June 26, 2012

The Daily Bankruptcy News

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Law:

Questions an Inquiry Commission Might Have About the Dewey & LeBoeuf Crash --- Going to School on Dewey --- Brokers struggle to find Dewey replacement and land $10M commission --- Individual Dewey Partners and Banks That Loaned Them Equity to Pay to Firm Are Now at Odds --- Barclays and Citibank to renegotiate terms of Dewey partner loans
(DBN)

Bancroft, Orrick, WilmerHale, Simson: Business of Law
(DBN)

Winston & Strawn, Steptoe, Proskauer: Business of Law
(DBN)

Trustee Evaluates Harsh Comments on Bankruptcy Fee Proposals
(DBN)

Law Grads Face a Brutal Job Market
(DBN)

Legal Professionals Enjoying Greater Bargaining Power Amid Renewed Hiring
(DBN)

Hunt for legal eagle fraudsters aims too low
(DBN)

Odd Misperceptions Of Job Qualifications
(DBN)

Clifford Chance partners urged to share contacts for good of corporate
(DBN)

Harrisburg Bankruptcy Proceedings Led Key Wins For Cozen O'Connor's 400-Lawyer Litigation Practice
(DBN)

The Pedigree Problem: Are Law School Ties Choking the Profession?
(DBN)

Graduates Of These Law Schools Might Have Gone Into A Lot Of Debt For No Good Reason
(DBN)

‘Entry’ Fee: Surprise–Inexperienced Associates Cost More
(DBN)

Law Firms Hanging Out The "No Openings" Sign
(DBN)

As Applicant Numbers Dwindle, Law Schools Entice Students with Generous Scholarships
(DBN)

3L With Law School Debt and Underwater Mortgage Wants A New Car. Stupid Is As Stupid Does.
(DBN)

What the 1L?! Readers Assess 66-Year-Old’s Michigan Law Grad’s Retirement Plan
(DBN)

No help wanted
(DBN)

U of Denver’s Law School Takes an Extra Step Toward Transparency for Its Graduate Employment Data
(DBN)

Dismal job market for law school grads
(DBN)

Strength of Weak Ties: Why lawyers should go beyond legal sector looking for work
(DBN)

JDs Not Practicing Law: Shift to iEconomy mindset
(DBN)

How To Write Onto Law Review? Step 1: Follow The Instructions
(DBN)

What People Really Do When They're 'Working From Home'
(DBN)

Apps Put Videoconferencing in Lawyers’ Hands
(DBN)

The Best iPad/Tablet Stylus
(DBN)

Infante Zumpano partners form new law firm
(DBN)

Come the Evolution: Ethics 20/20 Proposals Seek to Adapt Existing Professional Conduct Rules
(DBN)

Shaken by Ordeal with Gunman, Lawyer Takes a Day Off and Ponders Priorities
(DBN)

Scammers Assume Identities of California Lawyers Using Online Information
(DBN)

Grammar Sticklers Police Workplace; Lawyer Battles Colleagues over the Oxford Comma
(DBN)

Quote of the Day: Do You Really Want To Slide Down That Slope?
(DBN)

Something LeBron Said
(DBN)

An Online General Counsel Imagines a School for GCs
(DBN)

Not Covered In Law School, But Critical to Law Practice: Cybersecurity
(DBN)

When BigLaw Keeps Preferring Top-Tier Schools, Innovation Suffers
(DBN)

Legal Spirits: Attorney Distills His Legal Acumen to Steer Career Shift
(DBN)

Sandusky's Lawyers Tried to Quit Before Trial
(DBN)

Police accuse man of . . .
(DBN)

“Thanks for saving my life. That’ll cost you $5 million.”
(DBN)

Woman hit with baseball sues Little League player
(DBN)

‘Breach of Trust’ Tells Ripped-from-the-Headlines Tale of Government Corruption and Intrigue
(DBN)

Say What?!
(DBN)

______________

Judges:

Judge Faces Disciplinary Hearing Over Photos Posted by Attorney Husband on the Internet
(DBN)

Image Is Everything
(DBN)

Posner Takes a Swipe at Lawyers in Smartphone Patent Dispute
(DBN)

Mom Who Cut Teen Daughter’s Hair in Court Complains About Judge; Do ‘Shame’ Sentences Work?
(DBN)

Tense wait for court ruling on Obamacare
(DBN)

Husbands and Wives of Nation’s Constitutional Law Professors Collectively File for Divorce :))
(DBN)

Big Week for the Supreme Court
(DBN)

What's With Our Supreme Court?
(DBN)

Scalia Slams Obama In His Arizona Immigration Dissent --- Everyone Is Ripping Supreme Court Justice Scalia For His Arizona Immigration Dissent
(DBN)

Court’s Immigration Ruling Emphasizes Republican Split
(DBN)

Here's What The Supreme Court's Arizona Immigration Ruling Really Means
(DBN)

While We’re Waiting For Obamacare, It’s All About The Dissents
(DBN)

Pruning the Judicial Branch: State Laws Target ‘Activist Judges’
(DBN)

The Limits of Civility: How A Proposal On Reforming The Supreme Court Unleashed A Torrent Of Personal Attacks
(DBN)

The Citation Wars.
(DBN)

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Wall Street:

US Stock Futures Gain Before Consumer Confidence Data
(DBN)

Stocks dive as Spain seeks help for banks
(DBN)

______________

Layoffs:

Trucking Jobs Still Going Unfilled
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

DVDs:

Cinram files bankruptcy, sells assets and operations
(DBN)

______________

Steel:

RG Steel judge asked to allow environmental appeal
(DBN)

______________

Health Care:

Saint Catherine Regional Hospital in Indiana Files for Chapter 11
(DBN)

Fitch: New Bad Debt Reporting Guidelines Better for Hospitals
(DBN)

Minnesota AG Wants to Expand Lawsuit Against Accretive Health
(DBN)

What Moody's Bank Downgrades Mean for Hospitals --- Hospital Bond Tremors: Moody's Downgrades 15 Global Banks
(DBN)

Chapter 11 Plan of Saint Vincent Catholic Medical Centers of New York Confirmed
(DBN)

What Killed Us, Then and Now
(DBN)

______________

Economy:

Taxing the Rich Battle Goes Global
(DBN)

Two-thirds of Americans wouldn't survive a financial emergency
(DBN)

U.S. Businesses Preparing For Worst on Euro Risks
(DBN)

America is no longer a land of opportunity
(DBN)

Anxiety Up, So Rich Run to Swiss Banks
(DBN)

O'Neill: Forget EU, U. S. is the Bigger Threat
(DBN)

Rosenberg: This is a Modern Day Depression
(DBN)

Economist: Consumers Can't Save Economy
(DBN)

US Debt Levels Falling to Pre-Crisis Levels
(DBN)

Economists Give Obama, Congress a "D"
(DBN)

US to Fall Off Fiscal Cliff Next Year
(DBN)

Failing Oil Prices Could Start Real Recovery
(DBN)

World's Age Demographics to Change by 2025
(DBN)

25 More Signs That America Is Not The Greatest Country On Earth
(DBN)

The 15 Maps That Explain The World In 2012
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Sales of New Homes in U.S. Increased to Two-Year High in May
(DBN)

Real estate economists optimistic about housing recovery
(DBN)

Shiller: Lenders Need to Write Down Mortgages
(DBN)

Servicer Penalties Rise as Foreclosures Lag
(DBN)

Eaton v. Fannie Mae Analysis
(DBN)

FHFA Wants Money Transferred from Local Government to Bondholders
(DBN)

Distressed Opportunities Slow to Come to Market
(DBN)

Small Cities Will Be The Best Housing Markets For The Next 20 Years
(DBN)

____________

Oil/Gas:

Chesapeake leads energy stock retreat
(DBN)

