March 8, 2012

The Daily Bankruptcy News

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Law:

Judge Tosses Suit Claiming Covington Failed to Promote from Staff Attorney Ghetto
(DBN)

Dewey Owe Too Much to Certain Partners?
(DBN)

Kelley Drye and EEOC May Be Near Settlement of Partner Age-Discrimination Case
(DBN)

Covington Prevails in Discrimination Suit Brought by Yolanda Young
(DBN)

Dewey & LeBoeuf Revenues, PPP Edge Higher
(DBN)

At Husch Blackwell, Revenue and Profits Drop --- Husch Blackwell De-Equitized 25 Partners
(DBN)

Florida judge refuses to delay Casey Anthony’s civil trial from defamation lawsuit
(DBN)

Summer Associate Hiring Lackluster as New Norm Sets In --- On-Campus Recruiting Increased Slightly Again in 2011, But Summer Associate Classes Stay Small
(DBN)

Dishing the Dirt on Where The Am Law 200 Dines
(DBN)

How to Destroy Employee Morale in Four Easy Steps
(DBN)

New Apple iPad May Entice Some Lawyers, but Not All --- Why lawyers will love the third generation iPad
(DBN)

Yes Virginia, Partners Get Demoted Too
(DBN)

Jones Day Hires Ex-Kirkland Partner Harding for Mass-Tort Trial Practice
(DBN)

McKenna Long, Luce Forward Make It Official. Who's Next?
(DBN)

More Companies File Repeat Bankruptcies ; Prof Expects More Chapter 22s
(DBN)

House Rules: You’re in the House — Now, Stay There…
(DBN)

Citigroup, Olympus, ING, Madoff, News Corp., J&J in Court News
(DBN)

New York Finally Drops Former Winston Partner Bristol from Attorney Rolls
(DBN)

iPad 3 Announced: New Tools for Lawyers
(DBN)

Allegations of Racism Fly As Harvard Law Braces for Today’s Student Government Elections
(DBN)

Young Obama at Harvard Law School Talking About Race
(DBN)

Law School Dean Threatens to Send Graduating 3Ls Back to 1L
(DBN)

Law School Transparency: The 30 per cent solution
(DBN)

Loyola Chicago Law School Hosts Symposium on the Effects of Crisis
(DBN)

Quinn Emanuel Takes a New Approach to On-Campus Recruiting
(DBN)

Lawyers Fight Over Johnnie Cochran's Name
(DBN)

Former Governor Wants to Launch a Law School Pardons Clinic
(DBN)

$100K Reward for Info About 2009 Slaying of LA Attorney Shot to Death in Driveway of His Home
(DBN)

P-----Pump Maker May Be Liable for 'Blowout'
(DBN)

Rare Woman Makes Texas' 10 Most Wanted List
(DBN)

The Perils of Bar Bets
(DBN)

Ferrari Gone, Off A Cliff
(DBN)

Sheriff’s Pink-Underwear Policy May Violate Rights of Unconvicted Inmates, 9th Circuit Says
(DBN)

A Juror Walks Into a Bar and Gets a Defense Verdict Reversed by Talking to an Attorney
(DBN)

Secret NYPD Report Confirms Whistleblower’s Claims, and Then Some
(DBN)

Courtroom Yoga Moves, Illustrated :))
(DBN)

MELTDOWN MARCH 2012 Go for Broke!
(DBN)

Hockey Dad Arrested After Blinding Opposing Goalie With Laser
(DBN)

Appeals court rules against mistress in alienation of affection lawsuit
(DBN)

Five Types of Legal Assistants Gone Bad
(DBN)

Say What?!
(DBN)

______________

Judges:

9th Circuit to begin review of Cebull incident
(DBN)

Antonin Scalia's ObamaCare Problem
(DBN)

Opinion: Scuttle SCOTUS's life tenure
(DBN)

Durbin demands Supreme Court televise its proceedings
(DBN)

Judge should have withdrawn from Shell Oil case -court
(DBN)

Tool Available to Law Firms Compares Judge-by-Judge Sentencing Patterns
(DBN)

Benchslap of the Day: You Can’t Fight City Hall (or Adverse Precedent)
(DBN)

Deputy Spots Suspicious Coconut At Courthouse
(DBN)

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Wall Street:

US Stock Futures Climb Before Jobless Claims Report
(DBN)

European Stocks Gain Before Greek Debt Swap
(DBN)

