June 20, 2012

The Daily Bankruptcy News

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Law:

An Early Look at the Advisers' Tab in Dewey Bankruptcy --- Dewey creditors to probe banks' collateral demand --- Dewey creditors to probe banks' collateral demand --- Former Dewey Partners Urged to Reach Quick Settlement --- Dewey Have Some Pretty Expensive Bankruptcy Advisers? --- Unsecured Creditors of Dewey Launching Preliminary Probe against Secured Creditors --- Former Dewey partners offered settlement deal to avoid future liability --- Davis excluded from Dewey settlement deal
(DBN)

Wachtell, Simpson, O’Melveny, McDermott, Cahill: Business of Law
(DBN)

Dewey, Dorsey & Whitney, Dechert, Sidley: Business of Law
(DBN)

Dewey Dominos: The Impact of Large Law Firm Downsizing and other pressures on the Small Firm Market

Judge fines bankruptcy lawyer
(DBN)

Judge dismisses bias lawsuit against Fried Frank
(DBN)

Billing Sucks, But Small-Firm Lawyers Need To Do It Better
(DBN)

What Happens When Computers Replace Attorneys?
(DBN)

SNR Denton unveils EMEA financials: PEP up 50% as revenue falls 6%
(DBN)

ABA: Only 55 percent of law grads found full-time law jobs
(DBN)

Jailed Ex-BigLaw Partner Once Made $183K Monthly, Now Has Court-Appointed Lawyer for Tax Case Appeal
(DBN)

Wachtell Holds on to No. 1 Spot in Vault Law Rankings; Latham Makes Top 10 After Fall --- 2013 Vault Law Firm Rankings: Prestige Can’t Buy You Money
(DBN)

Illegal Immigrant Should Be Admitted to Practice, Calif. State Bar Tells State Supreme Court
(DBN)

Federal Civil Rights Suit Seeking $40M Is Dismissed; Process Server Gave Complaint to Wrong Court
(DBN)

Find a Collaborator to Keep You On the Right Track
(DBN)

Thoughts From A Biglaw Dad
(DBN)

An Offer An Attorney Can't Refuse
(DBN)

Diversity Scorecard 2012
(DBN)

The lateral dance
(DBN)

New Rainmaking Trend: Manicure Meetings
(DBN)

Ex-DA Answers Question: ‘Why Would Somebody So Smart Do Something So Stupid?’
(DBN)

Weight Loss Tips That Keep Fat People Fat
(DBN)

Telecommuting Goes Mainstream
(DBN)

Prelaw Students Value Law School Ranking More than Employment Stats, Survey Shows
(DBN)

Few Jobs, But a Rack of Suits: Law Grads Claim Their Alma Maters Duped Them
(DBN)

Law School Cuts Stipend On Own Employment Program For Recent Grads; Thinks They Need More ‘Incentive’ To Find A Job
(DBN)

Law School Transparency: The cost of living
(DBN)

Law Students & Mentors Across the Globe Team Up to Develop New Approaches to the Legal Profession
(DBN)

In Washington State, ‘Legal Technicians’ Will Be Allowed to Help Civil Litigants
(DBN)

For The Second Time In Two Weeks, Someone Got Caught Trying To Cook Meth In A Walmart
(DBN)

Criticisms Of American Legal System That Are Even More Stupid Than Normal
(DBN)

Gen Y JDs Double Whammy: Loan debt + no inheritance
(DBN)

Baby Boomers: Yeah, you are probably screwed in job market
(DBN)

Hide Your Donations, Hide Your Comic; They Are Suing Everybody Up in Here
(DBN)

Bicyclist Charged With Vehicular Homicide
(DBN)

'Error Allows Retiree to Withdraw $1.5 Million From ATM, Which He Gambles Away
(DBN)

Pouncy
(DBN)

Trump's Most Sensational Legal Threats
(DBN)

Man, 73, murdered classmate over bullying incident that happened half-century ago
(DBN)

______________

Judges:

Judge Seeks Chapter 13 Relief
(DBN)

Florida justices suspend ex-judge's law license
(DBN)

New Bankruptcy Judge Is Inducted
(DBN)

Federal Jury Convicts South Texas Lawyer in Racketeering Case re Judicial Bribes
(DBN)

You’ll Never Guess Who I Met Today: Friendly Encounters Show Justices Are Down-Home Folks
(DBN)

The Supreme Court Is Not American Idol
(DBN)

Federal judges defend Maui conference as cost-effective
(DBN)

Why Are Americans Losing Trust in the Supreme Court?
(DBN)

Supreme Court More Polarized Than Ever
(DBN)

______________

Wall Street:

US stock futures steady ahead of Fed decision
(DBN)

