March 23, 2012

The Daily Bankruptcy News

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Law:

Dewey Update: A Pep Talk and Questions about Reported Revenue --- Dewey Statement Hits Financial ‘Mischaracterizations’; WSJ Reports Delayed Bonuses --- Dewey Bonuses Are Going to Be Late This Year --- Dewey & Leboeuf: Partner exodus is no big deal
(DBN)

Brown Rudnick Defends Beacon Power Bankruptcy Fees, While Kodak Billers Line Up
(DBN)

Clifford Chance to cut London associates in response to 'low attrition'
(DBN)

UK Firms, if You Want to Stay in New York . . .
(DBN)

Allen & Overy’s Annual Review: Compared to Yours?
(DBN)

1st Circuit affirms retainer amount as fee award to bankruptcy lawyer
(DBN)

Greece Discloses Fees Paid to Cleary During Sovereign Debt Crisis
(DBN)

Americans Are Getting Tired Of Trumped Up Terrorism Charges Against Their Innocent Neighbors
(DBN)

Closing NY Foreclosure Firm Agrees to Pay $4M in Pact With State AG, re Paperwork Shortcuts
(DBN)

Baker & McKenzie pulls plug on San Diego base
(DBN)

Owen Joins Perkins Coie's in Chicago
(DBN)

Too Old to Get Hired, Too Young to Retire 11 hours ago
(DBN)

After 103 Years, Kraft Renamed Itself 'Mondelez' On The Advice Of Its Lawyer
(DBN)

JPMorgan, UBS, Deutsche Bank, Morgan Stanley in Court News
(DBN)

Top law firms redouble efforts to boost female representation
(DBN)

Olswang ends US alliance as partner Cooley plans to ramp up UK presence
(DBN)

Eversheds makes temp lawyer service permanent as 80 sign up
(DBN)

Law Deans and a Law Professor Respond to the ‘Law School Bubble’
(DBN)

Law Student Revolts Against Law Review’s Bluebook Exam
(DBN)

The BigLaw Sweet Sixteen and Other March Madness
(DBN)

Elderly Sports Law Professor Accused of Unsportsmanlike, P----- Conduct
(DBN)

In-House: Loving The Ignorance, Part II
(DBN)

From Biglaw to Boutique: Fire in the Belly
(DBN)

LexisNexis &The Hurting Legal Sector
(DBN)

This iPad Class For Lawyers Hopes To Settle Tiffs Over BYOD
(DBN)

Lawyer Blogs And Bar Discipline
(DBN)

Prosecutors: Bulger’s Longtime Companion Moved Assets to Sister
(DBN)

Sgt. Bales’s Lawyer: ‘Not Just Another Good Ol Boy’ --- Accused Sergeant Heads Down A Long Legal Road --- Bales Troubled Civilian Career
(DBN)

Breaking Down The Obamacare Brief --- Clement and Verrilli: Health Care Rivals, Dueling Rock Fans
(DBN)

The Man Behind The Defense Of Obama's Health Law
(DBN)

Pardon Him, He's a Little Horse
(DBN)

John Edwards: Was he fun guy like Eliot Spitzer? --- John Edwards denies
(DBN)

At First Suspended, Retired Detroit Prosecutor Is Disbarred on Reconsideration for Allowing Perjury
(DBN)

Lawyer Accused of Smuggling Contraband Into Jail to Influence Witness Against His Own Son
(DBN)

Sen. Jane Orie's lawyer blames staff for any illegal work ‎
(DBN)

Miami Officer Suspended For Hauling Mattresses On Patrol Car
(DBN)

A&O lawyers forced to hand in receipts after nicking food
(DBN)

Banner Jones presents its staff to the world...
(DBN)

Dog Too Drunk To Drive
(DBN)

Honor Killings: Pakistan Death Toll Exceeded 900 Last Year
(DBN)

Say What?!
(DBN)

______________

Judges:

Judge Defends Schoolboy’s Right to Make Bad Jokes
(DBN)

Woman Charged After On-Air Bragging of Ploy to Avoid Jury Duty; Judge Was a Listener
(DBN)

Judge Tackles Unruly Man Who Jumped Up on the Bench
(DBN)

Did Then-Law Clerk Rehnquist Support Separate-But-Equal Ruling? Article Cites Summary of Lost Letter
(DBN)

U.S. Senate confirms Ronnie Abrams as SDNY judge
(DBN)

For Democracy's Sake, Supreme Court, Let the Cameras In --- Supreme Court hearings on live TV? You bet --- Sen. Sessions blocks bill that would force cameras in Supreme Court for health care arguments
(DBN)

Supreme Court May Uphold Obamacare
(DBN)

In the healthcare case, orphans get parents
(DBN)

Feds consider closing some courtrooms
(DBN)

Court Declares Brewing Beer an "Essential Service"
(DBN)

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Wall Street:

US stock index futures point to slightly higher opening
(DBN)

Stocks retreat on global growth jitters --- S&P 500 Trims Longest Monthly Rally Since 2009 on China Concern
(DBN)

Goldman Sachs in hunt for 'muppet' email --- What Else Should It Be Checking On? --- Greg Smith to Goldman Sachs: A new era in Wall Street ethics --- Brokerages Race To Feed Apple To The Muppets
(DBN)

Forget Greg Smith. For Goldman expose, read Hudson CDO ruling
(DBN)

Goldman Loses Bid to End CDO Lawsuit
(DBN)

Securities watchdog probes high-frequency trading firms
(DBN)

Goldman Tokyo Staff Slams Firm
(DBN)

Goldman Sachs' PR Nightmare -- and How to Stop the Next One
(DBN)

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Layoffs:

US jobless claims at 4-yr low, lift recovery hopes
(DBN)

Town Has Lowest Unemployment Rate In American History
(DBN)

Job challenges loom for war vets
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

The 'I Know Nothing' Defense
(DBN)

5th Circuit Ruling Is Setback for Law Firms Sued over Allen Stanford Representation
(DBN)

Madoff Trustee Appeals $59 Billion Ruling in UniCredit Suit
(DBN)

Madoff FBI Files Reveal How He Fooled His Own Employees
(DBN)

Senate Votes to Ban Congressional Insider Stock Trading --- Sent to White House --- Highlights of bill --- Scaled back STOCK Act --- No More Insider Trading
(DBN)

Trustee in Holley Bankruptcy Says She's Found Assets
(DBN)

Allen Stanford’s Twitter Complaint Fails to Win Retrial 11 hours ago
(DBN)

Dispute over Fidelis payout
(DBN)

JPMorgan pays $384 mln arbitration award, quietly
(DBN)

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IP:

Bankrupt FastShip to pursue patent case vs. US govt
(DBN)

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Economy:

Fed's Fisher sees no need for more monetary easing
(DBN)

Bernanke: Economy Lacks Strength for Gains
(DBN)

Bernanke says US consumption still too weak
(DBN)

Congress just passed the highly flawed JOBS Act under the guise of helping startups
(DBN)

Treasury Sells Inflation Notes at Record Low Negative Yield
(DBN)

FedEx: Economy Not Growing As Fast As We Thought
(DBN)

Deep Recessions in U.S. May Be the Norm, Say NBER Economists
(DBN)

US unemployment claims drop to lowest level since 2008
(DBN)

Committee to Save World Repudiated by Successors
(DBN)

AIG pays off Treasury's preferred equity investment
(DBN)

Would You Cross These Three Lines To Support Your Family?
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Mortgage rates top 4% for the first time in three months
(DBN)

Another big miss on house prices
(DBN)

State's $4 million Baum robo-signing foreclosure settlement called lenient
(DBN)

AGs to consider investor protections in foreclosure settlement
(DBN)