North America Is Poised For Huge Natural Gas Shock
(DBN)

______________

Fraud:

NY attorney general: Victims in Madoff fraud to get $405M within 3 years, with more expected
(DBN)

Madoff trustee puts up dukes over New York's $410 mln deal with ...
(DBN)

Supreme Court Declines to Review Madoff Payout Plan --- Picard Angers Customers By Trying To Recover Funds From 'Net Winners' --- Supreme Court Net Equity Decision Permits SIPA Trustee to file Motion for Second Interim Pro Rata Distribution
(DBN)

Madoff Customer Pool May Grow to $7.3 Billion by July 16
(DBN)

Madoff Investor Appeal Won’t Be Heard by Supreme Court
(DBN)

Rothstein Says Firm's General Counsel Knew About Ponzi Scheme
(DBN)

Kelsey Grammer Sued By Lydia Cornell After Both Get Duped By Celebrity Ponzi Scheme Website
(DBN)

Congressmen Trade Stock of Companies They Regulate
(DBN)

Study Finds That People Who Believe In Heaven Are More Likely To Commit Crimes
(DBN)

______________

Mass Torts:

$48 million asbestos verdict includes punitive damages
(DBN)

______________

Banking:

Credit Suisse to make heavy job cuts in Europe
(DBN)

U.S. Banks Aren't Nearly Ready for Coming European Crisis
(DBN)

Chart: Lessons from Banking Crises Since 1970
(DBN)

Greenhill Hires Bankruptcy Veteran From Lazard
(DBN)

Banks fight Fed's push to make them less entwined
(DBN)

Unofficial Problem Bank List Now 921
(DBN)

______________

Municipalities:

OC City Faces Bankruptcy , Unincorporation As Revenues Plunge
(DBN)

CA: Stockton Set to be Largest Bankrupt City
(DBN)

Stockton, Calif. to take up bankruptcy budget plan
(DBN)

Pa. lawmakers expected to extend bankruptcy moratorium on Harrisburg, other third-class cities
(DBN)

With No Vote, Taxpayers Stuck With Tab on Bonds
(DBN)

A Georgia Town Takes the People's Business Private
(DBN)

Attorney: City retirees approve pension changes
(DBN)

Your Ad Here, on a Fire Truck? Broke Cities Sell Naming Rights
(DBN)

______________

Pensions:

Retiree Jack Angello seeks $378K from Marianas Fund
(DBN)

______________

Aviation:

APA board members: American Airlines offer was too vague for a quick decision
(DBN)

American Airlines is ‘pleased’ with court ruling in NMB/CWA case
(DBN)

CWA calls judge’s decision ‘a disgrace and a travesty of justice’
(DBN)

Judge rules in American Airlines’ favor in union dispute
(DBN)

APFA: We and American Airlines want to reopen contract talks
(DBN)

______________

Defaults:

Fitch: US High Yield Default Rate Rises Above 2%
(DBN)

______________

Debt Collection:

The Facts Behind the Fantasies About Debt Collection Complaints
(DBN)

______________

Agriculture:

Grain buyers, warehouses and insolvency
(DBN)

______________

Publishing:

Houghton Mifflin emerges from Chapter 11
(DBN)

______________

Celebs:

Too Close For Comfort?! Kelsey Named In Ponzi Scheme Legal Docs
(DBN)

______________

Politics:

The Romney and Michael Milken deal
(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 (32 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (111 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:

Houghton, Ritz Camera, Hostess, Dewey, Bicent: Bankruptcy
(DBN)

***And the Winners of Rudy's Tickets Are...***
(DBN)

Rochelle on Madoff Appeal, Vitro Hearing, Kodak Retirees: Audio
(DBN)

The Bankruptcy Files: MF Global, Ritz Camera, and Stockton, California
(DBN)

______________

Bankruptcy Statistics:

US Ranks 15th Globally In Resolving Insolvencies
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Subordination:

Beyond mere subordination: are your waivers worth the paper they are printed on?
(DBN)

