March 29, 2012

The Daily Bankruptcy News

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Law:

Howrey Dissolution Could Spark Litigation
(DBN)

The $60 Per Hour Lawyer—Why Dewey Isn’t Ab-Normal--- Dewey moots further management overhaul as current reshuffle gets underway
(DBN)

Bye-Bye Big Firm
(DBN)

Three Firms Circle the Bases on $2.15 Billion Dodgers Bankruptcy Sale
(DBN)

Sullivan & Cromwell Will Pay Spring Bonuses — But Will They Be Too Small
(DBN)

"You are either out of work or loathe your work. You have $180k in loans"
(DBN)

In-House: Leverage Abuse
(DBN)

Survey queries in-house counsel on outsourcing, compensation
(DBN)

From Singapore to Switzerland, More Law Firm Merger Talks and Tie-Ups
(DBN)

Fried Frank Wins Bid to Dismiss Former Secretary's Bias Suit
(DBN)

Married to the Firm: Partners Act Like My Kids
(DBN)

For the lawyers, a contrast in styles during Tuesday's health care arguments
(DBN)

Freshfields names restructuring lawyers Ryan Beckwith and Geoff O'Dea as new partners - Beckwith - O'Dea
(DBN)

Freshfields halves London promotions in 20-strong global round
(DBN)

U.K. Retailer To Offer Legal Services After Receiving ABS License
(DBN)

Equal Protection: A Class of One
(DBN)

Health-Care Law, S&P, Morgan Stanley, BNY, Ryanair in Court News
(DBN)

Average Debt of Private Law School Grads Is $125K; It’s Highest at These Five Schools
(DBN)

Northwestern settles for small tuition hike, but students still pay dearly: $53,168/year --- that's just tuition
(DBN)

Larry Kramer Is Stepping Down as Dean of Stanford Law School
(DBN)

Musical Chairs: From Patton Boggs Partner to Brooklyn Law School Dean
(DBN)

Are College Professors and Librarians Digital Pirates?
(DBN)

Should Law School Come With a Warning Label?
(DBN)

New law school in Daytona Beach?
(DBN)

10 Law Schools That Enrolled More Students in 2011
(DBN)

Trayvon's Shooter Had Run-ins with the Law
(DBN)

Greyston Garcia Goes Free Under Florida "Stand Your Ground" Law After Chasing Down, Stabbing Robber
(DBN)

Woam Calls 911 With Unique Emergency
(DBN)

Man mistakenly shoots red mohawk hairdo he thought was a bird
(DBN)

People Who Use Fax Machines --- Hipsters and Lawyers
(DBN)

Ex-trader convicted in Galleon case disbarred
(DBN)

Stunned bobcat retrieved by driver on Interstate, wakes up in car
(DBN)

Prostitute Blames McDonald's For Driving Her Into Profession
(DBN)

Say What?!
(DBN)

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Judges:

Is the Health Care Act Really on the Ropes? --- Are Five Justices Ready to Ditch the Whole Health Care Law? Clues Sought in Severability Debate --- Day Three: Republicans Come for Medicaid --- Court appears split by ideology --- Contortions All Around --- Both Parties See Signs They’ll Win in U.S. Health Ruling --- Big Case Stirs Up This 'Hot Bench' --- A Moment of Silence for Obamacare --- Fate of Law Seems Uncertain --- Paul Clement and Justice Kennedy --- Transcript & Audio
(DBN)

Few Minds Are Changed by Arguments in Court
(DBN)

Six Years of Silence for Supreme Court Justice Clarence Thomas
(DBN)

Ex-Employees Contend Judge Who Owns Towing Company Is Offering Low-Cost Legal Services
(DBN)

Retired Chief Judge Will Oversee Effort to Find Any Evidence of Perjury in Lawyer’s Client Files
(DBN)

Federal Courts' Programs Threatened by Budget Cuts, Official Warns Congress
(DBN)

Middle District of Florida Has a New Chief Bankruptcy Judge
(DBN)

Federal Judges on Guard Against Jurors' Social Media Activity
(DBN)

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Wall Street:

U.S. stock index futures point to slightly higher start
(DBN)

Stocks Edge Lower After Consumer Confidence Report
(DBN)

Goldman's deal with union: something for everyone
(DBN)

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Layoffs:

More CEOs plan to hire as outlook brightens, survey says
(DBN)

Men in Their Prime: Still Almost 20% Jobless
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

It's time to put on our reading glasses in AA bankruptcy case
(DBN)

US Airways CEO says American merger offers opportunities
(DBN)

JetBlue Pilot Suspended Following Midair Breakdown --- US charges JetBlue pilot for midair meltdown
(DBN)

Millions may be missing from Direct Air escrow
(DBN)

