June 8, 2012

The Daily Bankruptcy News

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Law:

Berger Singerman's Business Reorganization Team Receives High Rankings In The World-Famous Chambers USA 2012 Guide
(DBN)

Chambers Rankings: Nationwide --- Alabama --- California --- Delaware --- District of Columbia --- Florida --- Georgia --- Hawaii --- Idaho --- Illinois --- Louisiana --- Massachusetts --- New Jersey --- New York --- North Carolina --- North Dakota --- Ohio --- Pennsylvania --- Texas --- Washington

MNAT

Bankruptcy Scholars Testify on Government and Investors
(DBN)

Sullivan & Cromwell, Minter, Venable: Business of Law
(DBN)

Gibson Dunn, Latham, McDermott, Boies Schiller: Business of Law
(DBN)

Most Highly Regarded Firms: Corporate Governance 2012
(DBN)

Equipment Lessors Seek Protection in Dewey Bankruptcy --- Dewey's Downfall Creates Opportunity for Smaller Regional Firm as Chapter 11 Bankruptcy Unfolds --- A Lawyer’s DéJà Vu Experience at a Collapsing Firm --- Old model led to firm's failure
(DBN)

From Biglaw to Boutique: Game of Thrones
(DBN)

Is Ted Olson the highest-paid lawyer?
(DBN)

Public interest lawyers beat out associates in clinical learning
(DBN)

Kvetching About Compensation
(DBN)

Must Lawyers Still Pay for Legal Research Services?
(DBN)

Only 65 Percent of 2011 Law Grads Have Jobs Requiring Bar Passage, a Record Low
(DBN)

Lawyering Has Jumped the Shark --- That $10K Full-time Job at Gilbert & O'Bryan: Few care
(DBN)

Law Firm Flimflam Scam Continues
(DBN)

Panelists Describe What to Do, or Not, When Lawyers Move From Firm to Firm
(DBN)

Outsourcing in focus as RBS prepares to cut back legal roster
(DBN)

Mega-Lawsuit Alleges NFL Hid Seriousness of Head Injuries --- Previewing the NFL's defense in brain injury litigation
(DBN)

Unemployed Cardozo Gunner Receives Public Lesson From Jed Rakoff
(DBN)

Employment for 2011 law grads hits record low
(DBN)

Want to Save Money? Try Attending ‘Fast Track’ Law School Abroad
(DBN)

Is the New Jersey Board of Law Examiners Incredibly Incompetent or Willfully Negligent? You Make The Call.
(DBN)

Quote of the Day: Law Schools Would Probably Care, But Only If People Stopped Throwing Money at Them
(DBN)

Law School Transparency: The social network
(DBN)

Fun Fact of the Day: That’s Supposed to Be a Discount?
(DBN)

Does your firm have Klout online?
(DBN)

How an Old Lawyer Perceives a New Lawyer
(DBN)

New York 'Soccer Mom Madam' challenges $2 mln bail
(DBN)

Prominent IP Attorney’s Wife Hit With Child P--- Charges in Texas
(DBN)

Lawsuit: Architect In Diabetic Shock Beaten By Multiple Officers, Pepper Sprayed, and Repeatedly Tasered Before Dying
(DBN)

Dispute Over Consumer Bankruptcy Practice Leads to Lawsuit Among Firm's Leaders
(DBN)

Man accused of robbery was 'sleepwalking': Lawyer
(DBN)

Woman Sentenced for Obscene Art Attack
(DBN)

Woman identifies lawyer as her molester
(DBN)

'Zombie Bullets' In High Demand Following Cannibal Attacks
(DBN)

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Judges:

Diane Finkle selected as new U.S. Bankruptcy judge
(DBN)

New York Judge Says Cop Struck Him After Apparently Mistaking Him for a Heckler
(DBN)

Deputy Public Defender Sues City Over Claimed Harassment by Municipal Judge
(DBN)

Convicted Ex-Judge Says Texas Lawyer Paid Him for Court-Appointed Work
(DBN)

Judge in Roger Clemens Trial Snaps at Defense Lawyer, Blasts His Intimidating Look
(DBN)

Supreme Court's Standing Has Slipped, Poll Finds
(DBN)

Supreme Court Justices: Addicted to Google
(DBN)

Long smoke breaks, religious comments draw reprimand for judge
(DBN)

Everything You Always Wanted To Know About The Oldest Court In The Country
(DBN)

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Wall Street:

Stocks likely to struggle
(DBN)

S&P ends near flat; China rate cut offset by Bernanke
(DBN)

Fed Agrees to Increase Capital Rules for Banks, Hitting Stocks
(DBN)

Facebook stock slips further, down 31 pct post IPO
(DBN)

Merrill unrelenting in battle with former brokers
(DBN)

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Layoffs:

Claims for unemployment benefits fall
(DBN)

Young People Are Desperate For Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Video Games:

Schilling's video gaming co. files for bankruptcy --- Reckoning arrives for Schilling's video game firm
(DBN)

