June 12, 2012

The Daily Bankruptcy News

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Law:

Katten Adds Premier Team of Restructuring, Finance Attorneys
(DBN)

MNAT

Life after Dewey & LeBoeuf --- Dewey's Jeffrey Kessler: Stars in Their Eyes --- Former Dewey City chief to co-manage Morgan Lewis's London base -- Dewey & LeBoeuf is an insolvency test case for DIFC
(DBN)

Kirkland, Skadden, Hunton, Baker & McKenzie: Business of Law
(DBN)

More Than 50 Would-Be Associates Have Now Applied for $10,000-a-Year Boston Law Firm Job --- Gilbert O’Bryan, LLP
(DBN)

SJ Berwin champions 'One Firm' approach in bid to foster cross-referrals
(DBN)

The Practice: Creating Time
(DBN)

Petters trustee files 'clawback' against NY lawyer
(DBN)

On Lawyers’ Business Plans
(DBN)

Apple Updates Mobile Operating System
(DBN)

The Law Clerk Hiring Plan, R.I.P.
(DBN)

A&O cuts partners in Hong Kong amid regional market slowdown
(DBN)

Cooley Law Will Say Anything To Justify Its Behavior
(DBN)

At Least 10 Law Schools Plan to Reduce Incoming Classes
(DBN)

Law School Transparency: Smart Money
(DBN)

Living With A Future Murder Defendant: Stephen McDaniel’s College Roommate Tells All
(DBN)

Why Companies Should Know Where in the World Cloud Data Is Stored
(DBN)

Lawsuit of the Day
(DBN)

Pro Se Filing of the Day: Jonathan Lee Riches v. The Kardashian Sisters
(DBN)

In-House Legal Chief Is Accused of Creating Fake Law Firm and Sending It $9M in Payments
(DBN)

Lawyers Say They Lost Millions to Con Artist Working as Elite Security Consultant
(DBN)

Suspended Attorney Faces 10 Malpractice Claims; Ex-Clients Say He Said He Filed Suit, But Didn’t
(DBN)

Convicted Car Burglar Given a Break Exits Court and Smashes Window of Judge’s Vehicle
(DBN)

Employer of the Year
(DBN)

New York Principal Bans Playing Of “God Bless The USA” At School Ceremony
(DBN)

Say What?!
(DBN)

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Judges:

Benchslap of the Day: You Were Late for a Very Important Date, Deal with It
(DBN)

The Obamacare Opinion Will Be Disappointing
(DBN)

O'Connor and Her Clerk
(DBN)

Obamacare, Citizens United, and the Supreme Court’s Independence
(DBN)

The Supreme Court Has A Legitimacy Crisis, But Not For The Reason You Think
(DBN)

Law Firm Website Can’t Include Judges’ Comments
(DBN)

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Wall Street:

US stock futures choppy as investors eye Europe
(DBN)

With Much Unclear on Spain Rescue, Markets Yo-Yo
(DBN)

US markets dip as Spain bailout euphoria subsides
(DBN)

Stocks fall; Spain rescue seen as 'temporary fix'
(DBN)

Why Wall Streeters Are Packing Up In Droves And Moving To Singapore
(DBN)

Wall Street's Hidden Europe Risk
(DBN)

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Layoffs:

Private-Sector Employment Survey Sees a Break in the Clouds
(DBN)

US employers upbeat on hiring: Manpower
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

AMR's Horton says labor talks biggest impediment to bankruptcy exit
(DBN)

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

Airline shares down on economic worries
(DBN)

TWU: We met Monday, we'll meet Tuesday
(DBN)

Buyers Show Interest In Hawker Assets
(DBN)

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Telecoms:

LightSquared Says Agreement Reached to Get Bankruptcy Loan --- Negotiating Cash Use --- LightSquared loan talks
(DBN)

LightSquared Gets Politicians to Beg for Spectrum Swap
(DBN)

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Auto Transport:

Allied Systems Files for Court Protection --- Initiates Financial Restructuring
(DBN)

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Health Care:

Arent Fox Distressed Health Care Report | Iss. 1, Vol. 1
(DBN)

The Last Thing This Country Needs Is More Doctors
(DBN)

Insurers Moves Show No Turning Back on U.S. Health Law
(DBN)

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Alternative Energy:

BrightSource Eyes 500-MW Solar Trust Plant In Ch. 11 Auction
(DBN)

Shaky Battery Maker Claims a Breakthrough
(DBN)

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Pensions:

What To Do About Those Underfunded Defined Benefit Plans?
(DBN)

