June 14, 2012

The Daily Bankruptcy News

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Law:

The Dewey Bankruptcy : Pot Shots and Finger-Wagging --- Ex-Dewey partner sues firm's former leaders for fraud and deceit --- Ex-Dewey Partner Claims His Old Bosses Ran A 'Ponzi Scheme' --- Bankruptcy Judge Approves Dewey Budget --- Dewey Spawn Ugly Litigation? And Battling in Bankruptcy Court? But Of Course! --- UK: Dewey – could it happen here? --- Former Dewey Dubai partners take action to recover unpaid dues
(DBN)

MNAT

BigLaw Bankruptcy Lawyers Opposing Fee Transparency Are 'Out of Touch,' Editorial Says
(DBN)

Reed Smith, BuckleySandler, Nelson Mullins: Business of Law
(DBN)

Kramer Levin, MoFo, Jones Day, McDermott: Business of Law
(DBN)

An unprecedented discussion of the health care law
(DBN)

Top Firms for Women (For Money and Power)
(DBN)

I’m Jamie Dimon, and You’re Not
(DBN)

Billable Hours Poll Results: A Return To Normalcy
(DBN)

Lawyers Learn ‘Design Thinking’ in Education Trend
(DBN)

A Portrait of a Plaintiffs’ Firm: Seeger Weiss
(DBN)

Should Law Grads Be Billed as Associates Before Passing Bar? Issue Raised in Ogletree Suit
(DBN)

Law School Transparency: Time is money
(DBN)

UMass Law School Gets Provisional Accreditation from ABA
(DBN)

Columbia Law School and its successful effort to place graduates in legal departments
(DBN)

Lawyer Who Said He Cannot Competently Represent Child-Rape Defendant is Jailed for Contempt
(DBN)

Internet Companies Go for Top-Level Domains Like '.Law'
(DBN)

Review: Oral Argument by Tablit Applications -- oral argument outline for the iPad
(DBN)

Manicure Networking Is Gaining Popularity in New York
(DBN)

Should You Wear a Bikini to the Firm Pool Party?
(DBN)

Defended by Attorney Twitter Pal, Jury Foreman Escapes Court Sanction for Prolific Trial Tweets
(DBN)

Upper East Side “madam” Anna Gristina offers clues to 5 wealthy men in little black book, including “a prominent Manhattan lawyer”
(DBN)

Lawyer Who Claimed Strip Club Duped Him Now Alleges Spiked Drinks and Secret Cameras
(DBN)

Justice Department Drops Case Against John Edwards
(DBN)

A Sobriety Test, Two Days in Jail and a Lawsuit
(DBN)

Homeless man can keep the $77,000 he found (VIDEO)
(DBN)

Text message clears jury room
(DBN)

Say What?!
(DBN)

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Judges:

DA Gave Me Money, Too, Ex-Judge Testifies at Another Lawyer’s Federal Racketeering Trial
(DBN)

Seventh Circuit Slams Plaintiffs’ Lawyers in Sears Lawsuit
(DBN)

The Necessity of Clarity and Brevity in Legal Writing
(DBN)

Rakoff (yes, Rakoff)gives SEC a big boost in Citi CDO case
(DBN)

Texas: Appellate courts, State Commission on Judicial Conduct, Office of Attorney General on list of entities that must propose 10 percent budget cuts
(DBN)

Some Concrete Work a No No
(DBN)

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Wall Street:

Stock futures signal pause; eyes on Spain, Italy

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

Stocks slip as US waits for direction from Europe
(DBN)

Goldman's Blankfein "Staying Forever"
(DBN)

Wall Street's Most Eligible Bachelors
(DBN)

Ominous Sign for Wall Street: Deal-Revenue Backlog Lowest Since 2005
(DBN)

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Layoffs:

Michigan's unemployment rate ticks higher, meaning economy is holding steady
(DBN)

Hundreds of steel workers warned of layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

Prosecutors Draw 'Secret Pipeline' Pattern, Defense Asks, 'Where's the Beef?'
(DBN)

Gupta's fate may hinge on witnesses, not wiretaps
(DBN

"U.S. v Gupta" - Did prosecution blow it with closing argument claiming "overwhelming evidence"
(DBN)

Ohio man sentenced in $17M Amish fraud case
(DBN)

Petters' bankruptcy trustee files 'clawback' suit against consultant
(DBN)

Stanford Faces Possible Life Term for $7 Billion Fraud
(DBN)

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Alternative Energy:

Bankruptcy filing stalls electric car manufacturer
(DBN)

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Telecoms:

LightSquared Reaches Deal With Biggest Lenders on Cash Use
(DBN)

Nokia to Cut 10,000 Jobs
(DBN)

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Banking:

Holding Bankers Liable?
(DBN)

'Likely' JPMorgan clawbacks rare on Wall Street
(DBN)

Jim Cramer Just Had A Complete Flip Out And Called Jamie Dimon A Loser
(DBN)

