June 21, 2012

The Daily Bankruptcy News

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Law:

Dewey Have Good Prospects for a Speedy Settlement With Former Partners? --- Former Dewey Chairman Will Be Excluded from Proposed Bankruptcy Settlement with Ex-Partners --- Dewey & LeBoeuf moves to terminate leases
(DBN)

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

Greenberg Glusker Brings Brian Davidoff and Bankruptcy, Corporate Group on Board
(DBN)

Larson Opens Dallas Office for Forshey Prostok
(DBN)

Quinn Emanuel, Latham, Cooley, WilmerHale, Locke Lord: Business of Law
(DBN)

ABA Jobs Report: Just over 10% hired into full time law jobs at firms with 101 or more lawyers
(DBN)

Best Big Law Feeder Schools
(DBN)

Vault's Prestige List—Is Your Firm on It?
(DBN)

Court decisions detail Fried Frank's 2008 pains
(DBN)

Fried Frank set to exit UK real estate as associates walk
(DBN)

Unless they abandon outdated assumptions about growth, firms won't survive a crisis of their own making
(DBN)

Trial Secrets of Rusty Hardin, the Lawyer for Acquitted Baseball Star Roger Clemens
(DBN)

Akin Gump Foils Defamation Suit Filed by Former Dreier, Luce Forward Partner
(DBN)

UK firm cuts lawyers as profits rise 30 per cent
(DBN)

Chesapeake Energy Picks Lawyer Known for Stealth to Conduct CEO Loan Probe
(DBN)

Firm Fined for Not Preserving E-mail Claimed To Be Privileged
(DBN)

Executive Privilege Invoked Over 'Fast And Furious' --- The Fast and Furious Dispute: A Guide --- House Committee Finds Holder in Contempt of Congress
(DBN)

Why aren't firms making video calls?
(DBN)

Firms Finding New Ways to Groom Young Recruits
(DBN)

At Proskauer, Pro Bono As A Practice In The Truest Sense
(DBN)

Associates Knocked Out of the Box: Pays to bottom out, become hopeless
(DBN)

What BigLaw Needs to Learn from Retail
(DBN)

Lawyer moseys through work -- and she gets a workout
(DBN)

Down Goes Bajaj: Reema Pleads Guilty
(DBN)

Ethics 20/20 Panel Seeks Input on Whether UPL Rule Should Be Changed to Accommodate New Technology
(DBN)

Having Trouble Serving a Summons? Take Out an Ad
(DBN)

Judge Nixes $850K Bail Reduction for Law Grad Accused in Dismemberment Slaying of Mercer Classmate
(DBN)

Father Who Told 911 He Beat Man He Saw Raping His Daughter Is Not Charged in Death
(DBN)

George Washington University Law School Reverses Course, Restores Funding for Unemployed Grads Program
(DBN)

ABA/LSAC to Audit Incoming Class Data Reported by Schools
(DBN)

Law School Transparency: Welfare reform
(DBN)

Law School, Youth, and Magical Thinking
(DBN)

UVA : Declaration of Independence :))--- Achieve Greatness: Jumpstart That US News Ranking
(DBN)

Cretaceous Law: Attorneysaurus Rex
(DBN)

A Law Firm Partner and His Boalt Hall Wife Stand Accused of Planting Drugs on an Elementary School Volunteer
(DBN)

New Jersey Woman Sues Her Matchmaker After Being Sent on a Really Bad, Really Expensive Date
(DBN)

Texas Mom Forged Law Degree with Wrong Names, Cops Say
(DBN)

Saudi Executes Another Sorcerer
(DBN)

Cops: Naked mom found eating ice cream after car wreck
(DBN)

Say What?!
(DBN)

______________

Judges:

Laster issues cross-country bench slap
(DBN)

Lawyer Who Pressed Birther Case Is Elected to California Judgeship
(DBN)

Judges and Ethics Officials Disagree on Propriety of Some Litigation Tactics
(DBN)