Big banks win in HARP 2.0 as changes lock borrowers into high-cost refis
(DBN)

US watchdog questions spending at Fannie, Freddie
(DBN)

Senate passes Fannie, Freddie bonus ban
(DBN)

Fannie, Freddie Press For Mortgage Write-Downs --- Slashing Mortgages Is Good Business
(DBN)

More Heat on Housing Regulator
(DBN)

Negative equity more prevalent in minority communities
(DBN)

Elusive Bottom for Home Prices Near, Forecast Says
(DBN)

Discover Financial Targets Mortgage Market With Home Loans Unit
(DBN)

Lawyer Who Is Also a Rabbi Takes Plea in Mortgage-Fraud Case, Will Give Up Practice for 1 Year
(DBN)

Federal court freezes assets of 5 mortgage firms ‎
(DBN)

FTC says it halted mortgage relief scam
(DBN)

NYC Office Leases Lowest Since 2009 on Wall Street Cuts
(DBN)

Bank of America Getting Into the Landlord Business --- To Offer Rentals as Foreclosure Alternative
(DBN)

_____________

Aviation:

American Airlines makes it official -- it plans to reject union contracts next week --- APA president: Union to use 'all legal means' to defend contract --- TWU prepared to fight --- APA: American hasn't been committed to negotiating a consensual deal --- APFA 'disappointed'
(DBN)

Labor, debt issues drive AMR extension request
(DBN)

AMR Has Made Progress on Pensions, Lawyer
(DBN)

Emirates: More carriers will go bust
(DBN)

Delta’s New 'Basic Economy' Fare Could Be A Game-Changer
(DBN)

US Airways Said to Brief AMR Creditors on Takeover Plan
(DBN)

Big risks for India from Kingfisher fiasco
(DBN)

______________

Distressed Investing:

So Much Money, So Few Deals After Bankruptcy Pay Bonanza
(DBN)

______________

Religion:

OneUnited, church fight continues in bankruptcy court --- Charles Street AME Church auction postponed until July after bankruptcy filing --- OneUnited faults church --- Celts co-owner offers aid
(DBN)

______________

Municipalities:

Andy Dillon says he's optimistic about Detroit's version of consent agreement --- Emergency manager foes continue efforts --- Judge Stands by His Detroit Financial Crisis Review Order --- A 2nd bond-rating agency dings Detroit's credit
(DBN)

Woonsocket: Taxes bad, bankruptcy worse
(DBN)

It's not just Stockton
(DBN)

Few apply to serve on Central Falls charter panel
(DBN)

______________

Consumer Finance:

Fortress unit Springleaf hires restructuring lawyers
(DBN)

______________

Corporate Governance:

Wachtell Defends Staggered Boards
(DBN)

______________

Banking:

Credit Suisse Cuts CEO Dougan's Pay 55% as Profit Slumped
(DBN)

BankAtlantic posts 4Q, yearly losses
(DBN)

US Banks May Get Breather on Volcker Rule --- Why the Volcker Rule is Still a Bad Idea
(DBN)

Fed May Have Inflated Grades for TARP Banks
(DBN)

U.S. Bank Lending Below Depression-Era Levels: S&P
(DBN)

______________

Retailing:

How good are bankruptcy liquidation deals?
(DBN)

______________

Lehman:

Lehman Revives: Good Days Ahead?
(DBN)

Dante’s Third Ring: Lehman Investors Bring Adversary Proceeding In SDNY Bankruptcy Court
(DBN)

______________

Oil/Gas:

Gasoline Demand Collapses 8.2%
(DBN)

Lugar: US Not Ready for Oil Shock
(DBN)

What $5 Gas Will Do to US Economy
(DBN)

Keystone Pipeline: Reality vs. Rhetoric
(DBN)

______________

Corporate Reform:

Should Second Circuit Should Show Rakoff's
(DBN)

The SEC rule that broke Wall Street
(DBN)

______________

Photography:

Kodak Ka-Ching
(DBN)