No more NMI retirement system on Oct. 1
(DBN)

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Student Debt:

Handling Academic Transcripts When Faced With Bankruptcy Petition
(DBN)

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Radio:

Pocono radio stations now in the hands of creditors
(DBN)

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Bankruptcy Crimes:

Virginia Man Pleads Guilty in Bankruptcy Fraud Scheme
(DBN)

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Economy:

Family net worth plummets nearly 40%
(DBN)

Bond Sales in U.S. Revive as Spain Bailout Opens Issuance Window
(DBN)

Global stocks, euro off on Spain bank bailout uncertainty
(DBN)

Fleckenstein: The Stock Market Is A Farce And The Spanish Bailout Was An 'Airball Of An Idea'
(DBN)

Slumping Economy Hits Nobel Prize
(DBN)

Retirement age must rise - OECD
(DBN)

Zombie apocalypse? Economic zombies thrive off of state spending
(DBN)

5 Shocking Predictions About Your Retirement
(DBN)

US Debt Clock
(DBN)

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Real Estate:

US Trustee objects to ResCap sales procedures
(DBN)

Buffett's Berkshire Seeks to Buy Rescap's Mortgage Unit
(DBN)

S&P rates Residential Capital DIP loan
(DBN)

The State Of The Housing Market
(DBN)

Hazelrigg says he has $1.2M in assets, owes $149.3M --- Mastro associate tells court he's broke
(DBN)

8 Hamptons Mansions You Can Buy At A Discount
(DBN)

Tenant Who Didn’t Pay Rent Since 2003 Can’t Be Evicted Because of Code Violations, NY Top Court Says
(DBN)

Commercial Mortgage Repeat Defaults Poised to Increase, RBS Says
(DBN)

The Top 5 RMBS Cases to Watch this Summer - No. 5 --- No. 4
(DBN)

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Banking:

JPMorgan's Jamie Dimon to testify before Congress, but Wall Street shrugs it off
(DBN)

DE Court Blocks Sale Of Bank Stripped Of Its "Criticized Assets"
(DBN)

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Newspapers:

Freedom Communications completes sale of assets following bankruptcy
(DBN)

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Steel:

Workers Say World Trade Steel Supplier's Survival on the Line
(DBN)

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Municipalities:

In Stockton Bankruptcy , Pensions May Not Be Cut
(DBN)

State: No bailout for Scranton
(DBN)

Jefferson County plans public hearing on rate hikes
(DBN)

Detroit Lawsuit Threatens Aid Package --- Mayor: Lawsuit could cause Detroit to go broke
(DBN)

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Retailing:

Bankrupt Roomstore retailer selling assets
(DBN)

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Celebs:

Manson family member: LAPD shouldn't possess bankruptcy tapes
(DBN)

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Photography:

Kodak seeks OK to ink new deal with Carestream
(DBN)

Kodak Could Jumpstart Patent Sale To Raise Cash
(DBN)

Kodak Seeks Court Approval for Confidential Patent Auction Plan
(DBN)

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Jewelry:

Wesche Jewelers Files for Chapter 11
(DBN)

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Religion:

Prince George's church led by Muse files for bankruptcy protection
(DBN)

Israel's Richest Rabbi Is Thought To Be Worth $335 Million
(DBN)

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Fraud:

Opening arguments set up Fair Finance criminal trial issues
(DBN)

Old friends testify for Gupta at NY insider trial
(DBN)

Gupta Prosecutor Uses Cross-Examination to Challenge ‘Wrong Man’ Defense
(DBN)

Former DC City Council chairman pleads guilty to bank fraud
(DBN)

Audit firm Moss Adams fires back at attorney in Darren Berg Ponzi lawsuit
(DBN)

Rothstein allegations hit Southern Grouts & Mortars
(DBN)

$200M investment fraud trial begins in Indiana
(DBN)

Attorneys Must Answer for Role in Bringing Failed Fraud Case
(DBN)

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Metals:

Bankrupt aluminum maker ZALCO sold to Dutch, US firms
(DBN)

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Corporate Governance:

Once reticent,institutional shareholders are now questioning lavish pay packages & corporate governance
(DBN)

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Horse Racing:

Indianapolis Downs pursues reorganization plan, but keeps sales hope alive
(DBN)

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Consultants:

KPMG Bolsters Company Turnaround Practice with Four Senior Appointments
(DBN)

AlixPartners Appoints Lioliakis as Managing Director, Financial Svs
(DBN)

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Auto Parts:

Salus Capital Partners Closes $10 Million DIP Loan for Strauss Auto
(DBN)

