June 28, 2012

The Daily Bankruptcy News

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Law:

It only took a few months for Dewey & LeBoeuf to collapse, but the reasons behind its fall were years in the making. --- Dewey trainee facing deportation over visa issues --- A former Finley Kumble partner looks back on the firm's collapse and how it compares to Dewey's.
(DBN)

Hey Lawyers, Lighten Up, Fellow Attorney Advises
(DBN)

BDO refused appeal in bid to recover cash from former Halliwells partner
(DBN)

The A List --- Familiar Faces
(DBN)

Kirkland, Dorsey, Wachtell, Gardere: Business of Law
(DBN)

They Are Not Miserable. Really.
(DBN)

More Job Market Data Showing a Structural Shift --- These Data Will Fundamentally Reshape the Legal Education Industry
(DBN)

Powering Down the Attorney and Welcoming Back the Human
(DBN)

Herbert Smith to Merge With Freehills, Open in New York
(DBN)

Del. Firm Connolly Bove Said to Be Preparing for Split
(DBN)

Post Dot-com Crash, Silicon Valley Law Firms Still Want Start-Up Clients, But Take New View on Fees
(DBN)

Fired Law Firm Worker Is Charged with Hacking into Server
(DBN)

McKool, but not Manatt, Settles Malpractice Suit With Retired NFL Players
(DBN)

Longtime Leader Who Saw Small Firm Become One of NJ’s Biggest Over 80-Year Career Dies at 104
(DBN)

Adelphia Recovery Trust Announces Settlement With Buchanan Ingersoll
(DBN)

Former Legal Chief for US Arm of Fujitec Is Accused of Stealing $180K via Fake Claims and Expenses
(DBN)

What Does It Take to Stand Out?
(DBN)

Turns Out An Art Degree is a Better Career Move Than Law School
(DBN)

Jobless in Legal Sector: That doesn't have to be
(DBN)

Lawyerly Lairs: Retired Skadden Partner ‘Downsizes’ to $3 Million Penthouse
(DBN)

New Google Tablet Gives Lawyers Low-Cost Option to Apple iPad
(DBN)

Law Firms Must Watch Out for 'Doppelganger Domain Names'
(DBN)

The Growing 'Barratry Law Niche' in Texas and Other States
(DBN)

A&M to Pay Millions for Texas Wesleyan School of Law
(DBN)

Law Prof, Fired After Gun Talk, Fights to Regain His Job --- Law Professor Promises He Was Just Joking About Shooting People
(DBN)

Law Student Wants Facebook Friends To Know He’s Better Than Them
(DBN)

Law School Transparency: Gone to Texas
(DBN)

John Marshall throws open doors to new student amenities
(DBN)

Unhappy Ending to Fairy Tale California Romance
(DBN)

Lost Generation of Lawyers: Will those stressed JDs also develop Alzheimer's in high numbers
(DBN)

Vampire Flick Just Sucked Money, Lender Says
(DBN)

Book by Casey Anthony Lawyer Jose Baez Tells of Doubts About His Client’s Mental Health
(DBN)

Holder Contempt Vote to Proceed in U.S. House, Boehner Says
(DBN)

Law Firm Says Courtney Love Owes it $436K
(DBN)

Where Did the Fortune 500 CEOs Go to Law School?
(DBN)

Husband Suing Ex-Wife Over 1,200-Pair Shoe Collection
(DBN)

Violent Pack of Leprechauns Allegedly Roaming the Streets of Seattle
(DBN)

Motorcyclist Roughly Arrested After Refusing to Give up His Helmet Cam; Camera Films the Whole Thing
(DBN)

Say What?!
(DBN)

______________

Judges:

Posner Pwns Scalia
(DBN)

Obama to learn Supreme Court health verdict from news --- Poll: Nation divided on health care law ahead of Supreme Court ruling --- Medicaid Expansion Goes Overlooked In Supreme Court Anticipation --- Supreme Court Health Care Decision Will Define The Future Of The American Health Care System --- A reader’s guide to health care ruling --- Health Care Ruling: This Will be Bad
(DBN)

Saving the 'best' for last: Landmark final days at the Roberts Court
(DBN)

A Courthouse Bathroom Stall Isn’t the Best Place to . . .
(DBN)

Did Justice Scalia cross the line and become a partisan pundit?
(DBN)

David Letteman: Supreme Court Top Ten
(DBN)

Anthony Kennedy, the Justice Everyone Is Watching
(DBN)

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Wall Street:

U.S. Stock Futures Gain After Upbeat Data
(DBN)

Stocks Close Higher
(DBN)

Wall St. Profits Per Employee vs. Other Firms
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

American Airlines pilots will vote on contract
(DBN)