______________

Shipping:

Lenders Seek Approval To File Chapter 11 Plan For Marco Polo
(DBN)

______________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (34 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (21 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 the 'Incredible Shrinking Bankruptcy Courts'
(DBN)

______________

Bankruptcy Statistics:

Why Tax Rebates Boost Bankruptcies, and Why That's Not All Bad
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Property of the Estate:

Losing Control: Court Rejects “Control Test” for Determining if Debtor Has Interest in Dividends it Paid
(DBN)

______________

Litigation:

Litigation from a client’s perspective
(DBN)

______________

Autos:

General Motor ' Rough Road in Europe
(DBN)

GM: No Idea When US Will Sell Our Stock
(DBN)

Bondholders were auto bailout victims
(DBN)

Opel to Submit Plant Closure Plan to Board
(DBN)

______________

Alternative Energy:

Obama: Solyndra 'not our program, per se'
(DBN)

______________

Food/Beverage:

Papa John's HQ buying 28 Colorado locations
(DBN)

The 5 Best New Restaurants In America
(DBN)

______________

Baseball:

Dodgers Ask Judge to Dismiss Jamie McCourt’s $131 Million Claim
(DBN)

______________

Tax:

Audit rates of millionaires nearly double
(DBN)

______________

Hollywood:

After Bankruptcy , MGM Looks to Roar Again
(DBN)

Warner Bros. Sued for Allegedly Distributing Movies Without License
(DBN)

Movies: The 10 Biggest Money Losers of All Time
(DBN)

______________

Bankruptcy Crimes:

Midlothian man faces federal bankruptcy fraud charges
(DBN)

Waverly man sentenced from bankruptcy case
(DBN)

______________

Golf:

Colonial Country Club to get support from John Georges in bankruptcy case
(DBN)

______________

Marinas:

Bankruptcy judge approves deal for Missouri marina
(DBN)

______________

Health Care:

Bankruptcies Hit People Challenging Health Law's Insurance Rule
(DBN)

CMH reaches tentative deal to continue operations as bankruptcy process proceeds
(DBN)

Judge set to decide which of two bidders for Christ Hospital in Jersey City wins out
(DBN)

______________

Politics:

Now the Birthers Take on Mitt
(DBN)

How payday lenders hide their Super PAC contributions by creating shell companies
(DBN)

______________

Weather:

Drought Cost Texas Agriculture $8 Billion
(DBN)

Many N. Texas Lakes Now Overflowing
(DBN)

______________

EU:

Euro slammed vs yen, dollar as recession fears weigh
(DBN)

Economists: Europe stuck on bailout merry-go-round
(DBN)

Citi: Worst Still to Come for Europe
(DBN)

Corporate, Bank Bond Risk Falls in Europe, Default Swaps Show
(DBN)

______________

PIIGS:

Ireland back in recession as economy shrinks in Q4
(DBN)

Judges: Ex-Irish Leader Ahern Took Secret Payments
(DBN)

Spain's borrowing costs back above 5.5%
(DBN)

The Spain-Italy Spread Widens
(DBN)

Contagion Risk in Europe Is Back and Spain Is Top Worry
(DBN)

Portugal Town Halls Face Default Amid $12 Billion Debt
(DBN)

______________

Germany:

Germany mulls aid for staff of insolvent retailer
(DBN)

______________

MENA:

Troubled times for Gulf Finance House --- Deals of troubled Bahraini bank revealed
(DBN)

Israel Billionaires Put Own Interest Ahead of Debt Investors
(DBN)

______________

Japan:

AIJ Chiefs May Face Japan Criminal Probe for Hiding Losses
(DBN)

City on the Verge of Bankruptcy Puts Name Up For Sale
(DBN)

______________

China:

China Manufacturing May Contract for Fifth Month, Survey Shows
(DBN)

Hong Kong, China shares post weekly losses on growth fears
(DBN)

______________

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Copyright 2012