March 26, 2012

The Daily Bankruptcy News

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Law:

Another Dewey & LeBoeuf Partner Exits: Houston Managing Partner Heads for Litigation Boutique --- More Partners Leave Dewey & LeBoeuf LLP --- Insurance Practice Leaders --- Branding Opportunity? --- Dewey turns to crisis PR expert --- Hires Paris Hilton's PR man --- 2012 partner departures approach 40 --- Dewey Connect The Dots
(DBN)

Thelen trustee reaps $1 million from law firms
(DBN)

2011 numbers for Fulbright & Jaworski's gross revenue, net income, PPP and RPL
(DBN)

The Pipeline Pays Off: New Partner Class at BigTex Firms Hits Diversity High Point
(DBN)

Downsized Legal Industry: Grim ripple effects
(DBN)

Baker & McKenzie Closing San Diego, 19 Laid Off
(DBN)

Clifford Chance Cuts 13 More --- Linklaters Confirms Support Cuts
(DBN)

For Large Law Firms, a Time to Grow Again
(DBN)

The Goldman Culture
(DBN)

The Dark Art of Law Firm Valuation
(DBN)

1st Circuit approves Chapter 13 plans that pay lawyers, trustees first
(DBN)

In Health Care Case, Lawyers Train for 3-Day Marathon
(DBN)

Goldman, Depfa, Shell, Wells Fargo, JPMorgan, S&P in Court News
(DBN)

Eversheds Makes In-House Contract Lawyer Team Permanent as Expected 15-Attorney Roster Nears 80
(DBN)

BigLaw Partner Arrested in Alleged Domestic Assault on Mistress --- King & Spalding Partner Allegedly Kicks A--
(DBN)

How to Work Collaboratively on Alternative Fee Arrangements
(DBN)

Calling All ‘Kick A--’ Attorneys
(DBN)

Seven Tips for Building Your LinkedIn Network
(DBN)

App’s an Office when you’re out
(DBN)

Release of iPad App for Virtual Practice
(DBN)

Appropriate shoes for a conservative office
(DBN)

You Should Have Known Better Than to Go to Law School
(DBN)

Adderall Abuse At Stanford Law School? Only If You Look Really Close.
(DBN)

Law Professor Calls Entering Class ‘Overall Average Students’ While Advocating for a Bar Exam Focused Curriculum
(DBN)

Will Law School Transparency Lead to New Rankings Industry? Will Legal Ed Retool?
(DBN)

Law School Transparency: The blue pill --- The myth of the sophisticated law student
(DBN)

Glut Leads Lawyers to (Surprise)Sue Law Schools
(DBN)

10 Law Schools That Lead to the Most Debt
(DBN)

Nick Spaeth's Age Discrimination Lawsuit v. Geezer Common Sense
(DBN)

If You Think Domestic Pow-Wows Are Challenging…
(DBN)

Sgt. Bales Charged With 17 Counts of Murder --- US pays for Afghan massacre -- $50K a head
(DBN)

Man lives to tell of Florida 'Shoot First' horror
(DBN)

This Is The Florida Law That Let George Zimmerman Shoot Trayvon Martin Without Getting Charged For Murder
(DBN)

Lawyer's gun set off courthouse detector ‎
(DBN)

Superheroes of the Legal Profession: Redactor
(DBN)

Lawyer Suspended 3 Years for Overbilling Client by $135K
(DBN)

Are Innocent Parents Being Prosecuted for Killing Their Babies?
(DBN)

Twitter Posts Put Some Individuals Arrested During Occupy Wall Street Protest on the Defensive
(DBN)

Teacher Fired After Not Noticing Third Graders Frolicking Under Desk
(DBN)

Lindsay Lohan's Lawyer Accused of Plagiarism in Pitbull Lawsuit
(DBN)

This Ten Year Old Told a Bad Joke, But Was It Bad Enough To Earn Him a Six-Day Suspension?
(DBN)

I Work with a Bra-Checker
(DBN)

This Is Your Spider. This Is Your Spider On . . .
(DBN)

