June 29, 2012

The Daily Bankruptcy News

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Law:

Winding up Dewey: claims and complications
(DBN)

Cravath Summer Bonuses!?
(DBN)

DLA Piper halves its UK bonus pool
(DBN)

Cravath elects Allen Parker to head firm
(DBN)

Prof: Shrinking Market, More Competition Will Bring Permanent Challenges for Law Firms
(DBN)

Herbert Smith and Freehills OK Megamerger; 2,800-Attorney Firm Plans to Open New York Office in 2012
(DBN)

Hughes Hubbard and Luskin, Stern & Eisler push the reset button on their merger.
(DBN)

Barclays turns to Sullivan as backlash over Libor scandal intensifies
(DBN)

Lots of Work for GCs Before and After SCOTUS Health Care Ruling
(DBN)

Court: Lawyers not responsible for fraud by client
(DBN)

Branding guru for Linklaters and Allens explains the firms' new logo
(DBN)

Debt-Laden Law Grad Featured in NYT Article on Perils of Law School Suspected of Murder
(DBN)

A Law School Finally Admits That Its Graduates May Never Be Employed ‘At All’
(DBN)

Law School Transparency: Mail bag
(DBN)

Former Legal Assistant Gets Time for Writing Checks for Own Expenses on Law Firm Trust Account
(DBN)

Judge Slaps Lawyer with $3K Fine for Questioning Witnesses, Taking Photo in Defiance of Court Orders
(DBN)

Rupert Murdoch's Folly: The same price of prestige which too many lawyers were too willing to pay
(DBN)

Supreme Court Strikes Down Law Barring Lies About Military Medals
(DBN)

17 House Democrats Crossed Party Lines To Hold Attorney General Eric Holder In Contempt
(DBN)

Casey Anthony's Great Escape Detailed in Lawyer's New Book
(DBN)

Beautician turns lawyer
(DBN)

Disturbing website of the week - the Hannibal Lecter of law
(DBN)

Six Years for Lawyer Who Misled Police in Hit-and-Run of Teen
(DBN)

Alarming Complaint About College S-- Class
(DBN)

Say What?!
(DBN)

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Judges:

Supreme Court Upholds Health Care Law; Chief Justice Provides Fifth Vote --- This Picture Of Nancy Pelosi And John Boehner Says It All --- Court upholds Obamacare with barely a legal ripple --- Timeline: Chronology of Obama healthcare law legal battle --- The basics: US healthcare, reform and the high court --- The ruling --- Side Banter in Supreme Court Health Care Fight --- Individual Mandate Survives; It’s A Tax Now! --- Court Ruling Lets $813 Billion in Higher Taxes Proceed --- Examining Dissent --- Lawyer predicts more challenges for Obamacare --- 23 Eye-Opening Quotes From The Supreme Court Decision --- The Supreme Court Decision Reveals How Big Government Really Is --- Now That Obamacare Has Passed, Here's What It's Going To Cost You --- Retailers Are 'Dismayed' By SCOTUS Ruling --- Restaurants Say Paying For Obamacare Will 'Threaten Their Very Business' --- Rand Paul: The Supreme Court Doesn't Get To Decide What's Constitutional --- Was The Supreme Court On The Verge Of Killing Obamacare? --- Actually, Justice Roberts Demolished Obama In His Supreme Court Ruling --- Hilarious Deleted Tweets From Republicans Who Thought Obamacare Was Overturned --- The Tea Party Will Love Justice Thomas' Obamacare Dissent --- Yes, The Supreme Court Mentioned Broccoli In Its Obamacare Ruling —12 TIMES! --- Toobin: Chief Justice John Roberts Was 'Red-Eyed And Unhappy'
(DBN)

The John Roberts I Knew
(DBN)

Rush Limbaugh melted down over the Obamacare decision
(DBN)

CNN's 'Humiliating' Obamacare Screwup Causes Near Mutiny In Newsroom
(DBN)

The Supremes Rule: Why You Have to Love Lawyers and Politicians
(DBN)

Scalia demeanor on bench comes under scrutiny
(DBN)

Bomb squad called to Federal Bankruptcy Court
(DBN)