APA: Judge’s ruling won’t come until pilots finish voting on Wednesday, Aug. 8
(DBN)

APA president: tentative agreement has "clear improvements" over Section 1113 term sheets
(DBN)

Flight attendants union ready to negotiate with American Airlines
(DBN)

American, flight attendants union to talk again next week, pilots union deal may provide hope for agreement
(DBN)

Hold off on US Airways/ American Airlines marriage
(DBN)

Is AMR Getting Healthy in Bankruptcy ?
(DBN)

AMR Labor Talks Race Clock as Judge's Deadline Nears for Accord
(DBN)

Northstar Aerospace to Sell $70 Million in Assets in Bankruptcy Sale
(DBN)

Hawker Beechcraft reports $90 million net loss in May
(DBN)

Private Jet Sales Slow to Take Back Off
(DBN)

Aveos unit to be sold piecemeal for C$10.8 mln
(DBN)

Quote of the Day: Ashes to Ashes
(DBN)

Air Finland cancels nine services following filing for bankruptcy
(DBN)

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Economy:

Slowdown Concern Ebbs on Durables, U.S. Home Sales
(DBN)

Durable Goods Orders May Point to U.S. Manufacturing Slowdown
(DBN)

OECD: US Recovering, Inequality a Problem
(DBN)

OECD: Rich Americans Should Pay More Taxes
(DBN)

"Fiscal policy something something": Central banks' latest lame excuses
(DBN)

How High Will the Looming Debt Wall Be? Wall Street, Berlin Wall or Great Wall of China? Pick A Wall, Any Wall…
(DBN)

Corporate America Preps for Fiscal Cliff
(DBN)

Fed's Evans: Why Aren't We Doing More?
(DBN)

Payroll Tax Cut Heads for Lapse as Lawmakers Doubt Policy
(DBN)

Emperor Ben Bernanke Has No Clothes
(DBN)

Oil above $80 amid signs of improving US economy --- Big Users Bet on More Oil Price Falls --- Cheap Oil Won't Save World Economy
(DBN)

US to Become #2 for Oil Production by 2020
(DBN)

US Poor: Better Off Than Ever
(DBN)

Depression's Big Lesson: Avoid Debt Deflation
(DBN)

Financial Crisis Management in Three Charts
(DBN)

Why It's 1931 All Over Again
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Contracts to buy US homes reach 2-year high
(DBN)

Fighting Foreclosure Fatigue
(DBN)

Servicers cut principal on 10% of mortgage mods, numbers expected to rise
(DBN)

Mortgage servicers complete more foreclosures in 1Q
(DBN)

Mortgage applications fall 7.1%: MBA
(DBN)

Phoenix home prices reach 41-month high
(DBN)

How the Cities Did in April 2012
(DBN)

Condo prices increase
(DBN)

Popular nontraded REIT puts several properties into bankruptcy
(DBN)

How SCOTUS real estate case could affect Internet privacy litigation
(DBN)

Consumer watchdog boosts scrutiny of reverse mortgages
(DBN)

Frisco Square Owner Files for Bankruptcy
(DBN)

____________

Fraud:

Madoff's brother pleads guilty, faces 10 years' jail --- $143B Plea Deal
(DBN)

All In The (Madoff)Family: Brother Peter nailed, now could sons not have known?
(DBN)

Madoff Victims See No End in Sight to Legal Struggles
(DBN)

US SEC charges Falcone, Harbinger with fraud
(DBN)

Imprisoned Ex-Attorney Scott Rothstein: Other Lawyers Had Some Knowledge of State’s Biggest Swindle
(DBN)

______________

Banking:

Big Banks to Tell U.S. Regulators How to Dismember Their Corpses
(DBN)

Barclays Libor fix trail leads to senior managers --- Barclays pays $450m to end Libor probe --- Barclays' gift to private antitrust plaintiffs in Libor case
(DBN)

______________

Celebs:

Lenny Dykstra agrees to plea deal in bankruptcy fraud case
(DBN)

______________

Flags:

American Flag Seller Files for Bankruptcy
(DBN)

______________

Alternative Energy:

BrightSource Energy approved to buy solar power project
(DBN)

______________

Museums:

Wilder testifies at hearing on US slavery museum
(DBN)

______________

Volleyball:

Bankrupt AVP beach v'ball tour to resume in Cinci
(DBN)

______________

Health Care:

Florence Hospital employees left with nothing in bankruptcy court
(DBN)

US Doctors: We Could Go Out of Business
(DBN)

OECD Backs Obamacare
(DBN)

______________

Student Debt:

U.S. House to Pair Student Loan, Highway Measures
(DBN)

______________

Credit Counseling:

Judicial Branch, consumer attorneys square off over new statute
(DBN)

______________

Politics:

US Sen. Brown, Warren joust on student loan deal
(DBN)

GOP Win Won't Bring Deficit Reduction
(DBN)

______________

Consultants:

GCG Promotes Angela Ferrante to Vice President, Bankruptcy Operations
(DBN)

______________

Corporate Governance:

Business Judgment Rule In California Continues On Its Tortured Path
(DBN)

Challenging the Long-Held Belief in 'Shareholder Value'
(DBN)

Chancellor Leo Strine Addresses Stanford Directors' College
(DBN)

Why shareholders don't actually own public companies and are hurting America
(DBN)

______________

Art:

For Arts Institutions, Thinking Big Can Be Suicidal
(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 (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (33 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:

Quinn Emanuel: Bankruptcy & Restructuring Update
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Discharge:

Class Accuses Capital One of Cruel Scheme
(DBN)

______________

Automatic Stay:

Tarnishing the Debtor’s Halo – Police Power Exemption Applied to Private Actions
(DBN)

______________

Litigation:

Federal Judicial Center Updates E-Discovery Pocket Guide
(DBN)

______________

Religion:

Lubavitch Chabad files for bankruptcy
(DBN)

______________

MF Global:

Conoco fights MF Global trustee over $93.5 million
(DBN)

______________

Video Games:

Delaware trustee tours 38 Studios
(DBN)

______________

Autos:

Ford CEO: Rescue of GM, Chrysler Was Right
(DBN)

Pensions: Automakers Cut the Tie That Binds
(DBN)

______________

Food/Beverage:

Bankrupt Adams Produce under federal investigation
(DBN)

______________

Debt Collection:

New rules will ban ER debt collections at nonprofit hospitals
(DBN)

Utah's Intermountain Healthcare's debt collector under fresh fire
(DBN)

Sen. Franken to Offer Bill with Tough New Medical Debt Collection Rules
(DBN)

______________

Municipalities:

Stockton, Calif., prepares for bankruptcy. Are other US cities at risk? --- Stockton insolvency is a cautionary tale --- Not California's last bankrupt city --- Southland cities struggle to avoid joining Stockton in bankruptcy --- Southern California city officials track Stockton bankruptcy --- Looming bankruptcy raises many questions --- Stockton, Calif., tests legalities of city bankruptcies --- Bankruptcy promises to be difficult, expensive --- Cash-strapped Stockton votes to file for bankruptcy --- Stockton Drama Heads to Bankruptcy Court --- Largest US city to file bankruptcy --- Rating cut to default - S&P --- Bond Insurers, Investment Portfolios Should Weather Stockton Bankruptcy --- Stockton bankruptcy is hard hit for city retirees --- Set To Lose Health Benefits --- Bankruptcy hot topic throughout state, beyond --- Stockton residents angered by bankruptcy move --- Public mood is tense, fearful --- Some Residents Shocked --- What Stockton says about muni bond market --- Pictures Tell The Story --- Another US city goes bankrupt as Stockton faces huge debts
(DBN)

Is filing for bankruptcy in the future for Fresno?
(DBN)

Fox Revives Falsehood That Public Sector Pensions Are Bankrupting Governments
(DBN)

Bankruptcy no quick fix for weak local governments
(DBN)

Ripple effect of cities' debt
(DBN)

Act 47 fund gets $11 million infusion
(DBN)

NY: Cops and Firemen Get $100K Pensions
(DBN)

______________

Pensions:

Lying to Ourselves About Our Pension Problems
(DBN)

______________

Education:

For-Profit Colleges May Lose Under New Rules
(DBN)

______________

UK:

UK insolvency law seals fate of Coryton refinery
(DBN)

Modern London as an expensive, gated and foreign owned skyscraper
(DBN)

______________

EU:

Euro falls for 3rd straight day on eve of EU summit
(DBN)

Merkel: Germany will not guarantee eurozone debts
(DBN)

Euro-zone leaders call for banking union
(DBN)

EU Summit -- why more 'integration' won't help Spain, Italy and others
(DBN)

The political test facing the euro
(DBN)

Euro Falls to 3-Week Low Versus Dollar Before EU Summit
(DBN)

The Disastrous Consequences of a Euro Crash
(DBN)

______________

PIIGS:

Spain Mulls VAT Hike in Austerity Push --- Spain's Recession Seen Deepening --- Spain: Middle Class Turned into Squatters --- Spain Poised for Downgrade to Junk as Swaps Near Records
(DBN)

The Italian Consumer Collapses
(DBN)

______________

Germany:

German June Unemployment Rises as Crisis Starts to Bite
(DBN)

Crisis? Germans Savor Sunshine as Euro Storm Blows
(DBN)

______________

China:

China's Middle Class Boom
(DBN)

______________

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Copyright 2012