Steve Howards Fights Arrest For Touching Dick
(DBN)

Irish man is banned from all pubs in the UK
(DBN)

"Dirty B------" Is Okay, But "Raging B----" Isn't?
(DBN)

Moonshining Making A Comeback In East Texas
(DBN)

Man Who Sawed Off His Own Fingers Blames Faulty Scrip
(DBN)

Say What?!
(DBN)

______________

Judges:

Minneapolis lawyer who faces arrest for trashing bankruptcy judge wants jurist off her case
(DBN)

Obama healthcare law faces Supreme Court hearing ---

Will Supreme Court hear health mandate at all? ---

Prelude to Oral Argument: Henry and Stearns on Commerce Games and the Individual Mandate
---

Business Groups on Both Sides of SCOTUS Healthcare Hearings
---

Absolutely everything you need to know about health-reform Supreme Court debut ---

SCOTUS 101: A guide to health care oral arguments ---


Obamacare Painful For Employers, Regardless Of What Court Decides ---

To hear health care oral arguments, a three day camp-out
---

How Much for a Supreme Court View? ---

Supreme Court and the business of waiting in line ---


The Swamp: Home of the Supreme Court Protester ---

Obamacare’s rewriting of contract law ---

5 myths about the health-care law
---

The sleeper issue ---

Groups Blanket US Supreme Court on Health-Care Law ---

Supreme Court Health Care Challenge By the Numbers:9 Justices, 7 Lawyers, 1 Law ---

The 4 Best Legal Arguments Against ObamaCare ---

Forget Interstate Commerce. It's the "Necessary and Proper" Clause That's the Key to Obamacare's Future ---

Court's health ruling could shake fall elections ---

US Health Care Reform Through History ---

Obamacare Has Already Transformed the U.S. ---

The Supreme Court's decision on healthcare will simply be about "optics, politics, and public opinion" ---

The Truth About Health Care Reform ---

The Man Behind The Defense Of Obama's Health Law

(DBN)

Show Me the Money: States, ABA Try to Figure Out When Campaign Cash Leads to a Judge’s Recusal
(DBN)

High court has a range of personalities, styles
(DBN)

Federal Judiciary Considers Closing 60 Remote Courtrooms to Save Money
(DBN)

Veteran Convicted of Threatening Judge on YouTube Now in Trouble over Tweets
(DBN)

Finally The Supreme Court Will Decide Whether A House Boat Is A House Or A Boat
(DBN)

______________

Wall Street:

U.S. stock futures inch up
(DBN)

How The Major US Stock Indexes Fared On Friday
(DBN)

Stocks see biggest weekly decline of year
(DBN)

Low Credit, No Problem: Americans Pile Into Junk
(DBN)

What's the Goal of Goldman's Muppet Hunt?
(DBN)

Anger at Goldman Still Simmers
(DBN)

Why no scandal tarnishes Teflon-coated Government Sachs
(DBN)

Ex-Goldman Worker Said to Seek Book Deal
(DBN - NY Times - Paywall Limit Possible)

The Real Crime On Wall Street Can Never Be Prosecuted
(DBN)

Bats: The Epic Fail of the Worst IPO Ever --- When Machines Humiliate Their Masters --- The real reason BATS pulled its IPO
(DBN)

That’s Dr. Fab Tourre To You!
(DBN)

______________

Layoffs:

Mass layoffs decline, 345 metros report falling jobless rates
(DBN)

Morgan Stanley Explains Why The Next Jobs Report Is Very Likely To Turn South
(DBN)

T-Mobile to lay off 1,900 employees
(DBN)

Nokia-Siemens to cut 17,000 jobs
(DBN)

Veterans struggle to find work
(DBN)

For Baby Boomers, Joblessness Lasts Longer and Hits Harder
(DBN)

What America Does For Work
(DBN)

Hispanics, Asians see strongest job growth
(DBN)

The Happiest Jobs In America
(DBN)

Winners and Losers in the Labor Market
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Tax:

Audit rates of millionaires nearly double
(DBN)