______________

Jurisdiction:

Stern : One Year Later
(DBN)

______________

Interest:

An oversecured lender’s right to default interest and late payment penalties
(DBN)

______________

Litigation:

Experts Propose Defensible E-Discovery Standards
(DBN)

Study Tech-Aided Review Before It’s an Ethics Issue
(DBN)

Don’t Be Seduced: Falling in Love with Your Case Means You Won’t See Its Shortcomings
(DBN)

Paladins: High-Demand Litigators Make Travel Work for Them
(DBN)

______________

Insurance:

Chubb Survey Shows 'Disconcerting' Lack of D&O Worries
(DBN)

______________

Religion:

Convicted Pa. Catholic official seeks house arrest
(DBN)

Conviction puts Catholic hierarchy on notice
(DBN)

Pa. priest's case points up conscience vs. obedience
(DBN)

______________

Distressed Investing:

Howard Marks on Distressed Debt
(DBN)

______________

Autos:

Recovery Picks Up for Auto Parts Suppliers
(DBN)

______________

Food/Beverage:

Buffets details $50M exit loan
(DBN)

______________

Telecoms:

Nortel can't settle deferred compensation dispute
(DBN)

______________

Shipping:

Shiver me timbers! The bankers are boarding
(DBN)

Recent trends in shipping finance
(DBN)

______________

Cross-Border:

Singer’s Hedge Fund Fights Mexico Elite in U.S. Legal Showdown
(DBN)

Vitro Seeks Solution to Debt Restructuring Issue
(DBN)

In re Vitro: The Limits of Comity Under Chapter 15
(DBN)

International Restructuring Newswire
(DBN)

______________

Sovereigns:

Supreme Court won't hear Argentine debt default case
(DBN)

______________

UK:

Rangers' new owner warns players against dissent
(DBN)

Portsmouth FC creditors approve CVA
(DBN)

Banks pursue Ex-Dewey partners over practice loans
(DBN)

Business insolvencies in May remain stable
(DBN)

A quarter of UK retailers at risk of collapse
(DBN)

Insolvency looms for Scottish clubs with or without Rangers
(DBN)

Kate Middleton must curtsy to 'blood princesses': Royal pecking order revealed
(DBN)

______________

EU:

Fitch junks Cyprus --- Cyprus requests eurozone bailout
(DBN)

European Debt Crisis Hits Overseas Aid To Poor Nations
(DBN)

Germany to US Over Deficits: Shut Up
(DBN)

Soros: Germany Must Step Up and Save Euro
(DBN)

German Finance Minister: This Is What Needs To Happen For Us To Save Europe
(DBN)

______________

PIIGS:

Spain formally requests aid for banks --- Spain , Cyprus Seek Bailouts for Their Ailing Banks --- Moody's Downgrades 28 Spanish Banks, 16 Remain On Review --- Germany and Spain a step away from Euro repeat --- Spain formally applies for €100 billion bailout fund --- Spain's troubled banks: Truth hurts
(DBN)

US Economist Paul Krugman: “Forget About Greece, It’s a Lost Cause” --- German Finance Minister W. Schaeuble: “Greece Has not Done Enough!” --- Greece Locked out of Markets Until 2017 or even 2022 --- Greek finance minister resigns, crisis deepens
(DBN)

IFR-Italy: In control of its own fate
(DBN)

Greece, Ireland, Portugal, Spain , Italy — France?
(DBN)

______________

Canada:

Catalyst creditors approve restructuring plan
(DBN)

'Seniors' moment' pays off for Catalyst
(DBN)

Is Canada Too Smug About Its Economic Future?
(DBN)

______________

Bahamas:

Clico Liquidator Blasts $52m Trini 'Harassment'
(DBN)

______________

China:

China's Downturn Worse Than Thought
(DBN)

Small US Manufacturers Give Up on China
(DBN)

More Evidence That China's Economic Data Is Faked
(DBN)

______________

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Copyright 2012