June 22, 2012

The Daily Bankruptcy News

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Law:

Dewey Docket: Dump the Leases, Keep the Art --- Dewey & LeBoeuf Creditors to Hire $1,055-an-Hour Lawyer
(DBN)

Law firms to pay $88 mln in Mortgages Ltd/Radical Bunny case related to mortgage crisis
(DBN)

Williams & Connolly, Madoff, ConAgra: Business of Law
(DBN)

Former Greenberg Traurig lawyers form Salazar Jackson
(DBN)

Ex-Law Prof Concludes Women Can’t Have It All, Hits ‘Time Macho’ Culture at Law Firms
(DBN)

What Happened To The Careers?
(DBN)

Baby Boomer Female Lawyers: Remember when we wore Talbots?
(DBN)

Court: Feds improperly seized con man debtor's unearthed cash
(DBN)

Lawyer Convicted of Hiding Bankruptcy Asset for Girlfriend Despite Defense Claim He's Not a 'Moron'
(DBN)

Videos Offer Insight Into Summer Associate Success Secrets; Among Them: Keep Dating Discreet
(DBN)

Summer Associate Stories: Summer Puts On A Show At The Apollo
(DBN)

Law School Transparency: A brief note for Jessi Freud et. al.
(DBN)

Supreme Court Rules Juries Must Determine Facts Used to Set Substantial Criminal Fines
(DBN)

Police Chief in Trayvon Case Fired
(DBN)

Reema Bajaj: The Morning After (Including revelations about Reema from a friend.)
(DBN)

Police Reviewing Video of Abuse of Grandmother On New York Middle School Bus --- Internet Gives Harassed Bus Monitor a $325,000 Vacation
(DBN)

California Lawyers Arrested In Bizarre Alleged Frame Up Of PTA President
(DBN)

“I have now no further use for a birthday”
(DBN)

Oh, That Pam
(DBN)

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Judges:

The Most Popular Justice? Sotomayor Reports Gifts
(DBN)

The Supreme Court Is Fair To Crack Dealers, Corporations Paying Fines, And Those Who Use Profanity, Less So To Unions
(DBN)

Oldest Serving Federal Judge Dies at 99
(DBN)

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Wall Street:

 

15 Major Investment Banks See Their Ratings Cut by Moody's
(DBN)

Goldman Sachs recommends shorting U.S. stocks
(DBN)

U.S. Stocks Tumble Amid Slowdown Concern
(DBN)

Fed caution, weak US data disappoint markets --- Stocks tumble
(DBN)

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Layoffs:

Bank of America Job Cuts Begins
(DBN)

Jobless Claims Hold Steady; 387,000 Filed Last Week
(DBN)

How Many Americans are Really Out of Work?
(DBN)

US states with the biggest changes in jobless aid applications, and some reasons
(DBN)

How to Make Jobs Disappear
(DBN)

Defense cuts cast pall over US jobs picture
(DBN)

Don't Buy the Spin: How Cutting the Pentagon's Budget Could Boost the Economy
(DBN)

Fewer CEOs plan to hire, boost spending in 2012
(DBN)

The Best Jobs That Don't Require A Bachelor's Degree
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Telecoms:

Lightsquared Seeks $30 Million Loan to Run in Bankruptcy
(DBN)

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Fraud:

Laura Pendergest-Holt: Stanford Financial CIO Pleads Guilty To Obstruction Charges
(DBN)

SEC Charges Florida Investor For Not Telling Clients He Invested Based On Lunar Cycles --- Fake Astrology-Based Hedge Fund Threatens To Ruin Things For All The Legit Astrology-Based Hedge Funds
(DBN)

For Convicted Financier, a Farewell to Bugatti and Other Baubles
(DBN)

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Portraits:

CPI Corp. appoints restructuring officer
(DBN)

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Corporate Reform:

CFPB makes changes to senior leadership
(DBN)

US consumer agency faces suit over broad powers
(DBN)

Texas bank sues to overturn key element of Dodd-Frank
(DBN)

SEC Head Testifies on Regulation of Money Market Mutual Funds --- SEC's Schapiro: Money Funds Need More Reforms --- Schapiro Tells Congress Money Markets Still Prone to Runs
(DBN)

Lack of banker prosecutions debated after ING sanctions case
(DBN)

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Defaults:

Fitch US high-yield default rate tops 2% in May
(DBN)

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Religion:

Diocese of Davenport bankruptcy comes to an end
(DBN)

Facing $17 million deficit, Archdiocese closes youth office, newspaper
(DBN)

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Autos:

Ex-GM plants for sale; must create jobs
(DBN)

GM Retirees Hit with Grueling Pension Change
(DBN)

Citi Trims US Auto Sales Forecast
(DBN)

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Tax:

Latest US-Swiss Deal Makes Clear: No Hiding Cash In Big Swiss Banks
(DBN)

Tax Return Preparers Helped Clients Hide Millions Offshore
(DBN)

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Energy:

Revised Dynegy analysis puts senior note recovery at 59-89%
(DBN)

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Photography:

Reimbursements requests for work on Kodak bankruptcy total $28.4
(DBN)

______________

Alternative Energy:

BrightSource Wins Bid for Solar Trust's 500-Megawatt Project
(DBN)

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Economy:

Manufacturing growth slows, labor market struggling
(DBN)

Existing-Home Sales Drop 1.5%; U.S. Jobless Claims Down 2,000
(DBN)

World stocks, oil down after weak factory data
(DBN)

The downturn has hit young families' net worth the hardest
(DBN)

Despite slowdown, recession not inevitable
(DBN)

Should the Fed Open a Stock Brokerage Account?
(DBN)

Why Bernanke’s not doing more
(DBN)

America's Long Slope Down
(DBN)

12 Reasons Why The US Recession Has Already Arrived
(DBN)

Crude oil falls below $80 a barrel on lower economic outlook --- Natural Gas Prices Spike Higher
(DBN)

Measure of US Economy Rose 0.3 Percent in May
(DBN)

Everything Wrong with the Economy Today
(DBN)

Paul Krugman on the 'Cartoon Physics' of the 2008 Crash
(DBN)

Retirement: 70 is the New 65 --- Half of Current Workers Won't Be Able to Retire at 65
(DBN)

US Shouldn't Lecture Europe on Debt Crisis
(DBN)

Greenspan: `Global Slack' in the Economy
(DBN)

The State Of The World Economy
(DBN)

The Economic History of the Last 2000 Years
(DBN)

Adult children move back home in tough economy
(DBN)

Trucking Industry: Economy Has Slowed
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Why using eminent domain for liens is a bad idea
(DBN)

Average home prices up in May, but number of sales falls
(DBN)

Rate on 30-year mortgage falls to record low
(DBN)

Mortgage Delinquencies Jump
(DBN)

Homeownership Is Terrible For The US Economy
(DBN)

Quarles & Brady to pay $26.5 million for Ponzi scheme settlement
(DBN)

Foreclosure attorney who counseled clients to break into their homes facing loss of law license
(DBN)

First mortgage default rates decline by more than one-quarter of a percentage point in May
(DBN)

Foreclosure activity increasing after $25B bank settlement
(DBN)

U.S. Banks to Pay $125,000 to Those Hurt Worst in Foreclosures
(DBN)

Nearly 200,000 borrowers want foreclosure review
(DBN)

CMBS, Distress Debt Plays Returning to Market
(DBN)

U.S. Agency Approves $100M To Finance African Commercial Real Estate?
(DBN)

____________

Publishing:

Houghton Mifflin to Exit Bankruptcy But Must Move Case
(DBN)

______________

Aviation:

Judge says he’ll rule Thursday or Friday on American Airlines request for preliminary injunction
(DBN)

Judge delays ruling on union contracts at American Airlines --- Postpones Labor Ruling Until June 29 --- APA: Judge told us to decide by Wednesday, June 27
(DBN)

American Airlines outlines details of pilot proposal
(DBN)

Feds offer AMR relief on pilots' pension standoff
(DBN)

Old Friends Face Off for AMR
(DBN)

Pilots' union to ask American Airlines, bankruptcy judge for more time?
(DBN)

American Airlines Asks Court to Block Agents' Union Vote
(DBN)

American Airlines is in a tough union fight
(DBN)

American Airlines trims its target for employee-related savings
(DBN)

Pilots nix American’s latest offer; Sec. 1113 court ruling up next
(DBN)

US Airways Climbs as AMR Labor Woes Raise Odds of Merger
(DBN)

Some American Airlines’ workers rally before a court hearing in Fort Worth
(DBN)

No soft landing for indebted Velvet Sky
(DBN)

______________

Steel:

ThyssenKrupp, RG Steel may struggle to sell mills
(DBN)

With no buyers in sight, lenders aim to liquidate Sparrows Point
(DBN)

RG Steel, Creditors Agree To Extend Sale Process
(DBN)

______________

Pensions:

Creditors committee backs continued payment to beneficiaries --- Fund wants to pay 100% pension, 50% premiums
(DBN)

Plan Sponsors in Bankruptcy Could Get Anti-Cutback Exception
(DBN)

______________

Banking:

Moody's Downgrades Global Banks --- Morgan Stanley Avoids Disaster By A Hair — How Wall Street's Doing After The Moody's Downgrade
(DBN)

Moody's Bank Downgrades: Market Says 'Meh'
(DBN)

JPMorgan Turns To BlueMountain To Unwind CDS Disaster
(DBN)

JPMorgan trading loss could hit $6B
(DBN)

FDIC Professional Liability Lawsuits Deserve Close Scrutiny
(DBN)

Morgan Stanley to Pay $5M for Broken Recruiting Promise
(DBN)

Some TARP Recipients Still in Trouble
(DBN)

Check Out Life As A Banker In Moscow, Where Firms Are Hiring Like Crazy
(DBN)