From Abe Lincoln To Donald Duck: History Of The Income Tax
(DBN)

______________

Autos:

Blue Springs Ford files for bankruptcy protection
(DBN)

Ex-car dealer Holley aims to end probation
(DBN)

GM says it stands by Opel unit
(DBN)

Opel to discuss plan for recovery
(DBN)

Saab Museum reopened in Sweden
(DBN)

Car dealers are lying to your face
(DBN)

______________

Golf:

Cliffs gets loan to see it through bankruptcy
(DBN)

Judge keeps auction of Spanish Trail Country Club on track
(DBN)

______________

Food/Beverage:

NW based Macoroni Grill operator files for bankruptcy
(DBN)

______________

Photography:

Kodakers can't buy Kodak
(DBN)

______________

Pensions:

PBGC takes over pension plans of Christ Hospital, Olan Mills
(DBN)

______________

Hotels:

Hotel Indigo partner denies foreclosure allegation
(DBN)

______________

Economy:

Obama Economic Team - Out of Their Depth
(DBN)

American Dream Fading, Even for Rich
(DBN)

Economists: Higher Taxes to Slash Deficit
(DBN)

Strong Recovery a 'Substantial Possibility': Summers
(DBN)

Economy: There's Only One Area That Actually Looks Good Right Now
(DBN)

Meet the next leader of the World Bank --- The World Bank Is Broken
(DBN)

Fed officials clash on view of economy
(DBN)

Lucky or Good? The Truth About the Obama Recovery
(DBN)

Americans Value Happiness, But Block Required Policies
(DBN)

Most government help is going to the elderly
(DBN)

Military Spending Comparison
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

The Vanishing Housing Recovery?
(DBN)

Order Granting Oakland County’s Motion for Summary Judgment Against Fannie/Freddie FHFA RE Transfer Taxes on Deeds
(DBN)

Mortgage melee spreads
(DBN)

Update on HARP 2
(DBN)

Elliott urges Ally against ResCap bankruptcy --- Treasury Said to Want Ally Sale With IPO Seen Unlikely --- Concerns over Ally's mortgage unit plan
(DBN)

U.S. New Home Sales Fell 1.6% in February
(DBN)

Negative equity gap nears $4 trillion
(DBN)

Why One Of The Biggest Homebuilders In America Got Crushed On Friday
(DBN)

Feds say Wells Fargo won't turn over documents
(DBN)

Mortgage Rates for Friday, March 23, 2012
(DBN)

BofA Tests Lender Program
(DBN)

Renters not buying home dreams - yet
(DBN)

Boomers Betting The House On Risky Reverse Mortgages
(DBN)

New Foreclosures Slow in Foreclosure Hot Spots
(DBN)

A Poor Defense of Ed DeMarco --- Gretchen Morgenson’s bizarre defense of Ed DeMarco
(DBN)

Freddie CEO signals GSE principal reduction could be soon
(DBN)

Principal writedowns of the day, mortgage edition
(DBN)

Bernanke Says Low Rates Didn’t Fuel Bubble
(DBN)

Foreclosure mill that mocked foreclosure victims settles with AG
(DBN)

Bankruptcy used in Jose Lindner estate case
(DBN)

KB Home Orders Fall 8%, Shares Tumble
(DBN)

Historic Va. plantation subject of legal wrangling --- Settlement rejected in Carter's Grove bankruptcy
(DBN)

Fiddler's Creek starts new chapter: Recovery after the bankruptcy
(DBN)

FRM trustee seeks $475,000 more in legal fees
(DBN)

Landlord to put Two California Plaza into receivership
(DBN)

Some Orlando-area homes stuck for years in foreclosure limbo
(DBN)

Lutnick speaks to Grubb brokers as decision over purchase looms
(DBN)

Investors see gold rush in renting foreclosed homes ‎
(DBN)

_____________

MF Global:

Report: Corzine Ordered $200M Moved to JPMorgan Days Before MF Global Collapse --- Email Ties Corzine to Missing Funds --- Another E-Mail to Corzine Said Transfer Was Not Customer Money --- Corzine May Be Liable for Fund Transfer If Customer Risk Seen
(DBN)