Stocks close higher on hopes for new Fed action
(DBN)

Why Doesn't The Stock Market Reflect The Imminent Global Depression?
(DBN)

Meet Wall Street's Most Eligible Bachelorettes
(DBN)

32 Idiotic Mistakes Wall Street Interns Make Every Summer
(DBN)

______________

Layoffs:

Job Openings Report Shows Market Is Really, Really Bad
(DBN)

Employers Post Fewest Openings in 5 Months
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Freight:

FedEx predicts slower earnings growth this year
(DBN)

______________

Trucks:

Bankruptcy as an Option at Navistar?
(DBN)

______________

Aviation:

American Airlines, pilots end talks without pact; court ruling seen June 22
(DBN)

American Airlines unions: Merger is best chance for recovery
(DBN)

______________

Economy:

Fed May Extend Operation Twist, Grow Balance Sheet, Goldman Says --- Fed Seen Extending Operation Twist While Avoiding Bond Buying
(DBN)

What else can the Fed do?
(DBN)

Look How Many Government Workers We've Fired Since 2009
(DBN)

Oil Rises as Spain Meets Target, Greece Nears Coalition
(DBN)

Mauldin: We're approaching the end of the end game
(DBN)

A Lot Of Wealthy Parents Don't Want To Leave Their Kids An Inheritance
(DBN)

Millions Of Retirees Are Counting On Pensions That May Not Be There
(DBN)

Could Congress Compromise on Taxmageddon?
(DBN)

Citi: We Have Reached A Critical Point In The Crisis, Where Things Could Get A Lot Worse
(DBN)

Poll: Vast Support for New Health Care Effort
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

US builders start more single-family homes --- Building Permits Surge To Highest Level Since 2008, Hit 780K
(DBN)

May U.S. Housing Starts Dropped by 4.8% to a 708,000 Unit Pace
(DBN)

Buffett's company to lead bidding for ResCap loans --- Fortress to Be First Bidder at ResCap Mortgage-Unit Sale --- Nationstar named opening bidder for ResCap business
(DBN)

JPMorgan must face claims over home equity loans
(DBN)

Fannie sees home price bottom in 2013, global risks ahead
(DBN)

Delray Beach developer Albanese files for Chapter 11
(DBN)

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

"Joint bidding" not "bid rigging"
(DBN)

Amherst: Mortgage servicer principal reductions up sharply from 2011
(DBN)

States using robo-signing funds to plug budget gaps --- Alabama Diverts Settlement Funds Away From Housing Assistance
(DBN)

San Diego foreclosures fall to 5-year low
(DBN)

The 3 Most Important Factors Driving Home Prices
(DBN)

____________

Banking:

JPMorgan's Loss Undetected by US Regulators, Lawmakers Say
(DBN)

Don't Let Your Babies Grow Up to Be Bankers
(DBN)

More Evidence TAG Helps Only the Big Banks
(DBN)

Stop Me If You've Heard This One Before
(DBN)

______________

Retailing:

JC Penney stock plunges on president's exit
(DBN)

Deutsche Bank: We're Afraid That JCPenney Has Become 'Ron's Way Or The Highway'
(DBN)

______________

Corporate Reform:

Neither Dimon Nor Senators Understand Banking 101
(DBN)

Barney Frank Just Landed His First Punch On Wall Street At Jamie Dimon's Hearing
(DBN)

“Not Unless the Earth Gets Struck by the Moon” and Other Highlights from Jamie Dimon’s House Hearing
(DBN)

Congress is Defunding Finance Regulation
(DBN)

______________

Pensions:

Fund asks court authorization for continued payment of benefits
(DBN)

Counting on Pensions That May Not be There
(DBN)

______________

MF Global:

MF Global clients get chance to auction claims
(DBN)

______________

Environmental:

Asarco Seeks Pollution Accord Reversal, Cites Probe
(DBN)

______________

Debt Collection:

Embattled medical debt collector hires second lobby firm
(DBN)

Debt Collectors Now Going After Former Hollywood Video Employees
(DBN)

Minn. AG: Accretive broke law with 'ASS,' 'Blue Balls' program
(DBN)

______________

Politics:

Brown agrees to Brokaw debate - with conditions
(DBN)

12 Juicy New Details About The Young Barack Obama --- 'Barf Couch'
(DBN)

FactCheck: Obama and Romney's Promises
(DBN - NY Times - Paywall Limit Possible)

______________

Steel:

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

______________

Waste:

Wastequip completes reorganization, replaces CEO
(DBN)

______________

Celebs:

Potential Lawsuit of the Day: Octomom Refuses to Ride the Pole
(DBN)

______________

Mass Torts:

Del. court favors companies in asbestos rulings
(DBN)

______________

IP:

Kodak claims Apple is interfering in its patents sale
(DBN)

______________

Museums:

Fredericksburg questions slavery museum's reorganization plan
(DBN)

______________

Publishing:

Houghton Mifflin heads to confirmation in New York
(DBN)

______________

New Bankruptcy Opinions
(No new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (19 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:

Rochelle on ResCap-Berkshire Hathaway, Vitro, Rulings: Audio --- On Swaps Safe Harbor, Marianas, Personal 11s
(DBN)

______________

Bankruptcy Statistics:

10 Big Companies That Are At Risk Of Bankruptcy
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Priority Claims:

Construing "substantial contribution" under Section 503(b)(3)(D)
(DBN)

Third Party Benefit Providers Get Super Priority Secured Claim for Unpaid Remittances Owed by Employer
(DBN)

______________

Cross-Border:

Defining the limits of a bankruptcy court’s discretion in Chapter 15
(DBN)

There’s No Comity Relief Here: U.S. Bankruptcy Court Denies Petition for Recognition of Mexican Plan of Reorganization on Grounds that Releases of Non-Debtor Guarantors Are Contrary to U.S. Public Policy
(DBN)

Comity extended to order entered in foreign insolvency proceeding enjoining actions against affiliates of foreign debtor
(DBN)

_____________

Litigation:

Cowboys & Lawyers: Spaghetti Western eDiscovery
(DBN)

______________

Fraud:

Former Stanford Exec Who Allegedly Duped Investors With Her Ex-Lover Is Going To Prison
(DBN)

Federal Judge Dismisses Suit Against SEC Over Madoff Investigation Failures
(DBN)

Evidence of Credit Suisse fraud mounts
(DBN)

______________

Lehman:

The Sad Story Of A Former Lehman Star --- Fall of a Wall Street titan
(DBN)

Lehman creditors end demand for Geithner testimony
(DBN)

High Court rules against 38 Lehman firms fighting FSD action
(DBN)

Prepare for Lehmans re-run, Bank official warns
(DBN)

______________

Radio:

Sirius Radio Losing Money, Will Cut Artist Fees
(DBN)

______________

Municipalities:

Pension stories from four cities
(DBN)

City won't be norm in distress
(DBN)

Stockton Slide to Bankruptcy Measured in More Funerals
(DBN)

Stockton bankruptcy avoidable?
(DBN)

Detroit Sewer Sale Sullied as City’s Stress Spreads
(DBN)

Where will the next "Jefferson County" Municipal Bond default happen?
(DBN)

JPMorgan Report Posits Public-Pension Tumult
(DBN)

______________

Defaults:

Loan default forecast — climbing higher in LCD’s latest buyside survey
(DBN)

______________

Paper:

Catalyst Paper announces Court Approval for Creditor Meetings
(DBN)

______________

Photography:

Not a Kodak Moment: Apple being sued by Kodak over patents
(DBN)

______________

Corporate Governance:

The Firing Line
(DBN)

______________

Health Care:

Texas Clinic Files for Bankruptcy, Blames HCA for Financial Woes
(DBN)
--- Sadler Clinic files Chapter 11

______________

EU:

Investors cling to cash to guard against euro fallout
(DBN)

The eurozone's people are like prisoners in Colditz
(DBN)

Hollande Says Europe Mulling Having ESM Buy Italian Bonds
(DBN)

German Default Protection Costs Rise on Bailout Fears
(DBN)

G20 Makes Little Headway in Solving EU Crisis
(DBN - NY Times - Paywall Limit Possible)

______________

PIIGS:

EU official: Greek bailout terms to be changed --- U.S. suggests it will back review of Greek bailout --- Hundreds of pharmacies risk closure --- More than 500,000 Greeks must pay nearly 1,500 euros extra in income tax --- The Next Round Of Greek Economic Data Is Going To Be 'Disgusting' --- The Saddest Thing You'll Read About Greece Today --- Despite Crisis, Greece Still Functions
(DBN)

Martin Feldstein: Spain's Banks Are Not The Problem --- Why 100 Billion Euros For Spain Won't Be Enough --- Citi: The ECB Will Make Things Worse Before Making Things Better If It Tries To Bail Out Spain
(DBN)

Why Italy May Exit The Euro Before Spain --- Italy Banks Struggle to Increase Capital Levels
(DBN)

Spain, Italy to be Bailed Out in £600B Deal
(DBN)

______________

Iceland:

Half of Iceland's Icesave Debt Repaid
(DBN)

______________

India:

Deadbeat corporate borrowers? Not in India
(DBN)

______________

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Copyright 2012