June 11, 2012

The Daily Bankruptcy News

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Law:

The Trouble With Bankruptcy Lawyers --- It's actually not that much fun saying, "we told you so."
(DBN)

Citing Dewey, firms seek clarity in bankruptcy law --- New York City Bar to provide career help to Dewey employees --- Dubai court to wind up US law firm --- Morgan Lewis hands London leadership role to ex-Dewey head Sharp
(DBN)

MNAT

Lawyer on Maternity Leave Brings Baby to Court When Trial Delay Is Denied
(DBN)

Yay! We're Number Two!
(DBN)

The Best Top Legal Executives Exude Calm and Act Decisively, Study Says
(DBN)

Unusual sanction by bankruptcy judge
(DBN)

Lawyer who trashed bankruptcy judge must pay fine, but gets easier payment plan
(DBN)

Davis Polk Wins "Major Legal Victory" for Mets Owners in Madoff Litigation
(DBN)

Rod Rosenstein, U.S. attorney for Maryland - “We don’t do fishing expeditions”
(DBN)

An Ambassadorial Nominee and Ex-SCOTUS Clerk’s Racy Emails
(DBN)

Defense Lawyers Waiting, Patiently, for White-Collar Rebound
(DBN)

When the New Normal Was New
(DBN)

Law School Transparency: Two out of three 2011 law school graduates did not get real legal jobs
(DBN)

Job Market Gets Even Worse for Law Grads --- Jobs Data Shows 18-Year Low
(DBN)

Four reasons why the revolution petered out
(DBN)

Harvard Law Prof’s Question for Law Grads: What the Hell is Being a Lawyer For?
(DBN)

Let’s Watch Law Students Argue About Who Makes Their School Look Worse
(DBN)

An Update on Georgetown Law’s Sandra Fluke
(DBN)

Colorado Prof. Churchill Gets His Day In Court
(DBN)

Judge reject's Cooley's ABA/NALP defense in fraud case
(DBN)

Cornell law school gets $25 mln endowment gift
(DBN)

Will Success Spoil the Chicago School?
(DBN)

Working In-House From Your Own House
(DBN)

Is This Person Looking for a Summer Intern or a Summer Fling?
(DBN)

Friendly Biglaw Partner Accused Of Helping Minors Get Drunk
(DBN)

"Far More Than A Love Tap" Gets Attorney Suspended
(DBN)

Illinois Attorney Is Accused of Overbilling Client for Document Review
(DBN)

Thieving lawyers face jail in UK, Ireland and US
(DBN)

Playboy lawyer launches new advertising campaign
(DBN)

Ex-Attorney Won Acquittal in Client Theft Case, But Gets 45 Months for Obstruction re Faked Docs
(DBN)

600 Flimflammed Attorneys and Law Firms Complained of Losing $16M Since 2007
(DBN)

Vampire High Priest Loses Religious Civil Rights Case
(DBN)

Boston Lawyer Found Guilty on Seven Money Laundering Counts
(DBN)

Things That Exist, Vol. 3: The Capitol Flag Program
(DBN)

Lawyer Seeks ‘Fair and Reasonable Sum’ After His Client Gets Notorious Number
(DBN)

Cannibalism is bad
(DBN)

It Took 52 Brave Cops To Kill Him
(DBN)

CA-Born Muslim Man On No-Fly List Forced To Re-Enter US On Foot
(DBN)

'Subway Psycho' throws woman on tracks
(DBN)

Cops: Woman busted making meth in purse at Walmart
(DBN)

Escape from Alcatraz: The Hunt Is On
(DBN)

"When was the First Amendment adopted?"
(DBN)

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Judges:

Judge Apologizes for Long Smoke Breaks, Religious Comment
(DBN)

Justice Kennedy Remains ‘The One Key Vote’ On the Supreme Court
(DBN)

One New York Judge Is Holding Her Ground Against The Biggest Names In Government
(DBN)

Nev. Judge Faces Discipline Case, Accused of Keeping Jury, Court Staff on Job for Nearly 18 Hours
(DBN)

Poll Finds Declining Approval for Supreme Court, Opposition to Lifetime Tenure --- Dissents undermine the highest court --- The 18-Year Bench
(DBN)

How the Sausage Is Made
(DBN)

Undoing health law could have messy ripple effects
(DBN)