The Two-Way
(DBN)

Congressional panel to question MF Global employee
(DBN)

MF Global "Corporate Personhood" Case: Motion for Appeal Filed
(DBN)

Jon Corzine Doesn’t Need This! Not Tonight! Not The Same Week Those A------- From Lehigh Blow Up His NCAA Bracket!
(DBN)

_____________

Alternative Energy:

Documents: White House was all-hands-on-deck as Solyndra collapse neared
(DBN)

Obama: Solyndra 'heartbreaking' for the workers
(DBN)

Obama Throws Congressional Allies Under The Bus On Solyndra Bankruptcy
(DBN)

Fisker Said to Target $100 Million in New Funds by March 31
(DBN)

______________

Municipalities:

Detroit mayor in hospital as city financial deadline nears --- In Dave Bing's dreams, would he be out of here?
(DBN)

Judge: Schools not in Central Falls bankruptcy
(DBN)

Court clears way for rescue pact for Detroit
(DBN)

Trying To Save A Broke City
(DBN)

How A City Goes Broke
(DBN)

Few Cities Ready for Aging Baby Boomers
(DBN)

Cities where manufacturing is booming
(DBN)

______________

Baseball:

Baseball Commissioner Objects to Dodgers Bankruptcy Plan --- MLB, Fox, Jamie McCourt raise concerns on Dodgers bankruptcy exit
(DBN)

Report: Dodgers bidders down to 3
(DBN)

McCourt To Make At Least $400 Million Profit On Sale Of Dodgers
(DBN)

______________

Fraud:

Lehman Ex-Broker Sentenced in Insider Case --- Cooperation cited as Lehman broker dodges prison
(DBN)

New 'Clawback' Suits Seek More Than $200 Million From Madoff Investors
(DBN)

The Wall Street multibillion scandal no one is talking about
(DBN)

______________

Politics:

Elizabeth Warren: America's Future 'Going To Be Very Different Depending On Who's Governing'
(DBN)

Can 46 Rich Guys Buy the Election?
(DBN)

Candidate who aims to solve U.S. debt has had his own troubles
(DBN)

Don't Blame The Supreme Court For Citizens United -- Blame Congress, The FEC And The IRS
(DBN)

Ron Paul: Why I'm Fed Up With The Federal Reserve
(DBN)

The Subliminal Messages Rick Santorum Is Using To Scare You
(DBN)

Congressional Job Approval: 12%
(DBN)

Who’s Making Money From All This Campaign Spending?
(DBN)

The Quiet Revolution in America’s Statehouses
(DBN)

______________

Non-Profiits:

Trustee To Oversee Ucan For Two Weeks
(DBN)

______________

Telecoms:

Will New 4G iPhone Drive Sprint to Bankruptcy ? --- Applying The Altman Z-score To Sprint --- Why A Sprint Bankruptcy Is Unlikely
(DBN)

DRI Corporation Announces Plans to Sell Operations Under Section 363
(DBN)

______________

Religion:

Defense asks for new jury in Philadelphia Archdiocese trial --- In Pa. abuse trial, a window into church practices
(DBN)

High Stakes for Church in Case Against Mo. Bishop
(DBN)

______________

Mass Torts:

Attorney Claims Firm Swiped Asbestos Files --- Feuding Asbestos Lawyers
(DBN)

Illinois Supreme Court rules wife of CSX Transportation employee can sue over take-home asbestos exposure
(DBN)

______________

Corporate Governance:

Weighing the Arguments For and Against Staggered Boards
(DBN)

______________

Banking:

FDIC Holds the Trump Card: FDIC Issues Notice of Proposed Rulemaking Implementing Title II Receiver’s Ability to Enforce Subsidiary’s Contracts
(DBN)

Regulators Close Small Georgia Bank
(DBN)

Premier Bank, Wilmette, IL, Closed by Regulators, 15th Banking Failure of 2012
(DBN)

