June 1, 2012

The Daily Bankruptcy News

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Law:

Dewey Bankruptcy Judge Releases Collateral for Wind-down --- In Dewey Bankruptcy, A Second Day Scramble --- Dewey Know What Led to the Collapse? And What Lessons Can Be Learned? --- Former Partners, Vendors Selected to Advise on Dewey Bankruptcy --- Deconstructing Dewey's Debt: In Search of the Missing Variables --- Dewey's UK partners unlikely to face clawback for US debt
(DBN)

The Legal 500: Corporate Restructuring
(DBN)

Do law firms make good tenants?
(DBN)

DLA Piper's regional offices under scrutiny in profitability review
(DBN)

Skadden, S&C, Minter Ellison, MoFo, Crowell: Business of Law
(DBN)

Some folks are getting tired of gender diversity initiatives
(DBN)

Law Firm to Pay $13.5M Fees Clawback to Convicted Client's Bankruptcy Estate
(DBN)

Two In-House Lawyers Are Let Go After Judge Demands Explanation of Belated Email Production
(DBN)

The Latest Indignity For Law Grads: A Job Ad Promising $10,000 A Year --- Boston Law Firm Got 32 Applicants for Attorney Job Paying $10,000 a Year, Partner Says
(DBN)

On the Road with the New Normal ‘Mishpocheh’
(DBN)

A Profession, If You Can Keep It
(DBN)

Alston & Bird Partner Calls Out Country Club For Allegedly Debauched Behavior
(DBN)

Quote of the Day: The Law Is Serious Business (Seriously)
(DBN)

Another Round of Lawyers on the Defensive
(DBN)

Sidley and Paul Hastings Follow the Law Firm Pack to Houston, Break Ranks When It Comes to Hiring
(DBN)

From Biglaw to Boutique: Greener Grass
(DBN)

Clients Who Can’t Tell Good Work From Bad
(DBN)

Brooklyn lawyer disbarred over faulty affidavits
(DBN)

Small Associate Classes Partly Account for Smaller Growth in Partner Profits at Second Hundred Firms
(DBN)

Feds Kick Off Lawyer’s Money-Laundering Conspiracy Trial by Playing Tape of Talk with DEA Snitch
(DBN)

High-profile Fla. lawyer to join Zimmerman defense
(DBN)

Lacrosse Doesn't Pay the Rent
(DBN)

Law School Transparency: There was a silence in heaven
(DBN)

Remote Computing Unleashes Legal Pros From the Office
(DBN)

Divorcée Sues Neiman Marcus for Refusal to Accept Return of $1.4M in Gifts From Allegedly Cheating Ex-Husband
(DBN)

Attorney, Disbarred Lawyer Among Latest 14 to Take Pleas in Las Vegas Homeowner Association Fraud
(DBN)

State to cease plural marriage prosecutions for bigamy
(DBN)

First Circuit Strikes Down DOMA And Definition Of Marriage As Between A Man And A Woman
(DBN)

Couple's pock-faced, cross-eyed mugshots double as anti-meth advertising
(DBN)

Cannibal Strikes In Maryland --- Fugitive Cannibal Warned: I Can't Stop Killing --- South Beach Cannibal 'Put Under Voodoo Curse'
(DBN)

Police believe alcohol may have been involved
(DBN)

Father of 30 children requests child support modification
(DBN)

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Judges:

Justice Stevens Believes Supreme Court Has ‘Second Thoughts’ on Citizens United
(DBN)

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Wall Street:

US stock futures signal lower open, jobs data eyed
(DBN)

World stocks fall as China manufacturing weakens
(DBN)

Stocks Close Down In Miserable Month
(DBN)

Goldman's Cohn Warns of Poaching Risks From Further Pay Cuts
(DBN)

Facebook IPO could hit $200mn D&O programme
(DBN)

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Layoffs:

US May Job Cuts Surge 67% From A Year Ago -Challenger
(DBN)

ADP Employer Services Says U.S. Added 133000 Jobs in May
(DBN)

Employers Still Cutting Back on Benefits
(DBN)

Why We Can't Blame China For US Job Losses
(DBN)

The Most Unemployed City In Every State
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Student Debt:

Student-Loan Debt Rose 8% to $904 Billion in First Quarter
(DBN)

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Food/Beverage:

Adams Produce moves for liquidation
(DBN)

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Energy:

Dynegy, subordinated debtholders reach settlement, clearing path toward reorg
(DBN)

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Religion:

Timothy Dolan and the System of Eternal Rewards
(DBN)

Defense: Monsignor not liable for sins of church
(DBN)

Roman Catholic Church's Watergate: It isn't what happened, it's the cover up
(DBN)

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Brushes:

Harper Brush Works, Inc. Files Chapter 11 Bankruptcy Protection
(DBN)

Another Brush-Maker Bites the Dust
(DBN)

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Banking:

JPMorgan's Iksil Said to Take Big Risks Long Before Loss
(DBN)

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Education:

Student loan debt continues to rise
(DBN)

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Economy:

Sluggish US economy augurs weak jobs growth
(DBN)

US economy appears weaker ahead of jobs report
(DBN)

US revises Q1 GDP lower
(DBN)

Will shoppers increased spending in May last?
(DBN)

Fed Says Household Debt Fell 0.9% During First Quarter
(DBN)

What America's $11.44 Trillion In Household Debt Looks Like
(DBN)

China slowdown worsens amid signs US losing steam
(DBN)

10-year yield hits record low (again!)
(DBN)

This Is What It Looks Like When People Have Given Up On An Economy
(DBN)

The 20 Most Ridiculously Expensive Items People Bought This Month
(DBN)

How 12,000 Of America's Wealthiest Households Got Off Tax-Free
(DBN)

Joseph Stiglitz on the 1 Percent Problem
(DBN)

All It Takes To Fix Inequality Is To Restore The Minimum Wage To 1969 Levels
(DBN)

Thousands Of Companies Around The World Reveal The Truth About The Global Economy
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Mortgage Rates Hit Record Lows; 15-Year Fixed Below 3%
(DBN)

ResCap Unsecured Creditors May Fight Quick Sale, Lawyer Says
(DBN)

Less to $425M Wells Fargo lending deal than meets eye
(DBN)

NYC bank indicted on mortgage fraud charges
(DBN)

Former Thornburg Execs Settle With Investors
(DBN)

Las Vegas businessman files $310 million personal bankruptcy
(DBN)

____________

Telecoms:

JPMorgan's Zames Said to Unwind CIO Stake in LightSquared
(DBN)

RIM’s Strategic Review Prompts Investor Demands for Sale
(DBN)

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Steel:

RG Steel files for bankruptcy protection --- O'Malley Responds to RG Steel's Bankruptcy Petition --- Union Stakes Its Hopes On Restructuring --- Esmark Would Like to Buy Back Pieces of Company --- RG Steel's demise renews economic worries
(DBN)

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Municipalities:

Bank repossesses near-bankrupt Stockton's new City Hall building --- Stockton to Consider Step Toward Chap. 9 --- Stockton Council Plans Vote on Bankruptcy Authorization --- Stockton official seeks bankruptcy authority --- Repossessing City Hall --- Stockton Preps for Possible Plan B --- Union Lawyer: Stockton, Calif., Bankruptcy 'Inevitable'
(DBN)

CA Assembly OKs city mediation changes
(DBN)

Harrisburg City Council members launch petition against bankruptcy prohibition
(DBN)

Alabama County Agrees to Extend Sewer System Cash Split --- Jefferson County to fix pipes after agreement with creditors --- Sewer creditors oppose capital spending for Jefferson County sewage
(DBN)

US muni regulators propose underwriter disclosures
(DBN)

A Gap in College Graduates Leaves Some Cities Behind
(DBN)

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Skiing:

Md. ski resort owner talks with prospective buyers
(DBN)

______________

Bankruptcy Crimes:

Details Of John Wiley Price Federal Complaint Released
(DBN)

Document: Money found in Price's safe proceeds of conspiracy
(DBN)

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Politics:

Mitt Romney makes surprise campaign stop at Solyndra factory
(DBN)

Idaho lawmaker files for bankruptcy protection
(DBN)

Elizabeth Warren : I Told Harvard, UPenn I Was Native American
(DBN)

Reagan's gone. You're old. Get over it
(DBN)

______________

Pensions:

It has hit the fan -- “Congress did not intend that the Bankruptcy Code could solve all problems, least of all the financial problems of government units."
(DBN)

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Trucking:

Trucking company of ex-mayor of Springfield files for bankruptcy
(DBN)

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Retailing:

Talbots Accepts Lower Sycamore Bid in $369 Million Takeover
(DBN)

RoomStore wants to hire investment banker to help sell stake in Mattress Discounters
(DBN)

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Aviation:

AMR posted a net loss of $142 million in April --- $15 million operating loss
(DBN)