Insider Lawyer Paid $232,000 as 38 Studios Went Belly Up
(DBN)

RI governor to attempt to salvage investment in Schilling firm --- 'Best of bad situation' --- Schilling Hurls Losses on $75M Gov't Loan In 38 Studios Bankruptcy
(DBN)

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Bankruptcy Crimes:

Trial set for Buffalo County board chairman, wife
(DBN)

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Hotels:

Falls Radisson owner barred from hotel property
(DBN)

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Media:

Bankruptcy judge begins hearing on Tribune plan
(DBN)

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Economy:

Bernanke signals no imminent steps to aid economy
(DBN)

Steepest Global Slide Since Recession Pushes Rate Cuts
(DBN)

Fed's Yellen Warns of Downward Spiral
(DBN)

US Treasuries higher after Bernanke testimony
(DBN)

Fed and ECB to Politicians: Now It's Your Turn to Act
(DBN)

Fitch: U.S. Rating Faces 2013 Cut if Lacking 'Credible' Plan
(DBN)

Automatic Gov't Cuts Could Cost 1 Million Jobs
(DBN)

Consumer Credit Misses Big, Consumer Credit Shrinks, And March Takes A Big Downward Revision
(DBN)

Joseph Stiglitz: The Middle Class Has Been Screwed Over The Last Decade
(DBN)

Average Income of Super-Rich: $202.4 Million
(DBN)

Stocks helped lift US household wealth in Q1
(DBN)

US Consumer Credit Up $6.5B in April
(DBN)

Rising US debt could trigger a downturn, agency warns
(DBN)

Private-Company CFOs Have Cash But Won't Use It --- Study: Corporate Cash Horde Now $2 Trillion
(DBN)

Who Killed American Unions?
(DBN)

US Debt Clock
(DBN)

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Real Estate:

With Record-Low Rates, Is it Time to Re-Refi?
(DBN)

Best Ways To Profit From Distressed Housing
(DBN)

ResCap expects more bidders for assets-CEO
(DBN)

ResCap Bond Value Set at 17.625 Cents on Dollar in Swaps Auction
(DBN)

Mortgage Settlement Monitor Asks for Consumer Feedback
(DBN)

Federal Preemption on Appraisal Laws Not a Sure Thing
(DBN)

Mortgage servicers begin taking applications for expanded HAMP
(DBN)

New Fannie Mae chief withdraws from BofA repurchase decisions
(DBN)

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Fraud:

Blankfein says did not OK Gupta to share board info
(DBN)

Madoff Trustee Aims to Recover $1.3 Billion in New Lawsuits
(DBN)

California Madoff Investor Suit Is Illegal, Picard Says
(DBN)

Sophisticated investor’s duty to investigate bars fraud claim over credit default swap losses
(DBN)

Feds Seek 230-Year Max for Convicted Ponzi Schemer Allen Stanford; Defense Asks for 31 to 44 Months
(DBN)

Insider trading probe swings from bankers to ballplayers
(DBN)

Liquidators ready to distribute money to Stanford victims
(DBN)

“[R]uthless predator,” “depravity” and “audacity”: In strongly worded sentencing memo, government seeks 230 years in prison for R. Allen Stanford
(DBN)

Olympus whistleblower wins millions in settlement over unlawful dismissal
(DBN)

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Celebs:

'Happy Days' Actress Erin Moran Is Living In A Trailer Park After Being Evicted From Her Home
(DBN)

Schilling's co. files for bankruptcy ; feds probing
(DBN)

What Every NFL Rookie Could Learn from Now-Bankrupt Jamal Lewis
(DBN)

Singer Lauryn Hill Faces Tax Case re Allegedly Unfiled Federal Returns
(DBN)

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Oil/Gas:

Fireworks expected at Chesapeake annual meeting
(DBN)

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Banking:

Biggest US Banks Stare at Very Big Capital Shortfall
(DBN)

Here’s one Wall Street regulation that Republicans love
(DBN)

JPMorgan trading loss shows danger in bank size -Volcker
(DBN)

Bank overdraft fees creeping up again, consumer monitors say
(DBN)

Pew: Checking accounts still too complex, fees tool high
(DBN)

______________

Municipalities:

New Harrisburg receiver: Bankruptcy must remain an option
(DBN)

Jefferson County Creditors Denied Bankruptcy Committee
(DBN)

In looming Stockton bankruptcy , pensions won't be cut
(DBN)

Oregon: County is financially troubled
(DBN)

California to Sell Catalina Island to Pay off Debts :))
(DBN)

Texas Agencies Ordered to Propose 10% Budget Cuts
(DBN)

______________

Orchestras:

So Long, Peter Nero?
(DBN)

Bankrupt At Home, Philly Orchestra Looks To China
(DBN)

______________

Boating:

Luhrs, Hunter work with stalking-horse bidder
(DBN)

______________

MF Global:

Former MF Global CFO under scrutiny over conflicting statements
(DBN)

