June 18, 2012

The Daily Bankruptcy News

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Law:

How Dewey & LeBoeuf Became the Biggest Law Firm Bankruptcy Ever --- Dewey Data Dump --- Pensions, Patton Boggs & a Six-Week Pax Romana --- Dewey & LeBoeuf and The Law Firm Redemption --- Dewey's Richard Shutran: Running the Numbers
(DBN)

MNAT

What’s Yours is Mine, and What’s Mine is Mine? SDNY Expands the “Unfinished Business” Doctrine to Include Non-Contingency Client Matters In Possible Dewey Preview
(DBN)

"It certainly should be possible to improve fee disclosure while continuing to assure, as Congress intended, that professionals of the highest caliber will be involved in business bankruptcy cases"
(DBN)

Why Hire a Lawyer? Computers Are Cheaper
(DBN)

Davis Polk Wins a Round in Court Fight Against Landlord
(DBN)

Allen & Overy, Freshfields, O’Melveny: Business of Law
(DBN)

Reed Smith, Fennemore, Patton Boggs: Business of Law
(DBN)

Eversheds posts 14% partner profits hike as revenues rise 3%
(DBN)

Loving Your Job
(DBN)

Survey finds increasing hopefulness among lawyers about their organizations' future growth
(DBN)

Firms Find New Ways to Groom Young Recruits
(DBN)

Firm launches investigation over 'irregularities' in partner's pitch
(DBN)

Unemployed Seasoned Associates, Partners: Don't believe it when "they" say you look young
(DBN)

Lawyerly Lairs: Hie Thee to Iowa?
(DBN)

Court Rejects Claim Boies Firm Breached Oral Agreement
(DBN)

America's English-Style Legal System Evolved to Conceal Truth, Not Reveal It
(DBN)

10 Questions CEOs Should Ask GCs About the Legal Business Plan
(DBN)

The Business of the Law Firm: Better risk management to prevent malpractice lawsuits
(DBN)

Survey Sees Large Malpractice Claims Rising for Law Firms in First Half of 2012
(DBN)

Supreme Court Clerk Hiring Watch: Color Commentary on the October Term 2012 Class
(DBN)

Five Big Reasons to Skip Law School
(DBN)

Nursing Moms Will Get Extra Time on the LSAT
(DBN)

10 helpful legal apps for Android
(DBN)

Comment of the Week: My Three Biggest Fears
(DBN)

Quote of the Day: Good F-----’ Luck With That
(DBN)

‘I Am the Prize’ Ex-DA Ken Kratz Takes Plea in Attorney Ethics Case re His Treatment of Women
(DBN)

Law School Transparency: Blessed are the scambloggers
(DBN)

Professor's Book Gives Law Schools a Failing Grade
(DBN)

Woman Sues Divorce Attorney, Firm Alleging She Lost Millions
(DBN)

Dutch Lender Sues Houston Law Firm Alleging Negligence
(DBN)

Lawyer and Former Candidate For Attorney General Claims Castle Doctrine Defense In Home Shooting
(DBN)

Marked Man Arrested
(DBN)

Florida Teacher Accused Of Cutting And Burning Students in Religious Rite
(DBN)

College Student Arrested For Wasabi Attack
(DBN)

Perp Again Busted For S-- With . . .
(DBN)

Perp Photo Fun Match Game
(DBN)

Say What?!
(DBN)

______________

Judges:

Judge of the Day: The Road to Hell…
(DBN)

California Judge Is Accused of Stealing $1.6M from Elderly Neighbor; Suspicious Lawyer Notified Cops
(DBN)

Madam Justice Lori Douglas Goes on the Offensive
(DBN)

Media Event Irks Judge, Who May Gag Counsel for PI Lawyer Charged re 3rd-Party Attacks on His Wife
(DBN)

George Will: Unleash the high court
(DBN)

U.S. Court of Appeals removes federal judge from two cases
(DBN)

Ginsburg pokes fun at health care guessing game
(DBN)

In second book, Scalia, Garner warn judicial decisions leading to 'descent into social rancor'
(DBN)

The Fortune Cookie And The Eggshell
(DBN)