Poll: Supreme Court Insiders Think Obamacare Is Finished
(DBN)

Both Victim And Judge
(DBN)

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Wall Street:

US Stock -Index Futures Fall
(DBN)

Markets Making Big Comeback, Spanish Yields Falling Nicely
(DBN)

World Stocks Down as Fed Action Deemed Too Little
(DBN)

Stocks Close Mixed After Fed Extends 'Twist'
(DBN)

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Layoffs:

Struggling BlackBerry maker begins job cuts
(DBN)

Fed Expects 'Slow Progress' On Unemployment
(DBN)

Look at How Many Government Workers Fired
(DBN)

Collecting unemployment just got a little tougher
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Municipalities:

Stockton, Calif, preps bankruptcy plan that ends bond payments
(DBN)

Stockton lays out plan for delivering public services during bankruptcy
(DBN)

Report: Stockton bankruptcy may be avoidable
(DBN)

Stockton's Budget Woes Get Another Look
(DBN)

Stockton Bankruptcy Slide Measured in Murder Surge
(DBN)

County could change name of road honoring felon
(DBN)

Jefferson County Sets Hearings On Rates
(DBN)

A New Union Battle As Chicago Teachers, Mayor Clash
(DBN)

______________

Food/Beverages:

Adams Produce's founding family demands answers on how new owners bankrupted company
(DBN)

Fort Worth investor high bidder on Beakley Dairy Queens
(DBN)

The 20 Million
(DBN - NY Times - Paywall Limit Possible)

______________

Economy:

Fed twists again, extending stimulus to weak economy --- Text of the Federal Reserve's statement Wednesday
(DBN)

Bernanke Signals More Easing Likely if Job Growth Wanes
(DBN)

Why a Former Fed Governor Says Fed's Work Is Done
(DBN)

US CEOs view of economy dims in quarter
(DBN)

Meet Jeffrey Lacker, the Fed's Mister No
(DBN)

Fiscal Cliff Might be Worse Than Thought
(DBN)

America's "disconnected" - Families fall through the cracks as states slash welfare
(DBN)

When the economy is "stuck in the mud, austerity just digs it in deeper"
(DBN)

"Every region of the world is experiencing some type of slowdown"
(DBN)

China Manufacturing Slump May Match '08 Crisis
(DBN)

Two New Economic Indicators
(DBN)

Trucking Industry Confirms: The Economy Has Slowed
(DBN)

Oil Drops Below $80 to 8-Month Low on US Supply, Europe Crisis

US Debt Clock
(DBN)

______________

Real Estate:

Sales of Previously Owned U.S. Homes Probably Declined in May
(DBN)

ResCap Court Struggle Takes New Turn
(DBN)

Disbarred Closing Lawyer Gets 1 Year in Bank Fraud Case; Counsel Says He Was Only Helping Clients
(DBN)

Housing Prices Rise, but Not for Everyone
(DBN)

A novel solution to underwater mortgages: eminent domain
(DBN)

Real estate downturn claims Willard Rental
(DBN)

Florida counties sue GSEs over real estate transfer taxes
(DBN)

Fed considers 'funding for lending' program
(DBN)

Empty Houses? Why Furniture Stocks Have Been Falling
(DBN)

____________

Banking:

The great gig of being Jamie Dimon
(DBN)

______________

Trucks:

Navistar adopts takeover defense
(DBN)

______________

Steel:

Auction for Sparrows Point and related assets comes under fire --- Creditors seek to slow RG Steel's rushed sale --- Sparrows Point sale deadline too short - Creditors
(DBN)

RG Steel, creditors urged to agree on sale process
(DBN)

Pension Agency Raises Red Flag In RG Steel Bankruptcy
(DBN)

______________

Fraud:

Bankruptcy judge OKs Petters clawback settlements
(DBN)

Top Courts in U.S. and Britain Enter the Madoff Fray
(DBN)

