July 9, 2012

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Dept of Labor Stats Show Flat Market for Legal Services, with Only 200 New Jobs in June
(DBN)

Three Tips for Handling a Bad Boss
(DBN)

Freshfields, Covington, Clifford Chance: Business of Law
(DBN)

Dewey Motions, U.S. Trustee's Objections to Get Their Day in Court
(DBN)

Bernstein Law Firm Changes Name to Bernstein-Burkley
(DBN)

The Art of Elevator Speeches
(DBN)

Downtown Pittsburg law firm will pay $60M in Adelphia bankruptcy
(DBN)

Serious Is New Black (Maybe it always was in BigLaw)
(DBN)

Judge: Best Lawyers Not Law Graduates
(DBN)

The Profitability of An Associate (Or should it be Investment?)
(DBN)

Judgment Leads to Garnishment Writ Application Against Baker & McKenzie
(DBN)

Texas Supreme Court Rules detailed time records required for lodestar fee recovery, affidavit insufficient
(DBN)

Magic circle law firms go further afield --- Linklaters, Freshfields revenues flat amid euro troubles --- Post Dewey & LeBoeuf: British law firms adopt gradualism for growth strategy
(DBN)

CC takes on double Libor role for Barclays and RBS with Chinese wall
(DBN)

Law School Transparency: Bloodbath --- So that explains it
(DBN)

The ‘Law School Scam’ Only Exists Because of Cognitive Bias
(DBN)

When The Kids Are Away, The Rats Will Play. No, Seriously, There Are Rats Infesting A Law School.
(DBN)

Law Schools Offering More Practical Skills Courses in Weak Job Market
(DBN)

Need Money for Law School? Just Sell Your Machine Gun
(DBN)

BigLaw Firms Are Among Creditors of Hedge Fund that Filed for Bankruptcy
(DBN)

Search Public Records on the Cheap
(DBN)

Top Tenn. Court OKs 4-Year Suspension for Longtime Partner Who Took Legal Fees Owed to His Law Firm
(DBN)

Judge Issues Stop-Work Order After Bodies of Lawyer, Wife Discovered in Derailed Train Wreckage
(DBN)

Disgraced Journalist Stephen Glass Elicits Criticism and Support in His Quest for a Law License
(DBN)

Review: Launch Center Pro -- speed up common iPhone actions
(DBN)

Top Tech Upgrades
(DBN)

The Best iPhone And iPad Apps You Missed This Week
(DBN)

9 Surefire Ways To Get Out Of Jury Duty
(DBN)

Woman Sues Over Towed Car, Demands $500 Billion
(DBN)

A Farmer's Reputation
(DBN)

Woman shot 9 times in public execution as men cheer
(DBN)

Donations to Legal Defense Fund Help Defendant in Trayvon Martin Murder Case Make $1M Bail
(DBN)

Say What?!
(DBN)

______________

Judges:

Judge Censured for Playing Poker
(DBN)

Stats Show Elected Judges Disciplined More Often than Appointed Judges
(DBN)

"Don't let a pistol-packing mother catch you naked in her daughter's closet."
(DBN)

I Sentence You to Summarize the Book of Job
(DBN)

Split Wis. Supreme Court Refuses to Kick Justice from Case Litigated by His Pro Bono Law Firm
(DBN)

Judge of the Day: You Won’t Like Me When I’m Angry
(DBN)

Happy together? --- Discord at Supreme Court is deep, and personal
(DBN)

We’re getting wildly differing assessments
(DBN)

Supreme Court becomes Roberts court in year of surprises --- John Roberts, CEO --- Where Is the Liberal Outrage? --- The Supreme Court Leaks --- Supremely unsecretive
(DBN)

Judge Posner Hits ‘Goofy’ Trend in GOP, Says He’s Becoming Less Conservative
(DBN)

Judge May Not Be A Racist, Definitely Has No Future In Comedy
(DBN)

______________

Wall Street:

Stocks poised for lower open
(DBN)

Investors Brace Themselves for Shaky US Earnings Season
(DBN)

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

______________

Layoffs:

June Jobs: Five Things You Need to Know
(DBN)

Best Buy Laying Off 600, About 3% of Geek Squad Workforce
(DBN)

Worst Quarter for Jobs Growth Since 2010 --- Jobs Slowdown Looks Less Severe Without Seasonal Adjustments
(DBN)

Broader Jobless Rate Ticks Up to 14.9%
(DBN)

Employees Are Confident About The Job Market, But Don't Think They'll Be Getting A Raise Any Time Soon
(DBN)

Legal Jobs Report: June
(DBN)

5 Million Jobs Missing from Recession's Start
(DBN)

The Generational War Over Jobs Is Only Going To Get Worse
(DBN)

Older Workers Are About to Surpass Younger Workers for the 1st Time
(DBN)

Why American Workers Are Worse Off Today
(DBN)

College Grads Find Retail a (Meager)Route to Job Market
(DBN)

Jobless Futures
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Municipalities:

Stockton Bankruptcy Puts Muni Market on Edge --- Bankruptcy case begins --- Day one in court --- Creditors Fill Court Room --- Stockton Judge Limits Release of Mediation Details --- Stockton bankruptcy talks may soon be made public --- Does Stockton's bankruptcy prove that public unions are too powerful? --- It's not just Stockton
(DBN)

San Bernardino facing bankruptcy if deep cuts aren't made
(DBN)

Jeffco continues fight to use sewer funds for legal costs
(DBN)

Jefferson County sewer creditors should live with what's left from sewer revenues after all sewer system expenses are deducted
(DBN)

Scranton versus the Courts
(DBN)

Pennsylvania lawmakers, Harrisburg officials debate bankruptcy prohibition, Senate Bill 1263, for cash-strapped cities
(DBN)

Video Game Company's Bankruptcy Raises Questions Over State Aid
(DBN)

Broken America: The towns left in financial ruin
(DBN)

______________

Economy:

Economy slows and now comes the earnings season --- Get ready for the end of record corporate profits
(DBN)

Slowing in Nonmanufacturing
(DBN)

US Economy Hits Another Big Bump
(DBN)

Roubini: My 'Perfect Storm' Scenario Is Unfolding Now
(DBN)

How The Richest 400 People In America Did It
(DBN)

The Real-World Middle Class Tax Rate: 75%
(DBN)

America's Infrastructure in Trouble
(DBN)

Obama: The Government Jobs Slayer --- Federal Job Cuts Outpacing State, Local Reductions
(DBN)

How The Average American Has Changed Since The 1960s
(DBN)

US: All Time Record Rail Traffic in June
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Mortgage Settlement Boosts Loan Write-Downs
(DBN)

How Long Can Housing Shrug Off Weak Jobs Growth?
(DBN)

Has Housing Bottomed?
(DBN)

Georgia Shoots To Number One In Foreclosures Nationwide In May
(DBN)

CA: Who will suffer consequences of supposed financial reform?
(DBN)

Mortgage servicers modify 70% of HAMP-eligible second liens
(DBN)

Foreclosure reviews less popular in hardest hit states
(DBN)

____________

Banking:

Libor, or when all banks lied --- Rate Probe Moves to Political Arena --- Barclays strategy backfires in Libor scandal --- Barclays strategy backfires --- Where Was Auditor PwC When Its Client Barclays Gamed Libor? --- Lie-More As A Business Model --- LIBOR Scandal: The Smoking Gun Showing The Authorities Knew --- Reich: This Is The Wall Street Scandal Of All Scandals --- The Claims Will Spiral Into The Trillions --- Why No One Cares About The LIBOR Scandal --- Rupert Murdoch Says The LIBOR Scandal Is 'Very Suspicious' And That Diamond Is A 'Scapegoat' --- Barclays Sued in N.Y. by Futures Trader for Admitted Euribor Manipulation --- Barclays Corrupts Libor and Maybe a Lot More
(DBN)

Did money manager die in shame, or make an escape? --- Bank with missing director is shut down, sold
(DBN)

As U.S. economy steadies, bank closings become rarer
(DBN)

Roubini: Break Up The Banks Or Hang Someone In The Streets
(DBN)

Big banks try assuring public in living wills
(DBN)

Banks’ Living Wills Don’t Defuse Systemic Risk
(DBN)

______________

Politics:

Democrats Renew Attacks on Romney's Money
(DBN)

Obama People Attack Romney Over Secret Offshore Accounts And Money Dealings -- Romney Issues Lame Response
(DBN)

______________

Energy:

Dynegy joins subsidiary in bankruptcy as part of restructuring plan --- Aims for September Exit --- NYSE suspends Dynegy after bankruptcy filing
(DBN)

Coal, gas-fired businesses left out of Dynegy bankruptcy filing
(DBN)

______________

Pensions:

Former govt counsel urges stop to 'looting' of Fund by lawyers
(DBN)

Off-island retiree asks judge for thorough accounting of fees
(DBN)

Creditors committee does not object to Fund's selling of San Vicente land
(DBN)

______________

Shipping:

Sanko bankruptcy blow for bulk shipping
(DBN)

______________

Health Care:

St. Vincent's emerges from bankruptcy
(DBN)

KV says it will go bankrupt without FDA intervention
(DBN)

IRS to Tax-Exempt Hospitals: Go Easier on Medical Debt Collection
(DBN)

______________

Hedge Funds:

Fletcher fund fights to halt Bermuda liquidation
(DBN)

On Unhappy Returns and No Refunds
(DBN)

The success of hedge funds: Masterclass
(DBN)

______________

Accounting:

Accountant “faked bankruptcy ” to dodge divorce settlement
(DBN)

PwC leapfrogs Deloitte as global networks boost revenues
(DBN)

______________

Alternative Energy:

Some Key Points Big Media Isn't Telling You about Abound Solar & DOE Loan Guarantees
(DBN)

______________

Weather:

It's So Hot In Washington That The Tarmac Is Melting
(DBN)

Dozens of Deaths Tie to US Heat Wave
(DBN)