The Dreaded Judge Rakoff Actually Has A Sense Of Humor
(DBN)

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Wall Street:

US stock futures fall as Greek optimism fades
(DBN)

European Markets Now Getting Crushed After Greek Election, Bond Yields Surge
(DBN)

Markets close with gains
(DBN)

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Layoffs:

US Regional and State Employment Report for May
(DBN)

Unemployment rates rose or were unchanged in two-thirds of US states in May
(DBN)

The Anxiety Economy
(DBN)

Oklahoma reaches all-time employment high in May
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Banking:

Three Banks Fail In Tennessee, Georgia and Florida – Total 2012 Bank Failures At 31 --- The Farmers Bank of Lynchburg, TN --- Security Exchange Bank, Marietta, GA --- Putnam State Bank, Palatka, FL
(DBN)

The Jamie Dimon Cufflinks Mystery
(DBN)

Jamie Dimon Is Not Alone: These Fed-Connected Banks Got More Than $4 Trillion in Loans After The Crisis
(DBN)

Why Didn't They Just Lend The Money Out?
(DBN)

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Autos:

GM and Chrysler, Yet Again
(DBN)

GM Retirees Furious About Pension Change
(DBN)

Chevy Volt Outsells Corvette in 2012
(DBN)

Three Years Later, Will the Auto Rescue Skeptics Finally Admit They Were Wrong?
(DBN)

Saab: Under new management
(DBN)

Saab is like a zombie that will not die
(DBN)

Opel sees Bochum cuts costing 500 million euros
(DBN)

______________

MF Global:

Chilton calls for CFTC's own attorney on MF Global
(DBN)

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Mass Torts:

W.R. Grace's grace period
(DBN)

One more holdup at W.R. Grace
(DBN)

Judge limits attorneys' fees in BP oil spill case
(DBN)

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Economy:

U.S. Industrial Production Unexpectedly Fell 0.1% in May --- Dip in Manufacturing Suggests a Stalled US Economy
(DBN)

Gallup: More American Say They're Thriving
(DBN)

Consumer Confidence at 6 Month Low
(DBN)

A profile of life in one of the country's poorest counties
(DBN)

Fed looks at extending Operation Twist
(DBN)

Goldman: QE3 is coming next week
(DBN)

Last Loans Used to Buy AIG, Bear Stearns Assets Repaid: Fed Reserve
(DBN)

Morgan Stanley Just Slashed Its US GDP Forecast And Warned Things Could Get A Lot Worse
(DBN)

Americans Are Lost, Unrealistic And Divided Over The Deficit
(DBN)

Taxing the Rich? What's Fair
(DBN)

S&P again rings alarm bells on US refinancing wall
(DBN)

Fed Growth Forecasts Key to Further Easing as Job Market Stalls
(DBN)

Americans Are In Denial As Wealth Falls To '92 Levels
(DBN)

Were We Richer in 1983? We Don't Know
(DBN)

Americans Hang on After Lost Wealth
(DBN)

David Rosenberg: These 3 Charts Prove We're Living In A Modern-Day Depression
(DBN)

Remember the Great Depression? Nobody Does
(DBN)

US Debt Clock
(DBN)

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Real Estate:

US rate on 30-year mortgage rises to 3.71 pct. --- What's Keeping Mortgage Rates Low
(DBN)

ResCap Rebuffs Berkshire, Keeps Fortress as Lead Bidder --- Bidder blow for buffett
(DBN)

ResCap: Berkshire declined to participate in pre-Ch 11 sale process
(DBN)

Buffett Extends Real-Estate Bet With ResCap Pursuit
(DBN)

Banks Coming Up Short On Short Sales
(DBN)

Short sales now eclipse foreclosures in Las Vegas
(DBN)

Fascinating Mortgage & Housing Data Points
(DBN)

Five contrarian reasons not to refinance
(DBN)

Figures in Colonial Realty fraud in legal disputes
(DBN)

CREL CDO Delinquencies Down In May
(DBN)

Ex-Taylor Bean Official Gets 5-Year Prison Term: U.S.
(DBN)

