March 13, 2012

The Daily Bankruptcy News

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Law:

Are Graduates of Elite Law Schools ‘Too Good’ for Biglaw? --- Do Elite Law Grads Disdain Longtime BigLaw Work? Stats Suggest Lower-Tier ‘Strivers’ Stick Around
(DBN)

Courthouse Regular and Texas Lawyer Are Charged with Barratry
(DBN)

Winston Hits New Heights in Revenue, Profits
(DBN)

Tony Angel's To-Do List and the Future of DLA Piper
(DBN)

Conflicted, and Often Getting a Pass
(DBN)

Judge won't dismiss money-laundering charges against Boston lawyer
(DBN)

Does Anyone Want a Mentor Anymore?
(DBN)

As 3 Other Lobby Shops Bow Out, Steptoe Signs On With Facebook
(DBN)

Law firms sign large office leases in Los Angeles
(DBN)

10 Things You Should Never Say in a Legal Job Interview
(DBN)

Disinherited Charities Sue Ex-Nixon Peabody Lawyer Over $748,500 They Say He Got Via Undue Influence
(DBN)

Millionaire Madam's Lawyer Putting His Own House Up To Bail Her Out Of Rikers --- Lawyers squabble over accused NYC madam's case ‎
(DBN)

Fla. Legal Bill: $475 per Hour per Lawyer
(DBN)

The Moral Aspects of a Lawyer’s Fiduciary Duty
(DBN)

The Latest News in the Law School Lawsuits
(DBN)

The U.S. News Law School Rankings Are Out! --- Yale Law School keeps top spot in U.S. News rankings
(DBN)

Considering the Med School Analogy
(DBN)

Judge skeptical of both sides in law school jobs data litigation
(DBN)

Paul Clement, New York Brothel, Wynn Resorts, Lehman, BofA in Court News
(DBN)

Morgan Stanley, ‘Anonymous’ Plea Deal, Dynegy, BofA, NetJets in Court News
(DBN)

Law School Transparency: Numbers
(DBN)

As BigLaw Firms Embrace Social Media, More Are Hiring Full-Time Specialists to Help
(DBN)

Gloves are off in Diamond Foods lead counsel fight
(DBN)

When You Teach a Lawyer to Fish :)
(DBN)

The Rich Husband
(DBN)

Exposition Deposition Wins Inaugural Law Rocks
(DBN)

"Get the gorilla": Jiu-Jitsu nickname becomes lawyer's marketing magic
(DBN)

Two beers? Blood alcohol: .383
(DBN)

Detergent thefts skyrocket nationwide
(DBN)

Cops: Losing Coach Bites Ear Of Winning Coach
(DBN)

Texas Lawyer Accused Of Conspiring With His Mistress To Shoot Wife . . . Wife Recovers, Reconciles With Husband, and Sues His Mistress
(DBN)

Journals of Lizzie Borden's lawyer found
(DBN)

Considering Bankruptcy? Head to the Mall
(DBN)

Everything You Need To Know About The New iPad Before You Buy One --- Demand 'Off The Charts'
(DBN)

Tips for flying with an iPad
(DBN)

Say What?!
(DBN)

______________

Judges:

Female judges of the Sixth Circuit Court of Appeals: the role of a hotplate in Sixth Circuit history
(DBN)

Calls from Lawyer and Mom Lead to Arrest of Suspect in Wash. Courthouse Attack on Judge, Deputy
(DBN)

Federal Judge Under Fire for Racist Email Didn’t Follow His Own Digital Age Advice
(DBN)

Judge Wilkinson’s Unethical Op-Ed
(DBN)

How Alzheimer’s Has Affected a Former Potential Supreme Court Nominee
(DBN)

Health Care Act Offers Roberts a Signature Case
(DBN - NY Times - Paywall Limit Possible)

Harry Reid vows floor fight for judicial nominees
(DBN)

California Court IT Project In Bind
(DBN)

Posner Opinion Hits ‘Dreadful Muddle’ of Vague Judicial Terminology
(DBN)

Chicago Judge Removed from Bench After Altercation With Deputies at Security Checkpoint
(DBN)

______________

Wall Street:

U.S. stock futures push higher ahead of Fed
(DBN)

Stocks close mostly higher as investors look to Fed
(DBN)

Goldman finds unlikely new home
(DBN)

______________

Layoffs:

Hidden unemployment numbers stymie Obama's job growth claims --- Beware Analysts Torturing Jobs Data to Fit Model
(DBN)

Best Cities For New College Grads
(DBN)

Deconstructing the U.S. Employment Data
(DBN)

Could the Rosy Jobs Numbers Be a False Spring?
(DBN)

Court Finds Indirect Upstream Owner Exercised De Facto Control, Warrants Liability For WARN Act Notice Violation
(DBN)