European shares up on US data, imminent Greek deal
(DBN)

Goldman's Dubious Deals: Is This 'God's Work'?
(DBN)

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Layoffs:

Labor market shows more signs of life
(DBN)

IRS Offers Relief to Jobless Taxpayers
(DBN)

Is Slow Productivity Growth Boosting Employment?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

Ford CEO awarded $34.5 million of shares for automaker's rebound
(DBN)

Chrysler chief's Dodge Dart joke falls flat
(DBN)

Chrysler CEO: Going Public Will Be Pain-Free
(DBN)

Chrysler: Marchionne not paid in 2011
(DBN)

European crisis sheds light on automakers' excess capacity
(DBN)

Saab, Ally to rev up fight over cars in court
(DBN)

______________

Corporate Governance:

El Paso Counsel Objected to Goldman Advising --- Proxy adviser opposes El Paso-Kinder Morgan deal
(DBN)

How plaintiffs' lawyers are winning the Delaware injunction game
(DBN)

Del. Chancery Court Approves $2.7 Billion Merger but Criticizes CEO
(DBN)

Boards of Directors Largely Ignoring Corporate Cyber-Risk Management
(DBN)

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Municipalities:

The Great Unraveling: Yonkers, Stockton and Municipal Bankruptcy
(DBN)

Stockton: Fritchen lobbies against Deis plan
(DBN)

Central Falls School Department merging with city
(DBN)

Bankruptcy didn’t make the sky fall in Orange County
(DBN)

Moody's on Munis: Defaults Have Been Exceedingly Rare --- But study points to new pattern --- U.S. Municipal Bond Defaults and Recoveries, 1970-2011
(DBN)

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Student Debt:

5 Shocking Facts About Student Loan Debt
(DBN)

______________

Mass Torts:

Even Bankruptcy Court's Equity Power Doesn't Trump Conditions Precedent to the Payment of $500 million
(DBN)

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Personal Finance:

Fear Is Causing Boomers To Make Dumb Moves With Their Nest Eggs
(DBN)

______________

Tax:

Why Does the National Football League Deserve Tax-Exempt Status?
(DBN)

RBS wins end to case linked to KPMG tax shelter
(DBN)

______________

MF Global:

MF Global Parent Allowed to Restrict Some Information About Brokerage Unit
(DBN)

The real Jon Corzine
(DBN)

The farmer and the financier
(DBN)

CME Plans to Offer Swaps Users Cash Protection That Goes Beyond CFTC Rule
(DBN)

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Television:

LXTV Founders Purchase Plum TV Out of Bankruptcy
(DBN)

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Economy:

ADP: Employers added 216,000 more jobs in February --- Snow jobs about ghost jobs
(DBN)

The High and Low Predictions for Friday's Jobs Report
(DBN)

Fed weighing new form of bond buying
(DBN)

Hedge Funds, Law Firms Poised for 20% Tax Deduction in Republican Small-Business Bill
(DBN)

Here's Who Forbes Says Are The Richest People In The World
(DBN)

Bernard Arnault Tops Fashion Again On Forbes Billionaires List
(DBN)

All The Bush Tax Cuts Will Expire In 2013 -- $427 Billion Fiscal Hole
(DBN)

Financial Projections Around The World Are Getting Ugly
(DBN)

US to sell $6 bln in AIG stock to reduce bailout stake
(DBN)

Michigan Woman Who Won $1 Million In Lottery Stays On Food Stamps
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Economic and housing fears subside: Fannie Mae
(DBN)

Home prices at levels of 10 years ago: CoreLogic
(DBN)

The Housing Hockey Stick Redux
(DBN)

US Mortgage Insurers: Negative Outlook
(DBN)

Whistleblower says BofA defrauded HAMP
(DBN)

Lehman Says Banks 'Conspired' To Offer Archstone Stake To Zell
(DBN)

Las Vegas shopping center files for bankruptcy reorganization
(DBN)

Commercial, multifamily delinquencies drop as loans outperform other sectors
(DBN)

IndyMac mortgage servicer rating on review for downgrade
(DBN)

Financial Guaranty jumps into legal battle over insured mortgage bonds
(DBN)

Judge OKs Grubb & Ellis sales plans
(DBN)

_____________

Aviation:

American Airlines parent will freeze, not terminate, pensions --- PBGC happy --- Full text: AA's letter to workers on pension-freeze proposal --- Q&A to employees on proposal to freeze pensions
(DBN)

Gotbaum: Compromise on pension a 'good sign' that bankruptcy reorganization can move quickly
(DBN)

A look at AMR's pension obligations and assets over the years
(DBN)

APA explains to members why its pension plan faces major changes --- APA president: Either way, it looks like we're going to lose the lump-sum option on our pension
(DBN)

TWU goes 'woo-hoo' on pension freeze
(DBN)

Retired Delta pilot: No pensions, no bonuses
(DBN)

Ryan International Airlines files for bankruptcy
(DBN)

Airline in bankruptcy seeks rejection of more than half of its 'extremely burdensome' aircraft leases
(DBN)

Pemco World Air Services Files for Bankruptcy to Sell Assets
(DBN)

Armenian Carrier Warns Of Bankruptcy
(DBN)

TSA Critic Shows 'How To Get Anything Through TSA Body Scanners'
(DBN)

______________

Banking:

Wells Fargo's Sloan Says Branches May Be Closed, Consolidated
(DBN)

Credit Default Risk Of Largest U.S. Banks And Brokers
(DBN)

FDIC Sues Officers of Another Failed Bank; Critics Say Agency Goes Easy on Ex-Executives
(DBN)

United Western Still Contesting Closure a Year Later
(DBN)

There's A Witch Hunt Going On At Morgan Stanley Looking For The Banker Who Was Going To Finance A P----------- Business
(DBN)

______________

Compensation:

Why Mulally's $58 Million Payout Shouldn't Bother People
(DBN)

______________

Politics:

Romney: Impossible to know cost of his tax plan
(DBN)

Did Mitt Romney Just Suggest That People Making 700K Are Middle Income?
(DBN)

______________

Food/Beverage:

Dippin' Dots bankruptcy judge OKs CRO
(DBN)

Delhaize Drops as U.S. Margins to Shrink
(DBN)

Sons of ex-Giordano's owners sued over transfer of prime assets before bankruptcy
(DBN)

Real Mex Abruptly Closes 10 More Eateries
(DBN)

______________

Lehman:

Lehman Brothers to sell F1 stake for $1.5bn
(DBN)

Could Lehman Brothers Happen Again?
(DBN)

Consultant Enters Bankruptcy Fight Between Lehman, Swiss Unit
(DBN)

______________

Resorts:

Judge affirms settlement in Yellowstone Club bankruptcy
(DBN)

Judge says he won't step down in Yellowstone Club
(DBN)

______________

Health Care:

Downey Regional emerges from Chapter 11 bankruptcy
(DBN)

Cheboygan Memorial Hospital Files Bankruptcy
(DBN)

Meeting set on Christ Hospital
(DBN)

SSG Advises Lower Bucks Hospital in its Chapter 11 Restructuring
(DBN)

Price of Popular Drugs Rose 26% 2005-2009
(DBN - NY Times - Paywall Limit Possible)

______________

Baseball:

Dodgers, beaten fan encouraged to reach settlement
(DBN)

______________

Defaults:

Annual Default Study: Corporate Default and Recovery Rates, 1920-2011
(DBN)

______________

Hotels:

Ritz-Carlton, Kapalua on list of Lehman holdings for sale
(DBN)

______________

Telecoms:

Sprint Set to Bail on LightSquared
(DBN)

______________

Religion:

Temple Baptist of Charlotte files bankruptcy
(DBN)

Seattle Archdiocese wants case alleging abuse moved to NY
(DBN)

______________

IP:

Federal Appellate Court Addresses Assignment Of Trademark Licenses In Bankruptcy
(DBN)

Secured Lender Loses to IP Owner in Dispute Over Proceeds of Trademarked Inventory
(DBN)

______________

Media:

News Corp. Evidence of Obstruction Mounts Amid James Murdoch’s Resignation
(DBN)

Two Journalists From Murdoch’s Sun Attempted Suicide
(DBN)

______________

Retailing:

Why Retailers Don't Recover from Bankruptcy
(DBN)

______________

Corporate Reform:

Why are the Banksters Still at Large?
(DBN)

______________

Mass Transit:

Las Vegas Monorail Receives Court Approval to Seek Bankruptcy Plan
(DBN)

______________

Non-Profits:

No More State Fair: SFVA Files for Bankruptcy --- State Fair Liquidation
(DBN)