The Top 5 RMBS Cases to Watch this Summer: No. 1 – MBIA v. Countrywide, BofA
(DBN)

____________

Corporate Reform:

After Gupta, Wall Street watch out: Frankel
(DBN)

Slobbering Senators Woo Dimon While They Gut Dodd-Frank
(DBN)

______________

Oil/Gas:

OPEC stand-off over world's oil supply
(DBN)

Petroplus: rapid rise and fall of a refiner
(DBN)

______________

Telecoms:

Moody's downgrades Nokia to junk
(DBN)

______________

Aviation:

US Airways seeks to sell shareholders on AMR deal
(DBN)

AMR asks creditors to review stand-alone plan first
(DBN)

Judge blocks union election at American Airlines
(DBN)

Pilots may vote on 'last, best' offer from American Airlines
(DBN)

Hawker Beechcraft bankruptcy plan outlines 3 options
(DBN)

Report: Subsidies continued for shaky airline
(DBN)

______________

Celebs:

Citizens Bank sues Schilling for $2.4M
(DBN)

The Broke and the Beautiful: Irish Boy Band Edition
(DBN)

Federal Jury Sides with Kevin Costner in Stephen Baldwin’s $17M Suit Over Oil Spill Cleanup Machines
(DBN)

______________

Media:

Tribune's new chapter
(DBN)

______________

Video Games:

Former 38 Studios workers call for Mass. AG probe
(DBN)

______________

Alternative Energy:

Federal case could grow vs. founder of Bixby Energy
(DBN)

A123 System's New Battery Won't Stave Off Bankruptcy
(DBN)

______________

Gambling:

Pinnacle Buys Bankrupt Epic Poker League
(DBN)

______________

Municipalities:

With Scranton almost out of cash, bankruptcy no longer impossible --- Municipal workers fear Stockton bankruptcy
(DBN)

Scranton's Charged Atmosphere Stymies Attempts to Stay Solvent
(DBN)

Act 47 leader: Cooperation eases distress
(DBN)

Pensions a factor in Stockton's woes
(DBN)

The Safest City In The US And The Most Dangerous City In The World Are Only 300 Feet Apart
(DBN)

The Most Dangerous Cities in America
(DBN)

L.A. teachers approve deal that reduces pay, shortens school year
(DBN)

______________

Labor:

The State of American Unions
(DBN)

______________

Food/Beverage:

USDA sanctions Desert Star Produce for PACA violations
(DBN)

______________

Religion:

Sen. Muse's church files for bankruptcy
(DBN)

______________

Personal Finance:

Rich Dads Wh0 Leave Nothing to Their Kids
(DBN)

______________

Retailing:

How ex-Apple guru Ron Johnson is destroying JC Penney
(DBN)

______________

Student Debt:

Creditors Are Hounding This Man For His Dead Son's Student Loans
(DBN)

______________

Museums:

Debt-ridden museum in Va. wants attorneys tossed
(DBN)

______________

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 (39 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 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 Vitro, American Airlines, LightSquared: Audio
(DBN)

______________

Bankruptcy Statistics:

27 Companies That Could Go Bankrupt
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Secured Debt:

Secured Creditor Denied Double Recovery – Bankruptcy Court Approves Postpetition Interest but Rejects Late-Payment Premium
(DBN)

Secured Creditor Control in Bankruptcy: Costs and Conflict
(DBN)

______________

Classification:

Ninth Circuit B.A.P. Determines That Third Party Guaranties Can Be Considered In Separately Classifying Lender Claims
(DBN)

______________

Avoidance Actions:

NewPage, lenders launch opposition to creditor panel bid to file fraudulent conveyance suit
(DBN)

_____________

Personal Bankruptcy:

Podcast: Brett Weiss and Dan Press Discuss Chapter 11 for Individual Debtors
(DBN)

______________

Fraud:

Ex-McKinsey Chief Rajat Gupta Is Guilty in Insider-Trading Case Linked to Hedge Fund Head Rajaratnam
(DBN)

Rajat Gupta goes down but insider trading may not
(DBN)

Rajat Gupta's Conviction Will Embolden U.S. to Target Wall Street, Experts Say
(DBN)