Unofficial Problem Bank list declines to 949 Institutions
(DBN)

Large And Small Banks Could Be Affected By The Fed's New 'Loose Paperwork' Fine
(DBN)

Banks Set to Cut $1 Trillion From Balance Sheets
(DBN)

______________

Celebs:

The Broke and the Beautiful: Dodgers Edition
(DBN)

Marilyn Monroe Images Prompt New Legal Dispute
(DBN)

John Edwards, a Man of Many Lawyers, Shuffles Legal Team Once Again
(DBN)

______________

Magazines:

Baltimore Jewish Times bankruptcy auction set
(DBN)

______________

Consultants:

Alvarez & Marsal Names James Dubow Managing Director to Expand Leadership in Asia
(DBN)

Alvarez & Marsal Expands French Team With the Appointment of Olivier Dubois as Managing Director
(DBN)

______________

Student Debt:

Student loan crisis calls for mortgage-style flexibility
(DBN)

More Than 25% Of Student Loans Are Already Delinquent --- The First Crack: $270 Billion In Student Loans Are At Least 30 Days Delinquent
(DBN)

Obama Relies on Debt Collectors Profiting From Student Loan Woe
(DBN)

______________

Ratings Agencies:

S&P Can’t Blame Crisis for Notes’ Collapse, Lawyer Says
(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 (50 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (23 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:

Arcapita Filing, Elpida's Sakamoto, Portugal Towns : Bankruptcy
(DBN)

Rochelle on MF Global, Baltimore Jewish Times, Opinions
(DBN)

______________

Bankruptcy Statistics:

Bankruptcy Filings Drop In Texas
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Claims Trading:

An Interview with Andrew Gottesman from SecondMarket
(DBN)

______________

Chapter 13:

Federal Appeals Court Lifts Ban on 'Attorney Fee-Only' Bankruptcy Plans
(DBN)

______________

Bankruptcy Rules:

New Rules For Bankruptcy Proofs Of Claim Are Now In Effect
(DBN)

______________

Litigation:

New Rules for Conducting E-Discovery in Delaware Federal Court
(DBN)

______________

Aviation:

US Airways Seeking To Acquire American Out Of Bankruptcy --- US Airways To Gobble Up American Airlines Following Bankruptcy Proceedings --- US Airways seeks support in AA takeover
(DBN)

If American Airlines Is Going to Screw Anyone, It Should Screw 'Em All
(DBN)

Is American buying bigger planes?
(DBN)

Airlines struggle to secure jet financing
(DBN)

Trustee requests Direct Air bankruptcy be converted to Chapter 7
(DBN)

Charges fly in Direct Air debacle hearing
(DBN)

Pemco World Air Services Files Bankruptcy, Intending to Sell Aircraft Maintenance and Conversion Business
(DBN)

Air Canada looks to replace Aveos
(DBN)

Aveos parent eyes El Salvador after Canada closing
(DBN)

Air Australia owner Michael James denies any wrongdoing over collapse
(DBN)

Air India says banks delaying on debt recast
(DBN)

Kingfisher to lay off 50% employees: Reports
(DBN)

______________

Corporate Reform:

Consumer Agency Investigates Some Banks
(DBN)

Cordray: Recess Appointment 'Not Affecting Our Decision Making' ‎
(DBN)

______________

Insurance:

I-v-I Exclusion Held Not to Preclude Coverage for Claims Brought By Chapter 7 Trustee
(DBN)

Lehman seeks to sell Bermuda reinsurance arm for $14m
(DBN)

______________

Hollywood:

David Bergstein Wins Rejection of $190 Million Lawsuit
(DBN)

______________

Health Care:

Hospital officials, creditors gather at hearing that may determine who acquires Jersey City hospital -- Christ Hospital bidders told to try again Federal bankruptcy judge to break deadlock
(DBN)

After their chief competitor's top bid earlier this week, Christ Hospital board-backed Hudson Holdco surprises with higher offer for hospital
(DBN)

Judge OKs Cheboygan hospital sale
(DBN)