______________

New Bankruptcy Opinions
(
3 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (41 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (25 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 Jefferson County, Safe Harbor, Venue
(DBN)

______________

Bankruptcy Statistics:

No Surprise: Bankruptcy Filings Jump in February
(DBN)

US bankruptcies up 19% in a month
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Jurisdiction:

Fifth Circuit Weighs in on Stern’s Effects on Magistrate Judges’ Authority to Enter Final Judgments on State Law Counterclaims
(DBN)

______________

Credit Counseling:

Evaluating Mandatory Financial Education in Bankruptcy
(DBN)

______________

Sales:

Supreme Court to Consider Validity of Plan Sale Without Credit Bidding in RadLAX Gateway Hotel
(DBN)

______________

Fraud:

U.S. Senator says fund should cover Stanford claims
(DBN)

Crooks admit to horseplay with AIG, Deutsche cash
(DBN)

______________

Litigation:

The Rise of Third Party Litigation Funding
(DBN)

N.Y. Appellate Division Continues to Press 'Zubulake' EDD Standard
(DBN)

______________

Setoff:

Got Setoff Rights? Think Again
(DBN)

______________

Insurance:

Towers Watson Releases 2011 D&O Liability Insurance Survey
(DBN)

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

______________

Sports:

Sports Turns Into Private Equity Playground
(DBN)

______________

Pensions:

American Airlines proposes to freeze pensions rather than dump them on PBGC
(DBN)

______________

Weather:

Why It Feels Like North America Skipped Winter
(DBN)

______________

Bankruptcy Crimes:

New Jersey Man Caught in the Midst of Massive Bankruptcy Fraud
(DBN)

______________

Consumer Debt:

Consumers Borrowed $17.8B in January
(DBN)

______________

Utilities:

AES shutdown worries communities --- Somerset AES plant on shaky grounds
(DBN)

______________

Construction:

Subcontractors and suppliers win support for lien perfection during North Carolina bankruptcies
(DBN)

______________

Celebs:

Lenny Dykstra Might Have Allen Iverson Beat
(DBN)

Dave Duerson Had Only $19500 In Assets Before His Death
(DBN)

______________

Water Products:

Culligan weighs restructuring options-sources
(DBN)

______________

Alternative Energy:

Rep. Issa: Energy Dept. Wastes Money Burying Committee in Paper
(DBN)

Solyndra sells core assets for a pittance
(DBN)

______________

Textbooks:

Nebraska Book files amended plan, closing off-campus stores
(DBN)

______________

Cross-Border:

Vitro Decision in Bid to Block Suits to Come Soon, Bankruptcy Judge Says
(DBN)

______________

UK:

Rangers on the brink as players reject wage cuts
(DBN)

______________

EU:

Spain And Holland Are Starting To Reject EU Austerity Rules
(DBN)

European distressed hedge funds thwarted by LTRO
(DBN)

At Last, A Credible Threat of Default: Too Little-Too Late Eupdate?
(DBN)

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

______________

PIIGS:

Greek bond swap gains momentum as deadline nears --- Private Investors With 58% Agree to Debt Swap --- Greek pension funds split on bond swap deal --- Greece's debt swap looks like it might work
(DBN)

Greek Default Swap Trades Dwindle to Record Low Before Debt Swap
(DBN)

Bold hedge funds mull risky Greek debt battle
(DBN)

______________

Canada:

Canadian Solar Drops After Loss Exceeds Estimates
(DBN)

______________

Germany:

German business bankruptcies down in 2011
(DBN)

In Germany, Women's Salaries Are 21.6 Percent Lower Than Men's
(DBN)

______________

Japan:

Elpida Shares Plunge 97% After Stock Limits Removed
(DBN)

Japan Said to Weigh Extending AIJ Suspension as Probe Widens to Hong Kong
(DBN)

______________

Switzerland:

KMPG report clears Swiss central bank directors in currency trading scandal
(DBN)

______________

Ukraine:

Ukraine Is Two Weeks Away From A Meltdown As Forex Reserves Disappear
(DBN)

______________

Kiribati:

Rising Sea Levels Are Forcing This Entire Island Nation To "Move"
(DBN)

______________

Iceland:

Iceland Blames UK for Its Financial Collapse
(DBN)

Iceland Seeks Retribution Law Against Politicians as Haarde Exposes Holes
(DBN)

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Copyright 2012