Gupta appeal will be 'very difficult'
(DBN)

In Rajat Gupta, Jurors Saw the American Dream And Convicted Him Anyway
(DBN)

How the 'Good Guy' Defense Failed Rajat Gupta
(DBN)

Gupta’s Judge Ignored Government Sentence Requests in Past Insider Trials
(DBN)

______________

Alternative Energy:

Solyndra close to filing bankruptcy plan
(DBN)

______________

Debt Collection:

Nice Guy Debt Collection Highlighted in Financial Times
(DBN)

State Sues Title Lender Over Debt Collection Practices
(DBN)

______________

Health Care:

RI gov won't veto bill; Landmark hospital buy a go
(DBN)

______________

Hotels:

Facing Takeover by Blackstone, Hotel Owner Eagle Hires Restructuring Exec
(DBN)

______________

Cross Border:

Bankruptcy Court Rules a Foreign Insolvency Plan That Extinguishes Claims Against Non-debtor Subsidiaries is Manifestly Contrary to US Public Policy
(DBN)

US Bankruptcy Court Clarifies Opinion on Vitro SAB's Mexican Plan
(DBN)

______________

UK:

I'm a British citizen, McFeely tells court --- Developer McFeely bankruptcy overturned following challenge --- McFeely's UK bankruptcy order cancelled as Irish bid not revealed
(DBN)

Property con man Kevin O'Kane has been made bankrupt
(DBN)

Russian bid for British refinery brings controversy
(DBN)

Duff & Phelps administrators called to Allders
(DBN)

______________

EU:

G20 meeting to push for 'stronger' Europe
(DBN)

Cameron: Eurozone Must Reform, or Dissolve
(DBN)

You Can't Just Blame Europe For Our Economic Slow Down
(DBN)

The World Is Relying On Fake German Strength
(DBN)

Phony Austerity In Europe And Phony Growth In The US
(DBN)

Euro Grand Dream Has Become a Nightmare
(DBN)

______________

PIIGS:

Pro-Eurozone conservatives take first place in Greece --- Conservatives Win The Vote, But There's Still No Government --- Election Defuses Crisis, But Others Remain --- The Scariest Number From The Greek Election --- The best is yet to come against Greece , say Germany --- After Greece, the worries only mount --- Euro Chiefs Hint at Adjusted Terms for Greece --- Germany "won't overstrain" Greece but reforms set in stone --- Greece's day of reckoning dawns in a climate of anger and uncertainty --- Greeks Livid Over Incendiary Letter In German Newspaper --- Contagion risks run high in Greek vote --- Memories of Lehman hang over Greek polls --- This Is What Happens If Greece Exits The Euro --- The Incredible Collapse Of The Athens Stock Market --- The Only 5 Industries That Are Booming In Greece --- Companies clamor for insurance against Greek exit --- How Greece Got Itself into This Mess --- Goldman Perfectly Sums Up The Greek Economy In One Paragraph --- Citi: Our Greek Exit Opinion Is Unchanged, 50% To 75% Probability Greece Is Out --- Real Question for Greece Is What Now, Says Wilbur Ross --- How Long Before Greece Is in Crisis Again?
(DBN)

Spain's 10-Year Yield Blasts To New Euro-Era High --- Focus Returns to Spain as Greek Relief Short-Lived --- Spain PM brushes off IMF austerity advice for now
(DBN)

ie: After the high life: how Filan's finances went west
(DBN)

______________

Australia:

Bankruptcy means fleeced Keddie clients will lose money
(DBN)

______________

Switzerland:

Carbofer trading, shipping arms declared bankrupt
(DBN)

Credit Suisse To SNB: Sorry, But We're Not Going To Listen To You
(DBN)

______________

China:

4 Reasons Why China Is Headed For Meltdown
(DBN)

Slump in China house prices broader, deeper
(DBN)

With fabricated bank, Chinese entrepreneur sets new standard for fakery
(DBN)

______________

Maldives:

Government silent over Maldives bankruptcy claims
(DBN)

______________

Sudan:

' Bankrupt ' Sudan forced to scrap fuel subsidy

______________

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Copyright 2012