds File For Bankruptcy
(DBN)

______________

Debt Collection:

Bounty Hunter Uses Promise Of Working With Jennifer Aniston To Lure Delinquent Dad Back To Pennsylvania
(DBN)

______________

Economy:

Trio of top c.banks leap into action in sign of alarm --- Deliver 45-Minute Salvo as Growth Weakens --- Stocks Go Nowhere After Central Banks Try To Save The World
(DBN)

Lagarde Says IMF to Cut Growth Outlook as Global Economy Weakens
(DBN)

UN calls for 'billionaires tax' to help world's poor
(DBN)

U.S. jobless claims fall 14,000 to 374,000 --- Private-sector payrolls pick up in June, ADP says
(DBN)

Credit Swaps in US Rise as ECB Cuts Main Rate to Record Low
(DBN)

New Jobless Claims Lower Than Forecast
(DBN)

Service firms grew at slowest pace in 2 years --- ISM Services Index in U.S. Fell to 52.1 in June From 53.7
(DBN)

Latest data further muddy economic outlook
(DBN)

Researchers Say That The More Money You Have, The Less Humane You Become
(DBN)

The world’s billionaires (in one chart)
(DBN)

Americans Support Cutting The Deficit, But Not Cutting Specific Programs
(DBN)

Anxiety Mounts as US Economy Limps Into 2nd Half
(DBN)

The 5 myths of the great financial meltdown: Round 2
(DBN)

68% Of Americans Check Their Work Emails Before 8am
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Local California Officials Consider Using Eminent Domain to Restructure Underwater Mortgages --- Eminent Domain and Mortgages --- An Off-the-Wall Plan to Save Homeowners (And Make Some Investors Rich)
(DBN)

Mortgages Sink Amid Disquiet Over Euro
(DBN)

Mortgage rates smash old record
(DBN)

New Agency Plans to Make Over Mortgage Market
(DBN)

Countrywide issued hundreds of VIP loans to buy influence
(DBN)

Report: Biggest gain in Calif. home prices in 2 years
(DBN)

OCC warns of rising HELOC risks
(DBN)

Mortgage applications fall 6.7% on declining government loans
(DBN)

Why So Few Sought Foreclosure Redress: It Was Too Complicated
(DBN)

Rents Increase as Vacancies Dry Up
(DBN)

Retail real estate recovery taking hold-research firm
(DBN)

When termination is not termination: NY and NJ bankruptcy courts’ views on leases
(DBN)

Offerings Target Distressed Loans
(DBN)

Is the Apartment-Rental Market Starting to Overheat?
(DBN)

Man Pays Off Mortgage With 800 Pounds Of Pennies
(DBN)

How the Worst Deal in the History of Finance Could Get Even Worse
(DBN)

Bank Killed Minister, Evicted Wife, Family Says in Foreclosure Horror
(DBN)

____________

Aviation:

US Airways CEO says merger delays 'fine by us' --- Willing to wait
(DBN)

American pilots union urges members to approve deal
(DBN)

Hawker Beechcraft eyes potential buyers after bankruptcy
(DBN)

Air travelers will pony up for fa$ter exit
(DBN)

Kingfisher airlines to sell real estate to clear debt --- Till debt do us part?
(DBN)

Uruguay to shut down bankrupt flagship carrier Pluna
(DBN)

______________

Fraud:

California's Harris Favors State, Madoff Trustee Says
(DBN)

Perry Capital Sued by Solus in Madoff Claims Dispute
(DBN)

State Judge Orders Refund of Madoff Victim's Estate Taxes
(DBN)

Miami Heat, three others agreed to pay Rothstein bankruptcy trustee $1.25M
(DBN)

Rajat Gupta, Other White Collar Criminals May Be Better Staying On The Street
(DBN)

Stanford investors lose again
(DBN)

______________

Retailing:

Syms Creditors, Equity Holders Still at Odds over Process
(DBN)

Retailers post worst June sales in three years
(DBN)

______________

Religion:

Judge closes bankruptcy case against Iowa diocese
(DBN)

______________

Gambling:

Santa Ysabel Casino files for bankruptcy protection --- California Tribe's Casino Files for Bankruptcy
(DBN)

______________

Municipalities:

How Stockton went broke --- Burden of proof weighs heavy on Stockton's case --- Documents paint a harrowing picture of city's financial ills --- Stockton Creditors Hold Few Weapons in Bankruptcy Fight
(DBN)

Mammoth financial problems echo Whistler's past
(DBN)

Cities Forced To Choose Between Bankruptcy And Foreign Investors
(DBN)

Corbett signs Act 47 fix
(DBN)

These U.S. Cities Have More Crime Than Detroit
(DBN)

Reporter Golfs Through Entire City of Detroit
(DBN)

Texas: Last in Nation on Health Care Quality
(DBN)