The Supreme Court's unpopularity could help Obamacare
(DBN)

Young firm specializes in the business of lobbying for federal judges
(DBN)

Jed Rakoff: This trial the judge is the star
(DBN)

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Wall Street:

Stock futures point to higher open
(DBN)

Stock market posts best week of 2012
(DBN)

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Layoffs:

Forced to Early Social Security, Unemployed Pay a Steep Price
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Celebs:

RI eyeing liability in Schilling firm bankruptcy
(DBN)

LA judge denies Dykstra motion to dismiss bankruptcy fraud case
(DBN)

The Broke and the Beautiful: N.J. 'Real Housewife' Danielle Staub Enters Bankruptcy
(DBN)

Actor Kevin Costner Testifies in Fraud Case
(DBN)

Singer Lauryn Hill speaks out on tax evasion charge
(DBN)

Octomom's home auction postponed
(DBN)

______________

Aviation:

Sky-high stakes in airline bankruptcy
(DBN)

American Airlines: restructuring could slip if labor talks drag
(DBN)

AMR Says ‘Very Focused’ on Restructuring as Independent Company
(DBN)

Key revenue measure rises at American Airlines
(DBN)

REDjet signals closure, seeks bankruptcy protection
(DBN)

Hawker Beechcraft bid deadline up
(DBN)

Airone Ventures files for bankruptcy
(DBN)

KLM seeks confidence signal from leaders over crisis
(DBN)

Group: Europe airlines could lose $1.1B this year
(DBN)

______________

Municipalities:

Harrisburg bankruptcy debate rises as expiration date for state law nears
(DBN)

It had to be done
(DBN)

Revised Recovery Plan rejected by Scranton City Council
(DBN)

CA: Senate must reject bankruptcy bill that's a gift to unions
(DBN)

Stockton calls audit an unneeded distraction --- Stockton Credit on “Negative Watch”
(DBN)

Tuesday's first round of sewer public hearings gives Jefferson County residents a chance to weigh in on possible rate increases
(DBN)

Bankrupt Alabama county's computers fail
(DBN)

Central Falls receivership cost climbs
(DBN)

City officials: Detroit will go broke in a week if consent deal lawsuit isn't withdrawn --- State throws high, hard one at Detroit --- Detroit's city attorney oversteps authority
(DBN)

When Local Gov'ts Sell Off State Parks
(DBN)

_____________

Religion:

Fees in archdiocese bankruptcy case reach $4 million
(DBN)

______________

Golf:

Theft accusations add latest twist to Trinitas saga
(DBN)

______________

Tax:

Swiss minister sees US tax deal by Nov
(DBN)

Going after tax cheats
(DBN)

Liechtenstein Informs Clients of Oldest Bank of U.S. Tax-Evasion Request
(DBN)

______________

Economy:

Wholesalers’ Inventories Jumped in April
(DBN)

Recap: Obama Remarks on Economy --- ‘Doing Fine’ Overshadows Obama-Romney Ad Fight --- What really happened to the private sector under Obama --- Romney Pounces -- Is He Being Fair?
(DBN)

The "American Dream" Is Now A Myth
(DBN)

Era of Cheap Money, but Consumers Shut Out
(DBN)

Has Globalization Really Been Good For America's Middle Class?
(DBN)

Why Hasn't the Recovery Kicked In?
(DBN)

Wall Street to Lobby Against Fiscal Cliff
(DBN)

Global Stall Speed? Imports, Exports Both Post Declines - US Business News - CNBC
(DBN)

'It Is Not Possible' To Keep Taxes Low And Avoid Entitlement Cuts
(DBN)

The Recovery's Fate, Back in Consumers' Hands
(DBN)

Cost to lunch with Warren Buffett: $3.5 million
(DBN)

Inequality Has Increased in Income and Consumption, Economists Argue
(DBN)

Corporations Not Hoarding Cash
(DBN)

Cities crack down on homeless
(DBN)

America's Debt-To-GDP Ratio Over The Last 100 Years
(DBN)

Fed Poet’s Society: NY Fed Looks at Poetry in Policy
(DBN)

Bank Economists See Moderate U.S. Growth but Significant Risks
(DBN)

Poll: Fed’s Low Interest Rates Breed Anxiety Over Retirement
(DBN)