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Orchestras:

Judge: Philly orchestra can leave bankruptcy soon
(DBN)

Philly Pops seeks to end conductor's contract
(DBN)

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Autos:

Swedish-Chinese businessman buys SAAB
(DBN)

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Non-Profits:

Tri-Valley Community Foundation in deep debt, looking to close
(DBN)

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Rating Agencies:

Rating agencies don't have to lie to be liable
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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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Miscellaneous:

Rochelle on Horses, Kodak, Strauss Auto, Birds: Audio
(DBN)

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Bankruptcy Statistics:

May Bankruptcy Filings Decrease
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Valuation:

Valuation Research may face Tribune litigation
(DBN)

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Professional Compensation:

It’s Not Whether You Win or Lose – Texas Bankruptcy Court Holds that Professionals Provide a “Material Benefit to the Estate” Even Where Their Efforts Were Ultimately Unsuccessful
(DBN)

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Bankruptcy Reform:

Dodd-Frank's Liquidation Plan Is Worse Than Bankruptcy
(DBN)

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Litigation:

Judge OKs Use of Predictive Coding to Cut E-Discovery Document Review Group from 2 Million to 5,000
(DBN)

It's 'High Noon' for Pro Se Plaintiffs, Judge Says
(DBN)

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Insurance:

FGIC says New York agency asks to take it over
(DBN)

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Satellites:

Globalstar Faces Loan Default in Wake of Thales Dispute May Consider Bankruptcy
(DBN)

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Video Games:

Not much left from Schilling bond proceeds
(DBN)

Curt Schilling Is The 21st Century Face Of A Welfare Queen
(DBN)

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Politics:

Mitt Romney Is Still Getting Hammered For His Huge Gaffe On Firefighters, Police And Teachers
(DBN)

Trial Lawyers' Support of Republican Candidates Yields Less Than Stellar Results
(DBN)

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Food/Beverage:

The Way Americans Are Shopping For Groceries Is Truly Worrying
(DBN)

Judge orders USA Springs lender to fulfill $60m deal
(DBN)

Conway MacKenzie Steers Dippin' Dots Through Auction, Sale
(DBN)

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Debt Collection:

Aggressive Debt Collection -- Who's in Your Wallet?
(DBN)

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Defaults:

Loan default forecast edges higher in LCD’s June buyside survey
(DBN)

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IP:

How Apple and Microsoft Armed 4,000 Patent Warheads
(DBN)

Kodak Concedes Difficulty in Drawing Lead Bidder for Patents
(DBN)

Kodak Says 20 Patent Bidders Sign Non-Disclosure Agreements
(DBN)

Eastman Kodak files for auction of Digital Imaging patents
(DBN)

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UK:

Manufacturing drop entrenches recession --- Shocking Fall in Manufacturing Output
(DBN)

Taxman ramps up property searches in evasion crackdown
(DBN)

Four million taxpayers hang up on HMRC in frustration
(DBN)

UK-Liechtenstein tax disclosures bring in £363m
(DBN)

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EU:

Roubini: The Current EU Bailout Approach Is A Disaster
(DBN)

Why Markets No Longer Rally When There's a Euro Bailout
(DBN)

Spanish Bailout Shows Europe Still Doesn't Get It
(DBN)

Latest Euro Fix Will Come Undone in a Month
(DBN)

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PIIGS:

Spanish yields up on bailout doubts --- After Spain, Is Italy the Next Domino to Fall? --- Santander Downgraded; Emilio Botin Off The Billionaires List --- Market Doesn't Buy Into Salvation For Spanish Banks --- 'Beware Of The Invisible' --- Here's Why Everyone's Freaking Out That The Spanish Bailout Won't Work --- First relief in Spain...then reflection. --- Spanish bailout only muddies European waters
(DBN)

Italy stuck in recession, feels market pressure --- Austrian minister says Italy too may need bailout
(DBN)

A Humanitarian Disaster Threatens To Unfold In Greece --- Youthful rebel targets Greek establishment --- Greek politicians scramble for votes
(DBN)

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Canada:

This Is How Much One Can Of 7UP Costs In The Remote North Of Canada
(DBN)

GM to Close Canadian Assembly Line
(DBN)

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Germany:

German insolvencies are declining, but for how long? --- German Corporate Insolvencies Rise In March
(DBN)

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China:

China's economic outlook brightens
(DBN)

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MENA:

Banks approve debt payment delay for Kuwait's Global
(DBN)

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Slovakia:

Subordination of related party claims under the amended Slovak bankruptcy act
(DBN)

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Copyright 2012