June 19, 2012

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Dewey Asks to Pay Bankruptcy Lawyers Up to $935 an Hour --- Dewey: It Takes A Village (To Wind Down a Law Firm)--- New Outposts Abound as Dewey Diaspora Helps Fuel Overseas Expansions --- Ex-Dewey & LeBoeuf leaders accused of hiding financial holes --- Learning lessons from Dewey
(DBN)

MNAT

David Lichtenstein Blames His Lawyers For His $100 Million Bad Boy Penalty --- The Complaint
(DBN)

After Court Decisions, Clients Mull Swapping Lawyers for Machines
(DBN)

Courts See Increase in Bankruptcy Filing Abuse by Non-lawyers
(DBN)

Law center employs zero lawyers
(DBN)

The way law firms are run has changed radically
(DBN)

Former BigLaw Clients Helped Small Offit Kurman Add Nearly 80 Attorneys Since 2001, Partner Says
(DBN)

A Big-Name Guest at a BigLaw Wedding
(DBN)

Following Up On Referrals (Non-Beggar Edition)
(DBN)

Pessimism Has Its Pleasures
(DBN)

A Three Year Old Notion Made New: The Law Firm PPM
(DBN)

Nine Organizations Seek Legal Domain Names, But Only One Is a Law Firm
(DBN)

ABA Employment Stats Are Just As Dire As We Expected
(DBN)

New Book Claims Law School is a Bad Deal for Most
(DBN)

Class of 2011 legal employment and underemployment numbers are in, and far worse than expected --- Only 55 percent of law grads found full-time law jobs --- Law School Transparency: American dream
(DBN)

Law School Transparency: Man paid $867,000 to run fourth-tier law school says law school is a good investment
(DBN)

Displaced Lawyers with Massive Debt Decide They Have Suffered "Enough" - Folly of human thinking
(DBN)

Strategic Mumblespeak: Teresa Sullivan fired from UVA - What happens when universities are run by robber barons --- Helen Dragas: A Mortal Threat to UVA's Future as a Serious Academic Institution?
(DBN)

ABA Legal Education Section, LSAC to Certify Admissions Data About Entering Law Classes
(DBN)

Court Suspends Lawyer Over Exposed . . .
(DBN)

Male Model Claims He Was Instructed to . . ., Sues for a Million
(DBN)

Animal Farm on the Police Force
(DBN)

Mom Says Teacher Duct-Taped Her Son
(DBN)

Texas School Sued After Forcing “Smelly” Kid To Strip and Shower At School
(DBN)

______________

Judges:

Benchslaps of the Day: A Double Whammy for a District Judge
(DBN)

Top Pa. Court Disbars Ex-Judge Convicted in Auto Insurance Fraud; Civil Suit Says Judge Is Victim
(DBN)

Justice Ginsburg Tells of Term That Is ‘More than Usually Taxing’
(DBN)

Ginsburg shows her funny side
(DBN)

Justice Scalia and Bryan Garner on the Interpretation of Legal Texts
(DBN)

Circuit’s Maui Meeting Cost; Is it the Wrong Question?
(DBN)

Judge Andrew Peck Refuses Recusal in 'Da Silva Moore' Order
(DBN)

Clerks’ Claimed Handling of Call During China Trip Creates Trouble for Judge
(DBN)

‘That 1956 Mercury Coupe’
(DBN)

______________

Wall Street:

US Stock Futures Advance
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Lehman:

Lehman Creditors Drop Legal Action Against Geithner
(DBN)

______________

Alternative Energy:

Solar Firm NovaSolar Files for Chapter 11 Bankruptcy
(DBN)

Assets of Energy Conversion Devices to be sold
(DBN)

A Bet On The Sun
(DBN - NY Times - Paywall Limit Possible)

______________

Hotels:

Bankruptcy freezes sale of Lake George hotel
(DBN)

Bankrupt Kihei hotel purchased
(DBN)

Former Extended Stay owner sues Willkie Farr
(DBN)

______________

Pensions:

Northern Mariana Islands pension bankruptcy bid dismissed
(DBN)

______________

Economy:

Household net worth slides 35%, Census Bureau says - 59% for ages 35-44
(DBN)

Wealth implosion: It's not just housing
(DBN)

The Almost Wealthy Pull Back on Spending
(DBN)

Fed expected to twist again
(DBN)

What Ben Bernanke and the Federal Reserve can do to save the US economy
(DBN)

Falling house, stock prices erode household wealth
(DBN)

Oil falls back as concerns over euro zone remain
(DBN)

Generations X and Y trying to lock in wealth - study
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

June US home builder sentiment highest in 5 yrs-NAHB
(DBN)

K&L Gates: Basel III could limit banks to plain vanilla mortgages
(DBN)

ResCap Judge Asks Company to Justify Fortress as Lead Bid
(DBN)

Court appoints examiner in Rescap bankruptcy --- ResCap Judge Approves Probe Into Pre-Bankruptcy Deals
(DBN)

Buffett Keeps Betting Big on Housing Turnaround
(DBN)

Warren Buffett hikes bid on housing rebound with $3.85-billion offer for mortgage business
(DBN)

Nationstar Beating Buffett for ResCap --- ResCap To Buffett: Go Away
(DBN)