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Politics:

Obama's lead in national polls has collapsed
(DBN)

The CBO Chief Totally Debunked Mitt Romney's Attacks On Obamacare Today
(DBN)

Romney's Problem with Basic Truths
(DBN)

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Compensation:

Dimon Says Clawbacks Likely for Executives Tied to Loss
(DBN)

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Economy:

Consumers Are Facing Stronger Headwinds
(DBN)

Wages Have Barely Budged Since 2008
(DBN)

University Costs Up Another 15% Since 2008
(DBN)

Weak Retail Sales Trigger Downgrades to GDP Forecasts --- Breaking Down Drop in Retail Sales
(DBN)

IEA: Cracks Have Started To Appear In The US Economy
(DBN)

5 Myths of the Great Financial Meltdown
(DBN)

Dollar falls on weak retail sales
(DBN)

Treasuries Extend Advance After Record Low Yield at Note Sale
(DBN)

Oil Prices Fall on Retail Sales, Inventories
(DBN)

Lower gas prices not enough to lift US economy
(DBN)

Pew survey shows many see China as world's leading economic power
(DBN)

U.S. Credit Rating Unlikely to Change in 2012, Moody’s Hess Says
(DBN)

Inequality: It’s Even Worse Than We Thought
(DBN)

Deficit: Five Times Greater Than Thought
(DBN)

US Debt Clock
(DBN)

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Real Estate:

What on earth is Warren Buffett thinking on ResCap?!
(DBN)

UC Irvine law students to help enforce foreclosure settlement
(DBN)

Foreclosures spike 9% in May --- Foreclosures down for 20th straight month
(DBN)

10 American Cities Struggling With Foreclosures
(DBN)

Short-sale fraud a problem for investors, mortgage servicer says
(DBN)

FHFA: Fannie, Freddie still in critical condition
(DBN)

Mortgage applications at highest in 3 years
(DBN)

Bankruptcy hearings continue for firms connected to developer Peter Mocco
(DBN)

Home Refinancing Boosts Florida, Nevada: Economy
(DBN)

5 Compelling Reasons To Flee The Market And Rent Instead
(DBN)

Buying A $500,000 Apartment Means I Basically Live In New York City For Free
(DBN)

Something Strange Is Happening In The New York Rental Market
(DBN)

The 12 Best Home Rental Markets Across America
(DBN)

The 23 Most Expensive Homes For Sale In Florida
(DBN)

Value Index Rises
(DBN)

House Hunters Show is a Fake
(DBN)

The Top 5 RMBS Cases to Watch this Summer: No. 3 – ABN AMRO Bank v. Dinallo
(DBN)

____________

Banking:

Dimon Fires Back at 'Complex' System in Senate Grilling
(DBN)

Highlights From Jamie Dimon’s Day in Washington
(DBN)

Washington Reacts to Jamie Dimon’s Appearance
(DBN)

Jamie Dimon on How He Would Regulate the World
(DBN)

JPMorgan CEO Tells Senate Committee Volcker Rule 'Unnecessary' --- Dimon Gives Regulators New Ammunition for Tougher Volcker Rule
(DBN)

Dimon in DC Preserves Wall Street’s Black Box
(DBN)

100 Regulators Missed JP Morgan's Crisis
(DBN)

Five Questions for Jamie Dimon
(DBN)

______________

Aviation:

AMR bankruptcy talks resume
(DBN)

US Airways plans antitrust filing to boost AMR bid --- US Airways to seek regulator approval for AMR merger
(DBN)

American Airlines Wins Order Blocking Union Election
(DBN)

Hey fliers: You can't have it all
(DBN)

Of All Airline Fees, Which Is Most Hated by Travelers?
(DBN)

The Best And Worst Airlines In America
(DBN)

How Southwest Keeps Making Money In A Brutal Airline Industry
(DBN)

Top Customer Ratings Go to 'Low-Cost' Airlines With Fewest Fees
(DBN)

______________

Celebs:

Danielle Staub's bankruptcy: Post-'Real Housewives,' mortgage woes, legal fees, discount shopping
(DBN)

______________

MF Global:

Dimon Says 'No Hiding' in Return of MF Global Funds
(DBN)

______________

Municipalities:

Detroit avoids bankruptcy after judge tosses lawsuit over fiscal deal
(DBN)

Pontiac residents hate emergency manager but prefer it to bankruptcy and believe things are improving
(DBN)

Moody's sees rising odds of default by Stockton, California
(DBN)

Illinois Town Whose Comptroller Is Accused of Embezzling $53M Blames Auditors in Civil Suit
(DBN)

Can Woonsocket be Spared from Bankruptcy ?
(DBN)

2nd RI city facing receivership after tax stalls
(DBN)

Houston Council Member: Default on Pensions!
(DBN)

______________

IP:

Judge Denies Kodak's Bid to Declare Apple Doesn't Own Patents --- Kodak can't dismiss Apple's claims on patents, gets clearance to sell those patents regardless
(DBN)