No power in parts of Ohio over a week after storm
(DBN)

Corn Belt Fears Large Crop Loss from Heat Wave, Drought Conditions
(DBN)

18 Dead In Chicago From Heat
(DBN)

High temps blamed for murder spike
(DBN)

______________

Baseball:

N.Y. Yankees Parking Existential Default Hits Creditors
(DBN)

______________

Distressed Investing:

Zell: "I'm the fastest No in the west"
(DBN)

______________

Art:

Knoedler Art Gallery in N.Y. Sued Over Alleged Fake Works
(DBN)

______________

Student Debt:

Obama signs bill capping student loan interest rates
(DBN)

Student-Loan Debt Swells, Flaunts Missteps
(DBN)

Indentured Students Rise as Loans Corrode College Ticket
(DBN)

______________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (44 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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:

Syms, Lehman, FirstFed, Global Aviation
(DBN)

Rochelle on Jefferson County, Allen Stanford, Fletcher (audio)
(DBN)

The Bankruptcy Files: Abound Solar, Buddy Fletcher, and Dynegy
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Sales:

After RadLAX: A practitioner's guide
(DBN)

______________

Litigation:

Class Certification Granted in 'Da Silva Moore'
(DBN)

How to Use PowerPoint and Other Technology at Trial
(DBN)

How to Capitalize on Wi-Fi in Courtrooms
(DBN)

No Law Firm Liability For Seizure Of Electronic Files From Opposing Party
(DBN)

______________

Celebs:

The Broke and the Beautiful: Hot Edition
(DBN)

'RHONY' Sonja Morgan Leaving Her Town House Behind Due to Bankruptcy?
(DBN)

______________

Retailing:

A Town Converted An Abandoned Walmart Into One Gigantic Public Library
(DBN)

Syms, Filene's Shareholders Oppose Hearing Delay
(DBN)

______________

Gambling:

Developer, casino owner Black and wife seek bankruptcy protection
(DBN)

______________

Fraud:

Lawsuit against M&I gets a do-over
(DBN)

Ex-Citi Employee Seeks to Bar ‘Leading’ SEC Questions at Trial
(DBN)

______________

Debt Collection:

Hollywood Video's Collectors Allegedly Demanding Bogus Late Fees
(DBN)

______________

Aviation:

AMR sues retired workers over health care, life insurance benefits
(DBN)

Why American Airlines needs time to restructure
(DBN)

APFA reports ‘some progress’ in American Airlines contract talks
(DBN)

______________

Lehman:

Barclays Appeal Seeks $1.3 Billion More in Fight with Lehman Trustee
(DBN)

______________

Video Games:

38 Studios bankruptcy hearing begins Tuesday in Delaware
(DBN)

______________

Corporate Reform:

CFPB under fire for relationship with White House, approach to abuse investigations
(DBN)

______________

Corporate Governance:

Duke Energy Power Play Provokes an Uproar
(DBN)

______________

UK:

Tucker faces tough questions over Libor --- Tucker Faces Libor Grilling as BOE Chief Race Hangs in Balance
(DBN)

______________

EU:

Barnier Seeks to Widen EU Market Abuse Rules to Include Libor
(DBN)

The Euro Bombshell That Finland Just Dropped on Berlin and Madrid --- Refuses to pay for other countries' debt --- Contests Seniority Clause in Spain's Bank Bailout --- Firm on Collateral as Spain Aid Terms Discussed --- Stop Dreaming - Finland Ain't Leaving --- Finland Is Ruining A Lot Of Summer Vacations In Europe
(DBN)

Angela Merkel's Popularity Is Going Through The Roof In Germany
(DBN)

German Industrial Production Up in May --- German Exports Increase More Than Forecast
(DBN)

Something's rotten in Paris
(DBN)

Euro Zone Works to Form Top Bank Agency
(DBN)

The Euro Crash Refuses To Go On Vacation
(DBN)

Supreme Court Debate on the European Insolvency Regulation
(DBN)

Euro Touches 2-Year Low Before Finance Ministers Meet
(DBN)

A Quote From An Anonymous European Official Is Undermining The Entire EU Summit
(DBN)

______________

PIIGS:

Spain teeters as eurozone unity tested --- French finance minister: Spain banks must be recapitalized quickly --- Spain Gets Extra Year to Reach Deficit Goal: Diplomats
(DBN)

Dublin pushes for insolvency overhaul --- ie: Personal insolvency bill is published, flaws and all
(DBN)

Bankruptcies in Portugal up 83 percent
(DBN)

Greece Plans On Privatizing Massive State Businesses To Get Out Of Its Recession --- Greek socialist leader wants more time for deficit cuts --- Gov’t, troika in tug-of-war over layoffs --- Greek government wins confidence vote, bigger battles loom
(DBN)

______________

China:

China Must Prevent Rebound in Property Prices, Wen Says
(DBN)

China Likely to Show Slowest Growth in Three Years
(DBN)

______________

Iceland:

A Bruised Iceland Heals Amid Europe's Malaise
(DBN)

______________

The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2012