The Mechanics and the Art of Court Decisions
(DBN)

Belly Dancers Among Protesters Outside Supreme Court
(DBN)

Law Prof: Possible 5-4 Ruling on Health Law Shows Why Court Should Be Supersized
(DBN)

Little Top Billing for Justices in Cash Portrayals
(DBN)

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Wall Street:

Stock futures signal higher open on EU deal --- EU deal buoys markets despite sketchy details
(DBN)

Shares to Rally as Europe Unexpectedly Acts
(DBN)

10 Things You Need To Know Before The Opening Bell
(DBN)

Stocks Close Well Off Worst Levels After Late-Day Recovery
(DBN)

Wall Street down after health ruling; Europe eyed
(DBN)

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Layoffs:

Tepid economic growth weighs on US job market
(DBN)

How states fared on unemployment aid applications
(DBN)

The 25 Best Companies To Work For In 2012
(DBN)

RIM Will Lay Off 5,000 Employees, Announces Loss Of $0.37 Per Share
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Industry Doubts Best Buy Will Find a Buyer
(DBN)

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Greeting Cards:

American Greetings says Clinton Cards bankruptcy contributed to income drop
(DBN)

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Economy:

Weak first quarter growth bodes ill for economic outlook
(DBN)

The 15 Riskiest Countries In The World
(DBN)

The Worst Economies In The World
(DBN)

The Odds Of A Deflationary Global Recession Are Rising
(DBN)

Citi's Outlook For The Entire Global Financial Markets In One Chart
(DBN)

This Visual History Of The Recession Shows An Economy That's Slowing Again
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Mortgage Seizures Create ‘Very Serious Concerns,’ Sifma Says
(DBN)

Average US loan rates at record lows
(DBN)

ResCap Marked by Robust Bidding
(DBN)

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Banking:

JPMorgan Tumbles on Trading Loss Report --- JPM Loss, Once Feared to Be $9 Billion, Likely to Be Less
(DBN)

Big banks are big mess. Run away!
(DBN)

Barclays Libor Fine Sends Stocks Lower as Probes Widen
(DBN)

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Corporate Reform:

Phil Falcone Lived the Good Life As Taxes Went Unpaid
(DBN)

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Autos:

Opel to cut costs, launch new models, build brand as part of turnaround
(DBN)

U.S. Auto Sales May Slow Through 2016, AlixPartners Says
(DBN)

GM Ford Sever Pension Ties to Aging White-Collar Retirees
(DBN)

______________

Alternative Energy:

Abound Solar to Close, Will Seek Bankruptcy , US Says --- Could cost taxpayers $60 million
(DBN)

Abound Solar to Close as Early as Today
(DBN)

Colorado solar panel maker Ascent Solar to file for bankruptcy
(DBN)

Facing Chinese rivals, solar panel maker to close
(DBN)

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Hotels:

Five Hotels Owned by Shamrock-Hostmark Fund File for Chapter 11
(DBN)

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Orchestras:

Philadelphia Orchestra to Exit Bankruptcy, Lawyer Says
(DBN)

______________

Celebs:

Actor Armand Assante Aims to Sell NY Property
(DBN)

Nailed and jailed: Dykstra facing 20 years for fraud
(DBN)

______________

Health Care:

Brookdale's CRO sees progress
(DBN)

Sick Americans relieved at high court health ruling
(DBN)

What Changes Now for Health Insurers?
(DBN)

South Fulton Medical Center to Lay Off 80 Workers
(DBN)

The First Weight-Loss Drug In 13 Years Has Been Approved – This Is What Will Happen If You Take It
(DBN)

______________

Politics:

Obama's Health-Care Law a `Job Killer,' Romney Says
(DBN)

Republicans Pledge Fresh Push for Repeal After Health Ruling
(DBN)

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Food/Beverage:

Buffets Restaurants receives court confirmation of reorganization plan
(DBN)

Cal-O liquidating to pay PACA suppliers
(DBN)

The 8 Best Pizzerias In New York City
(DBN)

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Sporting Goods:

Prince Sports deal with unsecured creditors puts racquet maker on Chapter 11 exit path
(DBN)