This Homeless Man Is Acting As A Wi-Fi Hotspot
(DBN)

"Initial estimates have underreported job gains since the end of the recession to the tune of almost 1 million"
(DBN)

Layoffs ease, but hiring still remains sluggish
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

MF Global:

MF Global Customers Said To Get Nearly Full Value Of Claims Back
(DBN)

MF Global Customers Said to Get Offers for Their Claims
(DBN)

Lawmakers blast bankruptcy bonuses for MF Global execs --- Senator Letters
(DBN)

Those bankruptcy bonuses at MF Global are no surprise
(DBN)

A 'Global' disgrace: How executives from collapsed MF Global are still getting bonuses
(DBN)

Bonuses for MF Global? Even worse than you think
(DBN)

No decision yet on bonuses: MF Global trustee
(DBN)

Farmers slam MF Global bonus plan
(DBN)

MF Global Ripped Off Big Players Too
(DBN)

Klobuchar to MF Global Trustee No Payouts for Failed Company s Execs
(DBN)

House Panel to Question MF Global Execs on Firm's Chaotic Demise
(DBN)

CME to offer extra safegaurds for swaps, not futures
(DBN)

MF Global Trustee Seeks to Sell Metal Contracts to Jefferies
(DBN)

Is MF Global Getting a Free Pass ?
(DBN)

______________

Student Debt:

80 Percent Of Bankruptcy Lawyers Report A ‘Substantial Increase’ In Clients Buried By Student Loan Debt
(DBN)

The Real Consequences of the Student Debt Crisis
(DBN)

Are Student Loans A Ticking Time Bomb For The Economy?
(DBN)

______________

Health Care:

Burglary Triggers Medical Records Firm's Collapse
(DBN)

______________

Aviation:

Arpey talks about leaving American Airlines
(DBN)

AMR Risks Cash Drain as Discord Bogs Down Union Concession Talks
(DBN)

American likely to consolidate: JP Morgan --- Somebody's anticipating a marriage of USAir and American Airlines
(DBN)

Direct Air flight cancellations spur bankruptcy talk
(DBN)

______________

Convenience Stores:

Getty Realty Extends $200M Worth of Loans to 2013
(DBN)

______________

Politics:

AIG Tax Benefit Is 'Stealth Bailout' -Warren
(DBN)

Most Alabama And Mississippi Republicans Think Obama Is A Muslim And Doubt Evolution
(DBN)

California's State Treasurer Embroiled In Wife's S-- Tape Scandal
(DBN)

Romney Tops Obama in Latest WaPost/ABC Poll
(DBN)

______________

Corporate Governance:

Delaware Supreme Court Holds Creditors Of Insolvent LLCs Do Not Have Derivative Standing
(DBN)

______________

Economy:

The Fed's Worst-Case Doom Scenario For The US Economy
(DBN)

Fed Standing Pat, Could Take Action in Second Quarter
(DBN)

Wall St. fears good jobs news means no Fed $$
(DBN)

Gallup Consumer Spending Survey Turns Negative
(DBN)

Why legions of young people moving out of their parent's houses will jumpstart the recovery
(DBN)

February Job Growth Continues; Unemployment Rate Unchanged
(DBN)

AIG's special tax treatment criticized by former TARP watchdogs
(DBN)

Are special tax breaks OK for bailed-out GM but not AIG?
(DBN)

Would a Higher Top Tax Rate Raise Revenues ?
(DBN)

What The Jobs Report Misses About The Future Of The US Economy
(DBN)

Here's where the gap is widest between rich, poor
(DBN)

Kyle Bass Explains Why He Had The University Of Texas Take Physical Delivery Of $1 Billion In Solid Gold
(DBN)

Obama in Poll Winning More Americans Than Not Asserting They're Better Off
(DBN)

The Astounding Fuel Price Conundrum
(DBN)

Small Business Optimism Up for 6th Month: Survey
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Housing settlement details filed in court --- Outlines how states will be paid --- Next step in formalizing mortgage deal --- The Deal
(DBN)

Servicing settlement means more oversight of foreclosure law firms
(DBN)

A look at foreclosure settlement payment amounts by servicer
(DBN)

Mortgage Deal Is Built on Tradeoffs
(DBN)

Banks to Face Tough Reviews, Mortgage Deal Shows
(DBN)

Deeply underwater homeowners to get most aid from foreclosure deal
(DBN)

Servicers urged to act quickly in mortgage settlement write-downs
(DBN)

Settlement: As Bad As We Thought It Was
(DBN)

Bank Officials Cited in Churn of Foreclosures
(DBN)

JPMorgan Reaches $45 Million Settlement Over Fraudulent VA Loans
(DBN)

This 14-Year-Old Girl Bought A Foreclosed House For $12,000
(DBN)