______________

Gas Cans:

Beleaguered gas can manufacturer Blitz USA closing down
(DBN)

______________

Corporate Governance:

WPP Investors Vote Against Pay Package of CEO
(DBN)

Bad News for Allergan--and First-To-File Plaintiffs--in Delaware Derivative Ruling
(DBN)

______________

Gambling:

Five bidders vie for the still steaming carcass of Federated Sports + Gaming
(DBN)

______________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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 Dynegy, Residential Capital, Eastman Kodak: Audio
(DBN)

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Bankruptcy Statistics:

Small-business bankruptcies down in Sacramento region
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Executory Contracts:

Delaware Court Holds that Contract Remains “Executory” Notwithstanding Prepetition Breach
(DBN)

______________

Discharge:

Eleventh Circuit Upholds a Bankruptcy Court’s Exclusive Jurisdiction to Enforce its Own Chapter 11 Discharge Injunctions
(DBN)

______________

Avoidance Actions:

The tale of two TOUSAs
(DBN)

______________

Guarantees:

The Fallout From Cherryland - Will The Non-Recourse Carve-Out Guaranty Ever Be The Same Again?
(DBN)

______________

History:

Bankruptcy's Living History
(DBN)

______________

Insurance:

Intersections of Bankruptcy Law and Insurance Coverage Litigation
(DBN)

______________

Autos:

Obama's union bailout bad for car business --- Study: Feds Favoring UAW in Auto Bailout Cost Taxpayers Extra $26.5B
(DBN)

GM Canada: Calls for Cutting Hourly Wages
(DBN)

Saab to Become Maker of Electric Cars
(DBN)

GM, Opel in Talks to Shut Bochum Factory
(DBN)

______________

Glass:

Vitro's Mexican Bankruptcy Has New York Hedge Funds Screaming Caramba!
(DBN)

______________

Accounting:

BDO Seidman to Pay $50 Million in Deferred Prosecution Deal Over Tax Fraud
(DBN)

______________

Agriculture:

Judge Puts Out Marijuana Grower's Chapter 11 Case
(DBN)

______________

Pensions:

Fund lawyers want $1.2M
(DBN)

______________

Health Care:

Court to determine hospital building's fate
(DBN)

Blame This Super Secret Committee For Your High Doctor's Bill
(DBN)

______________

Treasure:

Controversial Treasure Hunter Files for Bankruptcy , Changes His Mind
(DBN)

______________

Celebs:

Warren Sapp Tells All: Favre, Keyshawn, Dilfer, Hall of Fame, Bankruptcy
(DBN)

______________

Oil/Gas:

Credit Suisse: Oil Could Fall to $50
(DBN)

______________

Cross-Border:

U.S. Bankruptcy Court Agrees to Enforce Vitro S.A.B.'s Mexican Plan of Reorganization --- Vitro Bondholders Defeat Bankruptcy Plan Enforcement in US --- US judge will not enforce Mexican glassmaker restructuring
(DBN)

______________

UK:

Irish property pair seek to file for bankruptcy in UK
(DBN)

Westlife's Shane Filan is the latest star declared bankrupt --- Speaks of bankruptcy agony
(DBN)

______________

EU:

Merkel Says Germany Will Lead Crisis Fight
(DBN)

Europe Has Done Nothing So Far Except Weaken Itself
(DBN)

Swiss threaten new steps on franc if euro woes worsen
(DBN)

France Caps Pay at State Firms at $560,000
(DBN)

IMF Head: Less Than 3 Months to Fix Euro Zone
(DBN)

______________

PIIGS:

Italy's Monti seeks political unity amid market turmoil --- Italian Bond Yields Spike Sharply at Auction --- Germany Warns Italy Over Crisis
(DBN)

Spanish Yield Hits New High --- Spain's Gigantic Debt Problem --- EU's Almunia sees closure of one Spanish bank --- Why Spain's Bank Bailout Plan Is Awesome --- Spanish Banks' Net ECB Loans Jump to Record 288 Billion Euros --- Zombie borrowers threaten bailed-out Spanish banks
(DBN)

Credit Agricole Seeks Greek Imbroglio End as Euro Exit Looms --- Could Abandon Greek Unit If Greece Exits Euro --- Mulls letting Greek unit fail --- The Greeks have learned a dangerous lesson --- The Lobby Of The Athens Hilton Is Freakishly Quiet --- Moody's : Spain's credit rating could be cut to junk within three months --- Greece's Unemployment Rate Just Got A Lot Worse --- Dread and Uncertainty Pervade Life in a Diminished Greece
(DBN)

______________

Germany:

More young Germans going bankrupt
(DBN)

______________

Mexico:

Timeframe for filing proof of claim in bankruptcy found unconstitutional
(DBN)

______________

China:

Heaven Help Us If The Rest Of China Crashes As Hard As Wenzhou
(DBN)

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Copyright 2012