Everything You Remember About The 1990s Is Wrong
(DBN)

Companies With More Than One Office Are Dangerous Investments
(DBN)

UN to take up 'global Internet tax' proposal
(DBN)

How Europe's Debt Crisis is Affecting the US --- Obama: Europe Faces Tough Decisions
(DBN)

GM execs worried about governments' slice of the pie
(DBN)

FactCheck: Coming Tax Hike Not Largest Ever
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Buffett sells ResCap bonds --- ResCap Chief Expects Competing Bids for Mortgage Assets
(DBN)

Continuing Real Estate Receiverships Post-Petition
(DBN)

U.S. Agency to Sell Off Loans to Stem Foreclosures
(DBN)

New bill directs GSE, FHA principal reduction programs
(DBN)

Obama Housing Fix Faltered on Carrots-Not-Sticks Policy
(DBN)

Wary Homebuyers Are Taking The Wait And See Approach
(DBN)

As Fraudclosure Continues, County Clerks Take Up Cudgel
(DBN)

Miami Home Sales Cool, Unless You Spend Millions
(DBN)

Atlanta: Home Sales Up, Prices Still Plummet
(DBN)

Ruling may allow Prium to void bankruptcies
(DBN)

The 10 Best Cities For Buying Bank-Owned Homes
(DBN)

The joys of renting in NYC -- Help! I Just Handed Over $20K Without A Signed Lease
(DBN)

Woman Hires Family To Liven Up For-Sale Home, Now She Can't Enter Her Own Property
(DBN)

Three Attorneys Looking at Hard Time
(DBN)

____________

Banking:

Bankers can't always hide behind bad legal advice
(DBN)

Four Banks Collapse In Four States – 2012 Bank Failures Total 28 --- Waccamaw Bank, Whiteville, NC --- Farmers and Traders State Bank, IL --- Carolina Federal Savings Bank, Charleston, SC --- First Capital Bank, Kingfisher, OK
(DBN)

US Cost of Overdraft Fess? $29.5 Billion a Year
(DBN)

WMI Liquidating Trust Announces Interim Distribution
(DBN)

Checking accounts still too confusing and expensive, study finds
(DBN)

Citi: Really, We’re Much Stronger Than We Used to Be
(DBN)

UBS May Have Trading Loss of $350 Million
(DBN)

Bankers dare to hope as non-viability gets airing
(DBN)

 

______________

Corporate Governance:

Chesapeake Investors Punish Board Amid 'Collapse' in Confidence --- Historic Revolt --- 'Tainted' Chesapeake Hears Rising Calls to Dump McClendon --- A Review of the Court Ruling Denying Delay of Chesapeake's Annual Meeting
(DBN)

Shareholder spring? Not so much
(DBN)

______________

Media:

Judge in Tribune Co. bankruptcy case holds off ruling on restructuring plan --- Tribune bankruptcy judge to write opinion on restructuring plan --- May Rule on Bankruptcy Exit Plan by July
(DBN)

Tribune Creditors Focus on Post-Bankruptcy Lawsuits
(DBN)

_____________

Awards:

Sidley Austin Named Bankruptcy Team of the Year
(DBN)

______________

Orchestras:

Fees limit in Orchestra's bankruptcy to rise
(DBN)

______________

Debt Collection:

Phantom debt collectors from India harass Americans, demand money
(DBN)

How a Sunday Afternoon Phone Call Saved a Collection Agency’s National Reputation
(DBN)

State Opinion Deems Sending Collection Letters as the Practice of Law
(DBN)

______________

Steel:

Wheeling company bidding for parts of RG Steel's properties
(DBN)

______________

Corporate Reform:

Tribes To CFPB: This Means War
(DBN)

______________

Video Games:

Leominster's Salvatore one of many Curt Schilling owes
(DBN)

What's next for 38 Studios? --- Stiffed by 38 Studios
(DBN)

R.I. EDC changes lawyers in midst of 38 Studios bankruptcy case
(DBN)

Owe no: Schilling may not be so much on the hook
(DBN)

Rhode Islanders react to 38 Studios bankruptcy
(DBN)

RI, feds probing all finances of Schilling company
(DBN)

______________

MF Global:

Anger and loss of trust follow US bankruptcy
(DBN)

Trustee Sees Customers Trampled at MF Global
(DBN)