Madoff investors at Miami brokerage get $7.8 million settlement
(DBN)

Is the “Ponzi Scheme Presumption” Expanding into New Territory?
(DBN)

In Insider and Enron Cases, Balancing Lies and Thievery
(DBN)

Madoff Trustee Picard Joins Twitter
(DBN)

Madoff Class-Action Lawsuit Is Barred by Bankruptcy Judge
(DBN)

Ex-Taylor Bean chairman's fraud conviction upheld
(DBN)

Can Durham Investors Recover Money?
(DBN)

Jury convicts Ind. financier in $200M fraud scheme
(DBN)

_____________

Aviation:

Judge Says AMR Can Terminate Leases on 9 Planes So It Can Buy Them
(DBN)

Pilots' union rejects American contract offer --- APA board will not send out American's offer to pilots for a vote
(DBN)

American Airlines, Allied Pilots Association And Pension Benefit Guaranty Corporation A Step Closer To Protecting Pilot Pensions --- Proposal may freeze American Airlines pilot pension plan, but kill lump-sum option
(DBN)

US Airways-American: The Pros and Cons --- US Airways brings the fight to DFW --- Pilots union seeks assurances in possible merger
(DBN)

NMB says Congress didn’t intend union voting rules to apply retroactively
(DBN)

Air France to cut 5,120 jobs
(DBN)

Things You Can't Do on a Plane: Vol. 20
(DBN)

______________

Corporate Reform:

House appropriations votes to reduce CFTC funding
(DBN)

Cordray Fills Out Staff Roster at CFPB
(DBN)

Dimon pushes to reduce international reach of Dodd-Frank
(DBN)

Rep. Neugebauer Questions Competence Of Financial Regulators
(DBN)

______________

Hotels:

MSR Resorts Say Hilton Dispute Holding Up Reorganization
(DBN)

______________

Consultants:

Shapiro Joins Capstone Advisory Group as Head, Restructuring
(DBN)

______________

MF Global:

JPMorgan Poised to Make 157% on MF Global’s LME Shares
(DBN)

Did Dimon and JP Morgan Steal MF Global Funds? Whalen Thinks So.
(DBN)

______________

Hotels:

Choice Hotels cut to junk at S&P , under review at Moody's --- Choice Hotels shares near 5-year high on dividend
(DBN)

______________

Tax:

Tax Shelters: Why Israel Could Be the Next Switzerland
(DBN)

IRS rejects whistleblower claim that could have led to $712.5 million in recovered taxes
(DBN)

______________

Entertainment:

The Yu-Gi-Oh! Anime Series’ Duel for the Future of the Series in the Western World
(DBN)

______________

Health Care:

Triangle CRO sold, moving to N.D.
(DBN)

At Wyckoff Hospital, Its Ex-Chairman Breaks His Neck
(DBN)

Study: 26,000 Die From Lack of Insurance Each Year
(DBN)

______________

Funeral Services:

Burr Oak Scandal Settlements Start at $50
(DBN)

______________

New Bankruptcy Opinions
(3 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 (12 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, Kodak-Apple, Broadview, Lee Brick: Audio
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Cross-Border:

Vitro's Concurso Plan is Manifestly Contrary to Public Policy . . . at Least for Now
(DBN)

______________

DIP Finance:

Update on Reorganization Financing: Prepayment Premiums, Commitment Fees and Post-Bankruptcy Interest
(DBN)

______________

Automatic Stay:

The Latest in the Mwangi Saga—the U.S. District Court Rules That the Trustee, to the Exclusion of the Debtor, has Exclusive Standing to Pursue Stay Violations Involving Estate Property
(DBN)

______________

Litigation:

9 Tips to Make Cooperation During EDD Like Child's Play
(DBN)

______________

Insurance:

Court finds no D&O coverage where executive officer acted in personal, not official capacity
(DBN)

______________

Autos:

This Is What's Left Of Old GM --- Trust seeks buyers for leftover GM properties --- Wanted: Parents For These GM Orphans
(DBN)

Ex-Treasury official: Bailed-out automakers didn't seek lavish exec pay
(DBN)

UAW Local 467 President calls out Romney for not helping the auto industry
(DBN)

______________

Celebs:

"Just Because You Do Bankruptcy Doesn't Mean You Have to Crawl and Die in a Hole"
(DBN)

Real Housewives of New Jersey: Hekyll and Jyde
(DBN)

Octomom Nadya Suleman’s house officially foreclosed --- ‘Octomom’ Knows Fame — and Now Foreclosure
(DBN)

Ex-Orioles player Eddie Murray is part of insider trading inquiry
(DBN)

______________

Politics:

Scott Brown agrees to Boston media consortium debate --- The Status of the Debate Debate in Massachusetts --- Brown Backs Out of Kennedy Institute Debate --- His debate ploy flops --- Brown Campaign: Warren Is The One 'Dodging' Radio Debate --- Maddow: Scott Brown 'has been kind of weird' --- Elizabeth Warren hits back at Scott Brown over debates --- Liz Warren camp says Cherokee activists tied to senator --- Cherokee women reject Warren accusation of Brown connection
(DBN)

'Romneyomics': How Mitt Would Adjust Economic Dials
(DBN)

'Vehement Partisanship' Threatening US Economy
(DBN)

______________

Lehman:

Lehman subsidiaries could be forced to provide financial support to underfunded pension scheme
(DBN)

______________

Museums:

US slavery museum revises debt plan
(DBN)

______________

Hockey:

Phoenix Coyotes sale: Who is behind Goldwater's lawsuit against Glendale?
(DBN)

______________

Publishing:

Houghton Mifflin venue decision put off; June 21 hearing on track
(DBN)

______________

Sovereigns:

Pari Passu Argument Moved to July 18
(DBN)

______________

UK:

Revenue to challenge £480m avoidance scheme
(DBN)

Formula One boss Bernie Ecclestone could face prosecution after paying £28m 'bribe' to German banker --- Ex-BaynerLB Banker Admits Taking Bribe on Formula 1 Sale
(DBN)

Creditors clear Fitness First CVA restructuring --- KPMG advises on Fitness First CVA
(DBN)

Court case against Farepak directors collapses --- Farepak victim 'rages' at legal challenge abandonment
(DBN)

UK to Give Shareholders Power Over Executive Pay
(DBN)

______________

EU:

The power brokers with Europe's fate in their hands
(DBN)

Angela Merkel ready to relent on bailout deal to give Spain and Italy a lifeline
(DBN)

Merkel Balks at Sovereign Debt Purchases to Beat Crisis
(DBN)

Germany caves: bailout fund will now lend directly to struggling eurozone countries
(DBN)

The German Economy Has Cracked
(DBN)

Margin Call Raised on Another European Country’s Debt
(DBN)

______________

PIIGS:

Banks Face $15 Billion Demand on Spain Downgrade --- Spain is doomed, in three charts --- Spain pays new record for medium-term debt
(DBN)

ie: Judge continues Quinn assets order
(DBN)

Greek coalition takes power, promises to revise bailout --- EU official: it's "delusional" to think we won't need to renegotiate the terms of Greek bailout --- Greek parties agree to form coalition government --- Greece's ailing economy grinds to a halt --- Greeks break months of stalemate by endorsing the unsustainable status quo --- Greece on review for move to emerging markets
(DBN)

Italians Dodge Property Tax in Test for Monti’s Austerity
(DBN)

______________

China:

China factories in eighth month of contraction: PMI
(DBN)

______________

Romania:

Romania court declares state hydro firm insolvent
(DBN)

______________

MENA:

Study Reveals The Key Factor In Why Some Muslim Countries Hate America
(DBN)

______________

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Copyright 2012