Investors eager to buy AMR, US Airways says
(DBN)

Hawker Beechcraft's Vick confident in company's unified future
(DBN)

Hawker Beechcraft nets final approval of $400M DIP facility
(DBN)

Hawker Beechcraft exploring sale, lawyer tells bankruptcy court
(DBN)

______________

Debt Collection:

FDCPA Lawsuits Fall Significantly in First Half of May
(DBN)

______________

Oil/Gas:

Bondholders fear worst at Petroplus
(DBN)

______________

Health Care:

Patients detail encounters with Accretive debt collectors (video)
(DBN)

Accretive Health debt collector: Patients are ‘deadbeats,’ ‘schmucks’
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (48 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (30 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:

Rochelle on RadLax-Secured Lenders, Vitro, Harper (audio)
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Avoidance Actions:

The TOUSA decision: what it means for lenders
(DBN)

Just When I Thought I Was Out . . . Eleventh Circuit Rules in TOUSA
(DBN)

______________

Estoppel:

Judicial Estoppel revisited
(DBN)

______________

Lien Stripping:

11th Circuit Dilutes Dewsnup
(DBN)

______________

Valuation:

Mmm mmm (still)good! Five years later, the Third Circuit’s Decision in VFB LLC v. Campbell Soup Company Shows No Signs of Spoilage
(DBN)

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Mass Torts:

Mass Torts and Due Process
(DBN)

______________

Corporate Reform:

JPMorgan Leads CFTC to Consider Stronger Volcker Rule
(DBN)

Romney May Shut Down CFPB, Says Advisor
(DBN)

Rep. Frank Introduces Bill to Prohibit Insurance for Compensation Clawbacks and Civil Money Penalties
(DBN)

______________

Fraud:

Prosecutor Accuses Gupta Lawyer of Gloating Behavior; Judge Warns Against ‘Gotcha’ Games --- Gupta helped promote Rajaratnam funds: trial witness --- 'Rajat Gupta secretly served as Galleon executive'
(DBN)

GE Pays $19M in Largest Petters Clawback Settlement Yet
(DBN)

F&B agrees to pay $13.5 m to Petters bankruptcy
(DBN)

NY Mets owners' Madoff settlement OK'd by judge
(DBN)

______________

Tax:

US prosecutor in Swiss bank cases resigns
(DBN)

______________

Alternative Energy:

Electric car battery makers hit the skids --- Issues Going Concern Warning; Shares Plunge
(DBN)

Another day, another Solyndra
(DBN)

______________

UK:

Cross Border Restructuring and Insolvency Update
(DBN)

UK manufacturing PMI suffers steepest fall in 20 years
(DBN)

______________

EU:

Euro-Area Unemployment Reaches Record 11% --- Joblessness hits highest ever level in March, April
(DBN)

That European Youth Unemployment Report You Can't Take Your Eyes Off Of
(DBN)

A Terse Warning for Euro States: Do Something Now
(DBN)

Deepening crisis forces Merkel to re-examine euro taboos
(DBN)

Goldman Sees Opportunity in Eurozone Crisis
(DBN)

ECB's Draghi calls on leaders to spell out euro vision
(DBN)

Swiss Manufacturing Weakness Hints At Euro-Crisis Contagion
(DBN)

______________

PIIGS:

Spain urged to come clean on bank bailout plan --- IMF chief says no request from Spain for funding help --- IMF: No bailout plans for Spain in the works --- Spain says 70 pct of its banks will pass IMF stress tests --- IIF's Dallara: no Spanish debt restructuring --- Spain Default Swaps at Record as Bond Risk Increases in Europe --- Geithner warns Spain
(DBN)

Greek Euro Exit Risks Uncontrollable Contagion, SocGen Says --- Everyone's Buzzing About The 'Greek Drachma' That Briefly Showed Up On Bloomberg --- Greece's anti-bailout leader is calling Europe's bluff
(DBN)

Ireland faces dilemma in vote on EU's deficit-fighting treaty: Endless debt or rapid default? --- It Looks Like The Irish Public Don't Really Care About Europe

IMF head expresses regret about Greece comments
(DBN)

______________

Canada:

Karen Rideout, Trustee in Bankruptcy, Joins Bromwich & Smith’s Calgary Office
(DBN)

______________

India:

India economic growth slides to slowest since 2008
(DBN)

______________

China:

China's manufacturing sector falls sharply
(DBN)

Corruption Is Here To Stay And The Public Should Get Used To It
(DBN)

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Copyright 2012