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Video Games:

Schilling Woes Preceded Chafee Remark --- Confidential Memo Says Schilling's Company Filed for Bankruptcy Before Governor's Comments
(DBN)

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Awards:

Kramer Levin's Work As Debtor's Counsel On Saint Vincent's Hospital Bankruptcy Wins Healthcare Services Turnaround Atlas Award
(DBN)

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Debt Collection:

It is Illegal for Debt Collectors to Stalk Debtors on Facebook or Threaten to Kill Their Dogs
(DBN)

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Entrepreneurs:

This Guy's Hot Startup Almost Went Bankrupt. Now He's Kicking Butt In 67 Countries
(DBN)

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Pensions:

'$1.2M attorneys' fee in Fund bankruptcy case exorbitant'
(DBN)

Former AG wants court to deny $1.2M payment request
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (64 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:

Vitro Appeal, Madoff, Kodak, Philly Orchestra: Bankruptcy
(DBN)

Rochelle on Kodak-Intel, AMR, Pinnacle, Colorado Resort: Audio
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Cross-Border:

Vitro Order Blocking Bondholders Extended by Court
(DBN)

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Plan Confirmation:

Third-Party Releases in Chapter 11 Plans
(DBN)

______________

Fraud:

THE ISRAELS: How This Legendary Family Went From Coffee Trading To Ponzi Scheming
(DBN)

Kerviel 'Love' May Not Be Enough to Overturn Verdict
(DBN)

______________

Corprate Reform:

Better Late Than Never? FSB Reports Regulatory Reform Is Advancing, But Slowly
(DBN)

Falcone Spent on Private Jet While Borrowing for Taxes
(DBN)

______________

Aviation:

AMR fees climb to $70 million in bankruptcy case
(DBN)

AMR Judge OKs Deal for Non-Mechanics
(DBN)

American Airlines Bankruptcy Judge Approves Contracts With Five TWU Groups
(DBN)

Pilots' union head applauds stake in 'new' AMR
(DBN)

American pilots to vote on new pact; APFA, TWU talks next week
(DBN)

Bates: Our advisers were ‘emphatic’ in recommending that APA accept American Airlines offer
(DBN)

Moody’s sees airline industry as stable (if the economy doesn’t go down or fuel prices go up)
(DBN)

Swift Air files for Chapter 11
(DBN)

Of All The Terrible Airline Fees We've Seen, This One Takes The Cake
(DBN)

______________

Municipalities:

Stockton, California files for bankruptcy --- Stockton officially files for Chapter 9 --- Papers Filed in Stockton bankruptcy ; gag order may be lifted
(DBN)

Stockton, California's insured debt proves alluring
(DBN)

Stockton's bankruptcy --- Who lost Stockton?
(DBN)

Harrisburg, in Financial Crisis, Sues Governor
(DBN)

______________

UK:

UK's FTSE dragged down by banks on LIBOR scandal
(DBN)

More than 4,000 companies under HMRC investigation
(DBN)

UK hybrids still in limbo after HMRC washout
(DBN)

______________

EU:

Europe summit surprises with bold moves
(DBN)

5 Holes In The EU Summit Agreement
(DBN)

Euro-Area Confidence Slumps, German Unemployment Rises
(DBN)

Euro zone crisis saps confidence in June as leaders meet
(DBN)

How Italy and Spain Defeated Merkel at EU Summit
(DBN)

Merkel Praised by Ally for Blocking Euro Bonds at EU Summit
(DBN)

Germany's euro debate turns constitutional
(DBN)

Germany the Euro Winner? Hardly
(DBN)

The Whole World Will Revolve Around The Tiny Island Of Cyprus
(DBN)

______________

Canada:

Are bankrupt seniors harbingers of things to come?
(DBN)

______________

Russia:

Yukos shareholders lose $340 mln case in Russia
(DBN)

______________

Poland:

PBG Chief Executive Wisniewski Steps Down After Bankruptcy
(DBN)

______________

Japan:

Japan's Industrial Output Falls Most Since 2011 Quake
(DBN)

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Copyright 2012