Recent Developments in Bankruptcy Law Leave Many Commercial Real Estate Finance Issues Unresolved
(DBN)

Foreclosures In New Jersey
(DBN)

Detroit home sales jump 13% in February over year-ago figures
(DBN)

Rental Market May Be in a Bubble
(DBN)

Home repossessions set to jump in 2012
(DBN)

U.S. subprime RMBS performance weakens on soft home prices
(DBN)

Homebuilder Sentiment ‘Gone Wild’; Pros Steer Clear
(DBN)

Funds for defrauded homeowners diverted by state
(DBN)

Banks to Face Tough Reviews, Details of Mortgage Deal Show
(DBN)

Ally Financial Agrees To Broader Principal Cuts Under Mortgage Settlement
(DBN)

Former Countrywide Loan Officer Sentenced to 15 Years in Prison and Ordered to Pay $22,000,000 in Restitution
(DBN)

Bankruptcy battle may be over for Oklahoma City's First National Center owner, but challenges remain
(DBN)

Bank of America, MERS Ask Court to Dismiss Texas Counties’ Mortgage Suit
(DBN)

Number of CMBS loans making balloon payments skyrockets
(DBN)

_____________

Mass Torts:

Those left out of BP settlement
(DBN)

First steps taken toward paying out $7.8 billion BP settlement
(DBN)

What BP bought in $7.8 billion deal with plaintiffs' lawyers
(DBN)

BP has quietly returned to paying millions to influence legislation on Capitol Hill
(DBN)

______________

Mail:

How to Fix the Postal Service
(DBN)

______________

Retailing:

U.S. retail therapy needed
(DBN)

Sears: The Poor Life At A High Price
(DBN)

______________

Energy:

Dynegy’s Restructuring Turns from Complex to Ugly
(DBN)

Dynegy hit with trustee motion --- Government seeks bankruptcy trustee for Dynegy Holdings --- The Motion
(DBN)

Dynegy Shares Continue Sliding; Bankruptcy Drama Persists
(DBN)

Dynegy to Negotiate With Creditors After U.S. Cites 'Gross Mismanagement'
(DBN)

Dynegy to renegotiate bankruptcy plan, guided by examiner
(DBN)

Seneca Capital Sells A Third Of Its Dynegy Stake
(DBN)

______________

Municipalities:

California Cities Face Massive Budget Cuts, Default, Bankruptcy
(DBN)

City attorney blasts Wells Fargo - Wants to repo parking garages
(DBN)

Fresno mayor lays out financial crisis; bankruptcy not ruled out
(DBN)

Hercules, Calif., in Tentative Deal With Ambac Over RDA Default Suit
(DBN)

Cook County Illinois Municipalities Face Fiscal Ruin
(DBN)

______________

Photography:

Kodak shareholders want official committee
(DBN)

Does Kodak Equity Have Any Value?
(DBN)

______________

Asset Management:

Neuberger bond sale to fund Lehman stock buy
(DBN)

______________

Fraud:

Rajaratnam Judge: Wiretaps in Insider Trading Cases are "Radical"
(DBN)

Mets Owners Should Be Barred From Questioning Fees, Madoff Trustee Says
(DBN)

Trustee suing Wilpons against Sandy Koufax as witness
(DBN)

Front Row View of the Madoff Civil Suit
(DBN)

Same Ponzi Case, Same Bank Defendant, Same Result? No!
(DBN)

NatWest Three: the US had no real reason to pursue us - they just could
(DBN)

______________

Personal Finance:

Wedding Costs May Lead To Bankruptcy
(DBN)

______________

Hollywood:

Judge: Ronald Tutor Can't Escape Lawsuit Against David Bergstein Companies
(DBN)

Adversaries in Yu-Gi-Oh! Bankruptcy Dispute Make Amends
(DBN)

______________

Oil/Gas:

Voters blame president for gas prices, experts say not so fast
(DBN)

______________

Compensation:

Citi CEO Pandit's 2011 pay soars to $14.9 million
(DBN)

______________

Celebs:

Michael Vick Bankruptcy Destroyer
(DBN)

______________

Newspapers:

Texas group bidding for Tracy Press
(DBN)

Chicago Reader lists itself for sale
(DBN)

U.K. Police Arrest Six as News Corp. Phone-Hacking Probe Turns to Cover Up
(DBN)

______________

Tax:

Trustee: Harris will not cooperate
(DBN)

______________

New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (27 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:

Dynegy, Kodak, Rothstein, Madoff, MF Global
(DBN)

Rochelle on Cano, American Airlines, Delta Petroleum
(DBN)

March Madness 2012: Bankruptcies for the Generations
(DBN)

______________

Bankruptcy Statistics:

February Bankruptcy Filings Up 19% From January; Down 5% from 2011
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Sales:

Bankruptcy Trustee Asks Court Permission to Sell Handgun of Exec
(DBN)

Successor Liability - Does It Survive A Section 363(f)Sale?
(DBN)

Free-And-Clear Asset Sales Price Must Exceed Outstanding Debt To Satisfy Section 363(f)(3)
(DBN)

______________

Plan Confirmation:

'Substantive Rights' Not Assignable, Intercreditor Voting Rights Assignment Nullified
(DBN)

Creation Of Artificially Impaired Class To Approve Cram-Down Plan Is Not Per Se Impermissible
(DBN)

______________

Bankruptcy Reform:

New Bill Mortgage Modification Bill Could Affect Foreclosure Process
(DBN)

______________

SPEs:

Offshore Bankruptcy-Remote Entity Is Not Bankruptcy-Proof; Trust Indenture Voting Requirement Overridden In Involuntary Bankruptcy Case
(DBN)

______________

Avoidance Actions:

Corporate Synergy Among Related Debtors Key To Finding Conferral Of Economic Benefit In Fraudulent Transfer Action
(DBN)

______________

Jurisdiction:

Circuits Split Over Impact of Stern on Counterclaims
(DBN)

Federal Courts Jurisdiction And Venue Clarification Act Of 2011
(DBN)

______________

Trustees:

Getting the right bankruptcy trustee
(DBN)

______________

Escheats:

What to Do with Bankruptcy's Loose Change
(DBN)

______________

Litigation:

Bright Colors Help Some Lawyers, Both Male and Female, Command a Courtroom, Practitioners Say
(DBN)

Lessons Learned From Predictive Coding in 'Da Silva Moore'
(DBN)

The problem of the special master
(DBN)

New Service Helps You Vet Expert Witnesses
(DBN)

______________

Insurance:

Survey Finds More Directors and Officers Inquiring About D&O Insurance Coverage
(DBN)

______________

Alternative Energy:

Audit cites risk in DOE loan program
(DBN)

Solyndra Critic's Support for Carmaker Fails to Secure US Loan
(DBN)

Solyndra Is Blamed as Clean-Energy Loan Program Stalls
(DBN)

______________

Banking:

Fed May Balk at Payouts Over Loan-Loss Estimates
(DBN)

Top California banking regulator Haraf quits
(DBN)

Federal Reserve releases stress test scenarios --- Fed stress testing banks against 13% unemployment, 50% drop in stock market
(DBN)

Bank tests lead to vaulting ambition
(DBN)

______________

Hedge Funds:

Hedge Funds for Everyone? Don’t Hold Your Breath
(DBN)

The philosophy the world's most successful hedge fund manager calls "timeless and universal"
(DBN)

______________

Education:

We Need To Start Testing MBAs For Competency
(DBN)

Vitro Wins U.S. Bankruptcy Judge’s Order Barring Bondholders’ Collections
(DBN)

______________

Utilities:

Nobody's in charge at meeting of bankrupt power co-op
(DBN)

______________

Food/Beverage:

Yet another extension for USA Springs financing
(DBN)

______________

Derivatives:

Credit-Default Swap Time Bomb Failed to Go Off Over Greece ‎
(DBN)

______________

Cross-Border:

Vitro is Granted Temporary Restraining Order
(DBN)

______________

UK:

UK-based GameStop alternative heading to bankruptcy ?
(DBN)

Firms 'report optimism over jobs'
(DBN)

______________

EU:

Euro zone ministers to sign off Greek cash, grill Spain
(DBN)

Germany isn't even close to meeting its own austerity goals
(DBN)

______________

PIIGS:

Greece Swaps Bonds Worth $232.5 Billion
(DBN)

No preferential treatment for Greek investors in bond swap
(DBN)

Markets shrug off completion of Greek debt deal
(DBN)

Greece's New Debt: Same as the Old
(DBN)

Greece needs new bail-out, leaders told
(DBN)

German lawyers to sue Greece, banks over debt swap
(DBN)

Greek CDS Still Traded Despite ISDA Ruling
(DBN)

Three reasons why Greece should leave the Euro
(DBN)

After Greek Default, Spain And Portugal Pose Major Risk
(DBN)

Spain and the Euro Zone in Standoff Over Budget --- EU Call for Deeper Deficit Cuts in Euro Rules Test
(DBN)

______________

Canada:

Aveos Fleet Performance on track for bankruptcy or merger: sources
(DBN)

______________

France:

Police raid home of France's richest woman
(DBN)

______________

Iceland:

Despite Being Caught In The Middle of A Law Suit, This Icelandic Billionaire Is Already Planning A Massive Comeback
(DBN)

Travesty of Justice in Iceland Trial
(DBN)

______________

Cyprus:

Moody's downgrades Cyprus into junk status
(DBN)

______________

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Copyright 2012