Contract research firm Cetero seeks bankruptcy protection
(DBN)

Dick Cheney And The Very Expensive Disease
(DBN)

_____________

Oil/Gas:

Gasoline Hits $10 a Gallon in England
(DBN)

Sanders Bill Would Curb Wall Street Energy Speculation
(DBN)

Vehicle Miles Driven Says It All About The Ongoing Economic Contraction
(DBN)

The oil industry's plan to lower gas prices
(DBN)

Four in 10 Americans Say Energy Situation Is "Very Serious"
(DBN)

U.S. oil production gains are like water pumps on the Titanic
(DBN)

Why the Keystone Pipeline Won't Ease Pain at the Pump
(DBN)

What Stinks? Bizarre Trash Collects Near Oil Patch
(DBN)

______________

Defaults:

US Corporate Default Rate --- No signs of US corporate default wave
(DBN)

______________

Mail:

Industries Fear Ripple Effect of Proposed Postal Cuts
(DBN)

______________

Equipment Rentals:

Billionaire Gores Angles for Ahern Rentals
(DBN)

______________

Baby Products:

Maclaren USA Stroller Lawsuit Can Roll On
(DBN)

______________

Accounting:

InkStop trustee, investors target Skoda in lawsuits
(DBN)

Auditors on High Alert as China Earnings Get Under Way
(DBN)

______________

UK:

Britain's status as global centre for corporate insolvency under threat from EU
(DBN)

Howard Kennedy breaks equity bottleneck with partner promotion
(DBN)

Britain's Got Talent star in £1m cash battle
(DBN)

FSA Fines RBS's Coutts Arm 8.75 Million Pounds
(DBN)

Administrators welcome court ruling
(DBN)

Property specialist eyes distressed opportunities
(DBN)

Families win landmark ruling on £600m asbestos compensation
(DBN)

Irwin Mitchell picks up personal injury WIP as Donns files for administration
(DBN)

Fifth Bid for Rangers
(DBN)

Football clubs in administration owe taxman £40m in written-off debts
(DBN)

Rangers' Ticketus deal stands after judge declines to offer guidance
(DBN)

Extra life for stricken Game as RBS leads new rescue bid
(DBN)

Iceland bank repays UK council
(DBN)

______________

EU:

Hungary Offers Muddled View on Timing of Eurobond Issue
(DBN)

The Biggest Fire Sale In History Is Going On In Europe
(DBN)

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

______________

PIIGS:

Rescue creditors: Greece may miss debt target --- IMF proposes slower reforms --- IMF Says It’s Not Over Yet for Greece --- Samaras sees links with Spain, Portugal --- Reichenbach ?more optimistic than ever? --- Greek Private Sector Salaries Now Being Cut Too --- Greece's economy: in numbers --- How Greece could exit the euro
(DBN)

Greece extends foreign-law bond swap deadline
(DBN)

Greek yields up as CDS trading put on hold
(DBN)

Portugal town halls face default amid $12-bn debt --- Portugal Can Still Turn the Corner in Debt Crisis
(DBN)

Spain: general strike against labour market reform
(DBN)

The Prime Minister of Italy warns about Spain
(DBN)

ie: Not Worth the Paper It's Built On
(DBN)

______________

Germany:

In massive German retail closure, 11,000 staff work final day
(DBN)

Berliners Collect Bottles to Make Ends Meet
(DBN)

German Ifo Business Confidence Unexpectedly Increases
(DBN)

______________

Japan:

Elpida president, independent attorney to co-lead DRAM maker's bankruptcy
(DBN)

Japan's Tepco shuts its last reactor, power risks loom
(DBN)

Tepco Faces Post-Fukushima Future Dictated by Bureaucrats
(DBN)

______________

Jersey:

Jersey advice bureau calls for bankruptcy law change
(DBN)

______________

Australia:

Hanging up on One.Tel's unworkable situation
(DBN)

Expansion of personal liability of directors
(DBN)

______________

MENA:

Arcapita in battle with hedge funds
(DBN)

______________

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