______________

Video Games:

Emails: Schilling firm slow to allow audit access
(DBN)

______________

Tax:

How — or will — the health tax be enforced?
(DBN)

______________

Pensions:

Pension legislation does not go far enough: PBGC director
(DBN)

______________

Defaults:

S&P report says global corp default tally still at 39 issuers
(DBN)

______________

Corporate Reform:

Rich Guys Facing Jail Time Can Still Win a Break
(DBN)

______________

Autos:

Saving John’s assets
(DBN)

______________

Weather:

Drought Hits 56% of Continental US
(DBN)

DC ties record for most straight 95+ degree days
(DBN)

______________

Photography:

Kodak execs seek millions in unsecured claims
(DBN)

______________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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:

Bankruptcy filings fall 14%, on track for pre-2008 levels
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Reform:

Proposed changes to bankruptcy code, other measures
(DBN)

______________

Bankruptcy Crimes:

Gulf Breeze man arrested for bankruptcy fraud
(DBN)

______________

Guarantees:

Will voluntary bankruptcies trigger recourse?
(DBN)

______________

Serial Filings:

Bad News: You're in Chapter 55
(DBN)

______________

Litigation:

Nastiest litigation going in high finance
(DBN)

______________

Lehman:

Lehman Seeks to Cancel Billions in JPMorgan Claims
(DBN)

______________

Energy:

Dynegy Inc files for bankruptcy
(DBN)

U.S. Bankruptcy Court Approves Disclosure Statement For Dynegy
(DBN)

______________

Shipping:

Kelley Drye Represents Creditors of B+H Ocean Carriers in Bankruptcy Matter
(DBN)

______________

Politics:

The Wall Street Journal Shreds Mitt Romney
(DBN)

______________

Corporate Governance:

Chancellor Strine speaks: Lessons on financial advisor conflicts and fee awards in merger cases
(DBN)

Silicon Valley, where "it is not the board's role to offer counsel or advice"
(DBN)

______________

Health Care:

Accretive seeks to dismiss Minn. AG's newest complaint
(DBN)

Americans See More Economic Harm Than Good in Health Law
(DBN)

______________

Telecoms:

Smartphone software developer Poynt Corp. files for bankruptcy
(DBN)

______________

Hollywood:

'Grudge' producer to file for bankruptcy
(DBN)

______________

MF Global:

Jon Corzine reportedly "haggard and unfocused", subsisting in some sort of Hamptons exile
(DBN)

______________

Religion:

Report: Chabad’s Bondi Australia Yeshiva Faces Bankruptcy, Closure
(DBN)

Convicted Philly priest denied house arrest
(DBN)

______________

Alternative Energy:

Lights go dim on another energy project
(DBN)

______________

UK:

Administrators close 229 Clinton Cards stores
(DBN)

Taxman deploys more task forces
(DBN)

Begbies Traynor sees fall in revenues and profit
(DBN)

Made-in-London Scandals Risk City Reputation as Money Center
(DBN)

______________

EU:

Ratings agency sees worries ahead for France, Germany
(DBN)

Why Euro's Getting Slammed After ECB Easing
(DBN)

Angela Merkel is wrong, say 172 economists
(DBN)

Germany's Economy Catches the Euro Flu
(DBN)

______________

PIIGS:

Spain borrowing costs up as Irish return to market --- Bankia fraud case could set off political fireworks --- Spanish borrowing costs climb despite c.bank action --- Spain Crisis Forces $7B in Cuts on Hospitals --- Spain Re-Enters Danger Zone, Germany Borrows for Free
(DBN)

Ireland returns to bond market – at better rate than Spain --- ie: Minister Shatter predicts large bankruptcy application increase --- The Personal Insolvency Bill 2012 --- A new deal on mortgage debt
(DBN)

Greece Gives Up Immediate Plan For Getting New Bailout Terms --- Greece's new finance minister: some economic reform efforts off-track --- Fear of clash with creditors sees stocks suffer losses --- Swedish FinMin sees "some kind of default" --- Athens Enraged by Cameron’s Statements
(DBN)

Monti Cabinet Passes $32 Billion Spending Cuts Through 2014
(DBN)

Portugal: Bankruptcies up 83 percent
(DBN)

______________

China:

China's Surprise Rate Cut
(DBN)

______________

Denmark:

Danish Bid to Weaken Krone Risks Harming Banks
(DBN)

______________

Japan:

Japan leaders, utility slammed for 'man-made' nuclear disaster
(DBN)

______________

Vatican:

The Vatican Is Losing Money Like Crazy --- Angels and debtors
(DBN)

______________

BRICs:

BRICs Priced for Economic Meltdown
(DBN)

______________

Russia:

Russian Banker Fights Extradition as Asset Hunt Begins
(DBN)

______________

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Copyright 2012