______________

Mass Torts:

House committee passes asbestos trust information bill --- U.S. Chamber Commends Judiciary Committee Passage of Asbestos Trust Transparency Bill
(DBN)

______________

Politics:

Obama Camp Fires Back at Romney Over Jobs
(DBN)

Obama Battles Romney Over Who Is Most in Touch on Economy
(DBN)

Economists Hammer Romney's Jobs Plan
(DBN)

Axelrod Plays Down Impact of Obama ’Doing Fine’ Remark on Voters
(DBN)

The Charts That Will Get Obama Reelected
(DBN)

Fundraising Getting ‘Very Easy’ for Romney
(DBN)

Scott Walker: Mitt Romney Got The 'Message Of Wisconsin' Totally Wrong
(DBN)

Race will come down to 5 states
(DBN)

Data mining 'reaches so far beyond anything politics has ever seen'
(DBN)

Florida pastor hangs Obama in effigy in church front yard
(DBN)

______________

Student Debt:

Congressional Clash Over Student Loans
(DBN)

Glimmer of Hope for Student-Loan Compromise
(DBN)

Student Loan Collections: The Big Issue Wrap-Up
(DBN)

Student billed after 40 years
(DBN)

Ignore the debt hype. College is a great investment
(DBN)

______________

Photography:

Kodak 2nd-liens lenders seek discovery as Apple patent dispute heats up
(DBN)

Kodak to lay off 79 workers at Eastman Park
(DBN)

_____________

Credit Reporting:

German credit agency social networking plan stirs Big Brother fear
(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 (37 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (50 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:

Bankruptcy Week Ahead
(DBN)

Rochelle on Lehman-Barclays, Strauss Auto, Fewer Filings: Audio
(DBN)

______________

Bankruptcy Statistics:

WD NY: Bankruptcy filings up 3.2% from a year ago
(DBN)

NH bankruptcies continue decline
(DBN)

Equifax Reports Business Failures On The Decline
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Plan Confirmation:

A Dollar Today Is Worth More Than a Dollar Tomorrow and Other Lessons on “Indubitable Equivalence”
(DBN)

______________

Avoidance Actions:

TOUSA’s Transeastern Lenders File Petition for Rehearing En Banc in Eleventh Circuit
(DBN)

______________

Labor:

The Devil (Dog)® is in the Details: Bankruptcy Court Denies Hostess’s Motion to Reject Collective Bargaining Agreements on Narrow Factual Grounds
(DBN)

______________

Insurance:

Clico Liquidator Facing $52m Trinidad Grilling
(DBN)

Judge won't hear from witnesses in MBIA case: Which side benefits?
(DBN)

To Encourage the Others?: Imposing Personal Liability for Corporate Fines on Individual Officers
(DBN)

______________

Health Care:

Desai ordered to answer questions in bankruptcy case
(DBN)

SCOTUS Obamacare ruling: "Like seeing your mother-in-law go over a cliff in your new Lexus"
(DBN)

Northern Berkshire Healthcare in Massachusetts Emerges From Bankruptcy
(DBN)

______________

Alternative Energy:

House Republicans Step Up BrightSource Probe
(DBN)

______________

Fraud:

Gupta ‘Highly Likely’ to Take the Stand, Lawyer Says --- Gupta Won’t Testify at Trial, Lawyer
(DBN)

Prosecutors Sharpen Gupta Case
(DBN)

Lloyd Blankfein’s Week Under Oath --- Wasn’t a Killer Witness, But he Made Some Killer Jokes
(DBN)

NY Times Column Criticizing Madoff Trustee Flawed on Many Levels
(DBN)

Attorney Accused in Giant Ponzi Scheme
(DBN)

New rulings may shield banks in Ponzi litigation
(DBN)

Ex-National Lampoon CEO Durham Faces Trial Over Fair Finance Co.
(DBN)

Wealthy CEOs' Involved in More Fraud
(DBN)

______________

Forest Products:

Sino-Forest sale plan wins more debtholder backing
(DBN)

______________

Autos:

GM Bailout Still Fuels Automotive Politics
(DBN)

GM Stock Price Worries More Than Investors
(DBN)

GE May Cut Exposure to Financial Services
(DBN)

Delphi Retirees Get Docs for Pension Case
(DBN)

Sweden set to run Saab parts unit after bankruptcy
(DBN)