FHFA Seeks to Limit Buybacks Afflicting BofA to PNC
(DBN)

Developer Leonard Albanese files personal Ch. 11
(DBN)

New York to spend $60 million on legal services, counseling for homeowners
(DBN)

Paralegal Gets 33 Months in Mortgage Fraud
(DBN)

____________

Aviation:

APFA says American Airlines exec opposes merger for personal gain
(DBN)

AMR pilot union board considers whether to send offer for vote
(DBN)

Judge may be asked to delay APA’s part of his ruling
(DBN)

Parker explains US Airways’ thinking for proposed American Airlines merger
(DBN)

Hawker tells court it may reduce jet products
(DBN)

Flight 3407 Families Push for Lawsuit to Continue
(DBN)

______________

IP:

Kodak Sues Apple in Bid to Quash Claims Over Patents
(DBN)

______________

Celebs:

‘The Real Housewives of New Jersey’: Giudices’ bankruptcy is wealth of material for hit Bravo reality show --- Teresa Giudice Visits Bankruptcy Lawyer --- Bankruptcy Made Us Stronger, Teresa Giudice Says
(DBN)

Ex-Mayor Kilpatrick's Sister Files For Bankruptcy
(DBN)

______________

Fraud:

Gupta Verdict's Message to GCs: Improve Compliance ASAP
(DBN)

How long will Rajat Gupta languish in jail?
(DBN)

Gupta insider case puts focus on monitoring board members, financial-crisis challenges
(DBN)

Rothstein says he helped run scheme at cruise line
(DBN)

Fake takeover: Chinese businessman made up purchase of US bank
(DBN)

JPMorgan class action may hinge on when alleged fraud began
(DBN)

______________

MF Global:

MF Global Parent Accrues $28.4 Million in Professional Fees
(DBN)

MF Global and the New UK Special Administration Regime
(DBN)

______________

Steel:

RG Steel's Hope of Rescue Is a Long Shot, Experts Say
(DBN)

______________

Warranties:

US Fidelis Brothers Looking at Hard Time
(DBN)

______________

Tax:

Eric English on the Supreme Court Opinion and Dissent in Hall v. United States
(DBN)

______________

Banking:

Banking CEO Returns to Capitol Hill to Detail JPMorgan Chase Losses
(DBN)

______________

Museums:

Museum: Bankruptcy isn't Silver's business
(DBN)

______________

Autos:

Germany Says No to European Car Aid
(DBN)

______________

Student Debt:

Equity Financing of Higher Education
(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 (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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:

GM, Chrysler, Argentina, Mortgages, and More
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Litigation:

Tough Week for Fee-Seeking and "Fast Filer" Plaintiffs' Lawyers
(DBN)

______________

Arbitration:

Arbitration Unconscionability Post-Concepcion
(DBN)

______________

Hockey:

New Jersey Devils Close To Being Seized By NHL, According To Report
(DBN)

From Parise to Bankruptcy ; The New Jersey Devils Have Issues
(DBN)

______________

Obits:

Friends and family mourning death of Rochester bankruptcy attorney
(DBN)

______________

Bankruptcy Crimes:

Attorney in $15 Million Mortgage Fraud Case Jailed for Bankruptcy Fraud - Victoria Sprouse to be jailed until trial for bankruptcy fraud charges
(DBN)

______________

Municipalities:

Jeffco: Attendance sparse at first public hearing
(DBN)

When ALEC Takes Over Your Town
(DBN)

State Retirement Plans $1.4 Trillion Short
(DBN)

______________

Mass Torts:

Court Expands Spouse’s Rights in Asbestos Suits
(DBN)

______________

Retailing:

JC Penney president abruptly leaves post
(DBN)

______________

Credit/Debit Cards:

Online credit card complaint database debuts
(DBN)

______________

Telecoms:

Nortel finance execs caught up in tax fight
(DBN)

______________

Non-Profits:

Report: Charitable giving in US rose in 2011, as economy recovered
(DBN)

______________

UK:

Avoidance scheme ring-fences £168m from taxman
(DBN)

______________

EU:

Get Your Act Together, the World Tells Europe
(DBN)

ECB Seen Not Able To Clean Up Bank Balance Sheets
(DBN)

______________

PIIGS:

Spanish woes take center stage --- Spain says Europe working towards fiscal union --- Euro crisis shifts to Spain as Angela Merkel faces G20 pressure --- Markets fear Spanish bailout will top €100bn --- Spain Goes to Market as Debt Costs Soar
(DBN)

Greece's far-right Golden Dawn party maintains share of vote --- Greece Out in Legg Mason Stress Test Drawing Lesson From Lehman --- One Wall Street Seer Says the Greek Tragedy Is Near
(DBN)

______________

Canada:

Quick Flip a Flop: Application for Court Appointed Receiver and Order for Quick Flip Asset Sale Denied
(DBN)

______________

China:

China Abandons Role of Global Engine
(DBN)

______________

Korea:

Suicides, Arrests Show Trouble at Korean Savings Banks
(DBN)

______________

Romania:

Hidroelectrica Insolvency Won't Cause Company Bankruptcy
(DBN)

______________

MENA:

Egypt: Most Revolutions End Up This Way
(DBN)

______________

The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2012