Hawker Beechcraft readies bankruptcy filing
(DBN)

Fired Aveos workers wait for wages --- Adios Aveos --- Quebec urged to seek injunction to stop Aveos from dismantling Montreal facility
(DBN)

India’s aviation sector in disarray; national carrier bleeding $1.9 mil daily
(DBN)

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Banking:

Bank of America quadruples pay for chief executive Brian Moynihan
(DBN)

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Autos:

Judge: Former Chrysler dealerships closed in bankruptcy don't have right to reopen --- Ruling leaves dealers in uncertainty
(DBN)

The outsider who pulled Ford back from the brink
(DBN)

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Utilities:

PPL EnergyPlus contract with SME to be terminated
(DBN)

Trustee working toward SME reorganization
(DBN)

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Tax:

US Corporate Tax Rate Highest in World
(DBN)

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Economy:

Durable goods orders hint at weak first quarter
(DBN)

CEOs ready to start hiring again
(DBN)

Bernanke: We Stopped Economic Catastrophe --- Bailouts Were 'Distasteful'
(DBN)

Fisher: Fed Has Done Enough
(DBN)

New Consumer Panel Data
(DBN)

Peter Schiff: Market-Crushing Treasury Collapse To Hit Around 2013
(DBN)

US Debt Clock
(DBN)

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Real Estate:

A roll of the dice
(DBN)

Principal reduction can also help taxpayer-Geithner
(DBN)

Treasury narrows principal reduction window for GSEs
(DBN)

3 ways to write down mortgages without moral hazard
(DBN)

Private Lenders Forgive Home Debt as US Lenders Balk
(DBN)

$25B foreclosure settlement lacks “bite” for banks and relief for distressed homeowners
(DBN)

One-third of housing market 'in the shadows'
(DBN)

Fannie and Freddie might have to cough up millions to Michigan
(DBN)

Freddie Mac: Economic Growth Expected To Stabilize Housing Market
(DBN)

30-year mortgage rates up to 4.10 percent
(DBN)

Housing Double-Dip Poses Enigma As Green Shoots Emerge
(DBN)

Thornburg Trustee Can Proceed With Suit Against RBC Capital
(DBN)

Appraisal Backlog Has Bankers Scrambling
(DBN)

Obama's Housing Half-Measures Keep Missing the Mark
(DBN)

Foreclosure Attorneys Defending Themselves ‎
(DBN)

HOA scandal: Four 'commit suicide' after probe into Nevada homeowners association fraud
(DBN)

After Sale Approval In Bankruptcy Court, Grubb & Ellis Moves To Next Phase
(DBN)

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Oil/Gas:

Oil tumbles on reserve talks, stocks follow --- US Said to Make No Decision on Release From Oil Reserve
(DBN)

US Oil Rig Count Highest Since 1987
(DBN)

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MF Global:

MF Global execs fuel mystery over customer funds
(DBN)

Banks Hold $1 Billion in MF Global U.K. Client Cash, KPMG Says
(DBN)

Ex-MF Global Inc. CFO Thought There'd Been 'An Accounting Error'
(DBN)

Witnesses complicate Corzine's testimony on money
(DBN)

JPMorgan: We Asked Corzine If The Money Was Really His To Transfer
(DBN)

MF Global Treasurer Declines to Answer Questions for House Panel --- Silence, Then Frustration
(DBN)

The Burning Questions Congress Should Be Asking In The MF Global Hearing
(DBN)

MF Global's Edith O'Brien Talks Deal with Justice
(DBN)

MF Global: Clear as mud
(DBN)

U.S. FASB weighs reform to accounting used by MF Global
(DBN)

Warning Flags Were Raised in MF Global Transfers
(DBN)

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Baseball:

It's Magic, everything is wonderful again in Dodgers camp --- Hurdles remain --- $2.3 Billion Dodgers Bid Fueled by TV Potential --- What's the deal with the Dodgers parking lots?
(DBN)

McCourt Leaves Baseball As Its Most Successful Owner Ever --- Escapes Dodgers With $860 Million --- McCourt could make $1 billion in cash deal for Dodgers
(DBN)

Dodgers’ Bidding Ended at $2.3 Billion as Magic Gave Out Signed Jerseys
(DBN)

Dodgers sale could prove downside of franchise inflation
(DBN)

MLB expected to approve Dodgers sale
(DBN)

Dodgers dream team headed by quiet money guy
(DBN)

______________

Lehman:

Judge Turns Down Appeal Of Lehman 'Minibond' Investors
(DBN)

______________

Debt Collection:

Couple Sues Sheriff, County for $10 million over Debt Collection
(DBN)

______________

Celebs:

Dennis Rodman in debt
(DBN)

______________

Corporate Reform:

Some Takeaways from the CFPB’s Recent Report to Congress on the FDCPA
(DBN)

______________

Fraud:

California's Harris Seen as Doing Better Than Madoff Creditors
(DBN)

Gupta cultivated friendship with Rajaratnam: prosecutors
(DBN)

Gupta's quiet win is loud warning for prosecutors
(DBN)

______________

Orchestras:

Longer Philly Orchestra bankruptcy may be in the cards
(DBN)

______________

Television:

Roberts Broadcasting owes $3.58 million, maybe more
(DBN)

______________

Shipping:

Court Confirms TBS International Plan of Reorganization
(DBN)

______________

Prisons:

Small-Town Lockups Without Prisoners Send Bonds Into Default
(DBN)

______________

Retailing:

United Retail seeks permission to sell to Versa
(DBN)

______________

Mass Torts:

Madison County's Asbestos Trial System Teetering?
(DBN)

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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 (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (34 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)

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Miscellaneous:

Rochelle on Delaware Venue, Vitro, Madoff Funds
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Discharge:

Continuing Uncertainty About Continuing Claims
(DBN)

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Choice of Law:

Second Circuit Resolves Choice of Law Rules for Bankruptcy Claims
(DBN)

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Litigation:

Remedies for Spoliation of Evidence
(DBN)

______________

Municipalities:

Michigan Governor Snyder holds Q & A session in Detroit --- Says consent agreement with Detroit is '90-some percentile' certain --- Gives Clues To Final Detroit Consent Agreement --- Patterson fears Detroit is headed for bankruptcy, unrest --- Unions Dislike Manager Law? --- Review team report details roots of Detroit's crisis
(DBN)

Ala county to default on new round of bonds
(DBN)

Judge Strips Harrisburg Agency of Control Over Incinerator
(DBN)

Harrisburg Receiver Calls for State-Federal Investigation
(DBN)

Woonsocket residents reject more taxes, call for bankruptcy
(DBN)

Legal And Jurisdictional Issues: Focus On Municipal Bankruptcy
(DBN)

Distress Complicates Muni Bond Market
(DBN)

______________

Insurance:

Settlement Pitfalls To Avoid In Order To Maximize D&O
(DBN)

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Personal Finance:

Why Income Stops Growing After Age 40
(DBN)

______________

Health Care:

Bankruptcy Lawyer Says The Problem Is Health Insurance, Not Obamacare
(DBN)

Cetero eyes fast sale to private equity as FDA agreement nears
(DBN)

______________

Banking:

Court Finds That UBS Exploited Clients And Tricked Them Into Overpaying For Toxic Securities, But In A Legal Way
(DBN)

______________

Politics:

Elizabeth Warren Etch A Sketches Sen. Brown ‎
(DBN)

Is a Harvard Degree the Biggest Liability in Politics?
(DBN)

Warren and Obama: A Tenuous Relationship
(DBN)

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Accounting:

US investors urge " going concern" warning reform ‎
(DBN)

______________

Student Debt:

Looming Student Debt Crisis Hits the Senate
(DBN)

______________

Sovereigns:

Argentine Funds Can’t Be Seized by Bond Holders, U.S. Judge Rules
(DBN)

______________

UK:

UK asbestos ruling clears way for insurer payouts ‎
(DBN)

Scale of PPI mis-selling racket laid bare as banks are flooded with millions of complaints
(DBN)

OpCapita in fresh bid for Game
(DBN)

______________

EU:

Banks use ECB cash to buy bonds, lend less to firms
(DBN)

Ryanair Loses EU Court Challenge Over Alitalia Rescue
(DBN)

Europe on a Path to Financial Disaster
(DBN)

EU Nears One-Year Boost in Rescue Fund to $1.3 Trillion
(DBN)

Man saws off foot to keep unemployment benefits
(DBN)

______________

PIIGS:

Portugal's woes drive personal bankruptcies
(DBN)

Italy's Monti Blames Germany, France for Debt Crisis
(DBN)

It is Really about Political Economy in Greece
(DBN)

Greek Election Gridlock Risks Derailing Rescue Plan
(DBN)

Spain Edges Toward Economic Abyss --- Faces General Strike as Rajoy Cornered by Deficit
(DBN)

______________

Canada:

NewPage seeks to extend creditor
(DBN)

______________

Germany:

German jobless rate slips to 7.2 percent in March, underlying fall accelerates
(DBN)

______________

Japan:

Bank lenders struggle for seniority in Tepco
(DBN)

Japan Reactor Has Fatally High Radiation
(DBN)

______________

Israel:

Bank Of Israel: More Devout Jews, Arabs Must Work
(DBN)

______________

MENA:

Drydocks World eyes debt deal
(DBN)

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Copyright 2012