______________

Coal:

Coal official says Arch Coal plans layoffs in Ky.- 500 jobs
(DBN)

______________

Corporate Governance:

Corporate Governance Twofer
(DBN)

______________

Credit/Debit Cards:

Further Declines in Credit Card Defaults and Delinquencies
(DBN)

Capital One card is No. 1 — in complaints
(DBN)

______________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (25 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:

Rochelle on Paulson Resorts, Dynegy, Quick RG Steel Sale: Audio
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

DIP Finance:

Lightsquared details DIP loan
(DBN)

______________

Securitization:

Securitization Fail-Litigation Update
(DBN)

______________

Insurance:

Interview with Professional Liability Insurance Industry Leader David Bell
(DBN)

Syncora ruling great for monolines, but how about MBS investors?
(DBN)

______________

Trustees:

Eastern District of Virginia Applies Barton Analysis to Determine Whether Trustee Can Be Sued in State Court
(DBN)

______________

Municipalities:

Stockton Ready to Slash Debt as Chap. 9 Looms
(DBN)

California's Stockton May Skip $10 Million Owed on Debt
(DBN)

Grim prospects for Stockton as bankruptcy looms
(DBN)

House approves change for Act 47
(DBN)

Whitney Stands by Call on Municipal Defaults --- The Remarkable Life Of One Of Wall Street's Loudest Voices
(DBN)

Public-sector pensions: Burning fast
(DBN)

American Austerity: Why the States Cutting Spending Are Doing Worse
(DBN)

Americans Want to Keep Teachers, Cops and Firefighters on the Job
(DBN)

Great Recession took deep toll across U.S. states
(DBN)

The US's for-profit prison industry by the numbers
(DBN)

______________

Politics:

Brown, Warren agree to terms for third debate --- Sen. Brown: I've held meetings with kings, queens --- Brown: I meet with kings, queens daily --- Senator Scott Brown 'misspoke' in claiming meetings with royalty, spokesman says --- Barney Frank, Elizabeth Warren spar with Herald reporter --- Inside Elizabeth Warren's cash machine --- Warren Seeks to Move Past Cherokee Roots in Senate Race --- Warren seen as 2016 favorite
(DBN)

Bowles: Romney Tax Cuts Would Kill Mortgage Interest Deduction
(DBN)

Romney Created Lots of Jobs: Overseas
(DBN)

______________

IP:

Apple filing could delay Kodak patent sale
(DBN)

______________

Celebs:

Jennifer Williams' Bentley To Be Repossessed
(DBN)

Octomom Nadya Suleman's newest money-making gig is cash loans
(DBN)

______________

Food/Beverage:

PACA: USDA restricts Third Coast Produce, other companies
(DBN)

All the Memorabilia From Mickey Mantle’s Is Up for Auction, Which Doesn’t Please Everybody
(DBN)

______________

Education:

Kaplan University to Lay Off 200, Mostly in South Florida
(DBN)

______________

Health Care:

Hospital files for bankruptcy
(DBN)

______________

Defense:

Defense industry bracing for big cutbacks
(DBN)

______________

Cross-Border:

Bankruptcy Court Denies Recognition to Mexican Financial Restructuring Plan; Decision to be Appealed to the Fifth Circuit
(DBN)

______________

Sovereigns:

The ‘Robin Hood of sovereign debt’
(DBN)

______________

UK:

Farepak collapse caused by bankers, says judge --- HBOS took Farepak cash with knowledge company was heading for the brink --- Insolvency Service backs down --- Taxpayers 'may foot Farepak bill' --- Fury over collapse of Farepak legal action
(DBN)

______________

EU:

ECB may change collateral rules on some loans
(DBN)

Germany infected by eurozone woe
(DBN)

Worrying New Data Euro Crisis Reaches German Industry
(DBN)

German business optimism fades as crisis bites
(DBN)

The Euro and Dow are Crumbling
(DBN)

______________

PIIGS:

Spanish banks need up to 62 billion euros --- Spain Banks Need Up To $78B In New Capital, Audit Shows --- ECB to relax loan rules for Spanish banks --- Spain to seek bank aid as borrowing costs soar
(DBN)

Ireland headed for massive mortgage defaults , economist warns --- ie: Intra Jurisdictional Bankruptcy And IBRC v Quinn
(DBN)

Greek bailout wish-list sets up showdown with Europe --- Greece Decides Against Imposing Layoffs --- Greece to seek extension for budget targets --- Per capita GDP declines --- Squeeze Greece or find funds yourselves, euro chief warns --- Greek government seeks two-year extension to bailout ---Greece's Euro-zone Partners Want to See Reforms First --- Hedgie makes Greek profit a feta accompli
(DBN)--- Would Greece Leaving The Eurozone Make Greek Yogurt Cheaper?
(DBN)

Euro Chiefs Spar on Greek, Spanish Aid in Summit Clash Preview
(DBN)

Condition acute for eurozone
(DBN)

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Copyright 2012