Chinese carmaker Youngman ups bid for Saab
(DBN)

Ford Latest Rising Angel to Sell Investment-Grade Debt
(DBN)

______________

Food/Beverage:

Multi-million PACA case developing against family
(DBN)

10 Awesome Rooftop Bars In New York City
(DBN)

______________

Accounting:

Ernst & Young dismissed from IndyMac shareholder case
(DBN)

______________

UK:

Insolvency firms 'mis-selling to vulnerable Scots debtors'
(DBN)

American Greetings wins Clinton Cards bankruptcy auction --- Clinton Cards administrators sell 400 stores and close 56
(DBN)

UK and Europe languish in a 'zombie bank' malaise
(DBN)

Payments For Creditors To Vote For Proposals Held Not To Be Bribes
(DBN)

UK prime minister leaves daughter in pub
(DBN)

______________

EU:

Europe Needs a German Marshall Plan
(DBN)

Borrowing by Banks Plagues Europe Despite Aid for Spain
(DBN)

Reaction to Spain Aid Will Set Euro's Path
(DBN)

After Spain, Europe Still Faces A Gigantic Problem
(DBN)

The One Thing You Never See In Europe: Bank Failures
(DBN)

A Thousand Miles Behind
(DBN)

End of an era looms as EC acts on bail-ins
(DBN)

Spain Bank Rescue May Be Brief Respite
(DBN)

Germany, Not Greece, Should Exit the Euro
(DBN)

______________

PIIGS:

Spain's Rajoy at center of bank bailout firestorm --- Rajoy presents Spain bailout as 'victory' --- EU affirms that there are conditions attached to the Spanish banking bailout --- Spanish leader praises bank rescue — then heads for 'Debt Derby' ---Eurozone agrees to lend Spain up to $50 billion $125 billion --- Skeptical Spaniards pour scorn on Prime Minister --- Spain's biggest hurdle to a bank recovery: public distrust --- Goldman On The Spanish Bailout: 'Not Enough' --- Spanish Bondholders to Rank Behind Official Loans After Bailout --- Spain still vulnerable post mega bank bailout --- Spain is bailed -- but questions remain --- The two questions that everyone has about Spain --- A Major Spanish Government Bailout Claim Is Already Falling Apart --- Spain's Negotiating Strategy: No, No, No, No And No --- Sovereign, Corporate Bond Risk Falls After Spanish Bank Rescue
(DBN)

Greek elections next weekend pose a crucial dilemma for voters - Q&A --- Greek Far Left: We Want Better Terms, Like the Spanish --- Austerity party gains from fear of the unknown --- Greek party leaders trade blows over Spain bank bailout --- The Greek Fascist Politician Who Punched A Woman On Live TV Is Planning To Sue --- A Dysfunctional Nation --- Greek high yield bond issuers face rough road to refinancing, regardless of June 17 outcome --- Greek Electric, Gas Utilities Ask Banks for a Bailout Too --- The Best Outcome For Greece Would Still Be Absolutely Horrible For The Greeks --- Moody’s: Greek Eurozone Exit Could Kill the Euro --- Can’t Compete, Greece Nears Rock Bottom in EU
(DBN)

______________

Germany:

Safe-haven Germany sells six-month bills at low interest rate
(DBN)

______________

China:

China data calm calls for big stimulus
(DBN)

The Chinese Kleptocracy Is Like Nothing Ever Seen In Human History, And This Is How It Works --- China bank executives facing probes as corruption investigations spread
(DBN)

Why Everyone's Suddenly Freaking Out About China
(DBN)

China's Economy: Not All That It Seems
(DBN)

______________

Canada:

Kennedy says mill on 'verge of bankruptcy '
(DBN)

Canada Only Adds 7,700 Jobs in May
(DBN)

Toronto braces for a deflating condo bubble
(DBN)

______________

Vatican:

Vatican bank has no secret accounts, official says
(DBN)

Vatican bank's former president accused of negligence --- Intrigue mounts over ouster of Vatican bank chief
(DBN)

______________

BRICs:

India may become first BRIC to lose investment-grade rtg
(DBN)

______________

MENA:

Iran in Pain as Oil Revenues Drop 39%
(DBN)

Egypt's revolution is in 'intensive care'
(DBN)

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Copyright 2012