Assessing a Case Against MF Global Executives
(DBN)

Much Ado About Fees, as MF Global Trustees Deliver Reports
(DBN)

______________

Alternative Energy:

A123 Systems gets $50M fundraise --- To hire up to 400 workers in Michigan
(DBN)

Who to Believe: A123 or A123?
(DBN)

BrightSource Warned of Embarrassment to Obama in Loan Delay
(DBN)

Three of 12 Ventures Funded by Romney-Created Energy Fund Failed
(DBN)

______________

Tax:

IRS announces more flexible offer-in-compromise terms to help more struggling taxpayers make a fresh start
(DBN)

Real Estate Workouts: Partnership Tax Consequences
(DBN)

IRS Denial of Tax Exemption to U.S. Political Group Spurs Alarms
(DBN)

The “conservative” tax majority on the Supreme Court
(DBN)

______________

Mass Torts:

Mass Tort Rule Changes Leading to Drop-Off in Phila. Filings
(DBN)

______________

Aviation:

American, pilots union to resume mediated talks next week
(DBN)

Time may be ripe for US Air-AMR merger
(DBN)

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New Bankruptcy Opinions
(4 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 (14 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, MF Global, RG Steel, Madoff, Boats: Audio
(DBN)

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Bankruptcy Statistics:

US Small Business Bankruptcies Decline
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Litigation:

Law Firm Can't Undo Mistaken Release of Privileged Records
(DBN)

______________

Insurance:

Case challenging MBIA split in judge's hands
(DBN)

Trusts Sue Insurer for $44 Million & Then Some
(DBN)

______________

Retailing:

No Running of the Brides Until Macy's Puts a Ring on Bankruptcy Auction
(DBN)

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Tobacco:

Trustee reaches agreement with five states in Renegade bankruptcy
(DBN)

______________

Sovereigns:

The 20 Countries With The Highest Probability Of Default
(DBN)

______________

Museums:

US slavery museum in Va. facing mounting demands
(DBN)

______________

Telecoms:

LightSquared wins restrictions on debt and equity trades
(DBN)

______________

Debt Collection:

Man At Center Of Vast Phantom Debt Collector Scam Says He's An Innocent Pawn
(DBN)

______________

Religion:

Diocese publishes list of priests dismissed over abuse accusations
(DBN)

Lawsuit says church abuse in Montana spanned decades
(DBN)

______________

Pensions:

Fund under state of emergency
(DBN)

How Your Broker Gets Rich Off Your 401K Plan
(DBN)

______________

Prisons:

The increasingly lucrative business of incarcerating immigrants in private prisons
(DBN)

______________

Corporate Reform:

Is Dodd-Frank a Dud?
(DBN)

______________

Brands:

Atrinsic, Inc. Announces Appointment of Chief Restructuring Officer
(DBN)

______________

Environmental:

Anadarko Cut as $25 Billion Toxic Suit Oozes Into Court
(DBN)

______________

Glass:

Vitro Judge Set to Rule on Bankruptcy Plan Next Week
(DBN)

______________

Food/Beverage:

Del Monte Foods buys assets of Snokist Growers
(DBN)

______________

UK:

PKF administrators called to camera retailer Jacobs
(DBN)

______________

EU:

The End of Germany's Illusions --- German exports, imports down as crisis bites
(DBN)

Moody's Downgrades 7 German Banks
(DBN)

Euro sharply down on risk aversion
(DBN)

New EU Plan to Protect Taxpayers from Banks
(DBN)

Exports Save Eurozone from Recession-Barely
(DBN)

Bankers back European resolution plans
(DBN)

______________

PIIGS:

Proud, too-big-to-fail Spain ponders bank rescue --- Spain's hurting banks at heart of eurozone chaos --- Spain to request EU bank aid on Saturday --- Full-Force Bank Aid Is Spain’s Only Hope, Industry Warns --- Spain Downgraded to BBB as Fitch Predicts Slump Through 2013 --- Fitch cuts some Spanish utilities on sovereign action
(DBN)

Greece Running Out of Money as Tax Collections Wane --- Ironic Picture Reveals Poverty Taking Over Greece --- Greece is Beyond Repair
(DBN)

Greece, the cradle of Western thought and where citizens attack tax collectors with whips
(DBN - NY Times - Paywall Limit Possible)

ie: Distressed Assets Update - June 2012
(DBN)

______________

China:

China cuts lending rate in bid for stable growth
(DBN)

Great Wall of China Twice as Long as Thought
(DBN)

China's Stocks Fall After Rate Cut, Capping Worst Week This Year
(DBN)

Hong Kong Stocks Fall on China Economic Growth Concern
(DBN)

______________

Australia:

Company collapses up 13.6 per cent
(DBN)

______________

Japan:

Japan's Current-Account Surplus Shrinks as Trade Slumps
(DBN)

______________

France:

Business Worried Over France Retirement Plan
(DBN)

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Copyright 2012