May 1, 2012

The Daily Bankruptcy News

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Law:

Dewey tells partners to consider alternative roles --- Latest Dewey Defections: Three More Partners Leave, Including Bank and Finance Chair --- Dewey Gets an Extra Week to Renegotiate Debt, While Its Ex-Leader Defends Himself Amid DA's Probe --- Former Chairman Lawyers Up --- Losses mount as deal talks continue --- Going in a Different Direction --- Dewey LeBoeuf Is Said to Be Near Extending Credit Deadline --- More Dewey Defections to Magic Circle Firms: This Time, Linklaters --- Dewey Have More Partner Departures To Report? Sadly, Yes --- Said to Encourage Partners to Leave --- Tally of Exiting Partners Now Tops 85
(DBN)

Law Firms Are No Longer Seen as a Safe Bet for Lenders --- Citi Loaned Cash to Five Law Firms Before Bankruptcies
(DBN)

Morgan Lewis joins the Dewey & LeBoeuf trend
(DBN)

Dewey, Davis Polk, Latham, Bingham, Sidley, DLA: Business of Law
(DBN)

DLA Piper to recognise pro bono in billing targets
(DBN)

Tom Cole stepping down as chair of Sidley executive committee
(DBN)

Marcia Goldstein speaks with Bloomberg
(DBN)

Peer Monitor Index rises 6 points in first quarter
(DBN)

The Rise (and Fall?)of Big Law Firms
(DBN)

Gross Revenue at BigTex Firms Inches Up in '11
(DBN)

More About the TD Bank To-Do: In Defense of Greenberg Traurig
(DBN)

NYC bar issues ethics opinion on documents sent inadvertently
(DBN)

The Practice: Finding Meaning
(DBN)

Demand to see life's manager!
(DBN)

Law Kid Posts Take Home Exam Question On Message Board Looking For Answers, Finds Only Ridicule
(DBN)

Schools amend grad job claims
(DBN)

Law School Transparency: The ninth circle
(DBN)

Hastings College cutbacks a response to legal education's 'crisis'
(DBN)

Database computes the real costs, opportunities of law school
(DBN)

“Practice-ready” students
(DBN)

Hastings to Cut Law School Enrollment by 20 Percent Over Next Three Years --- Cutbacks a response to legal education's 'crisis'
(DBN)

Women speaking up in law school
(DBN)

Georgetown Law Rolls Out the 'Law Firm Pronunciation Guide'
(DBN)

New Database Computes the Real Cost of Law School
(DBN)

Herbert Smith prepares to cut up to 51 jobs, 23 in corporate
(DBN)

Slaughters freezes associate pay bands at 2011-12 levels
(DBN)

Former Halliwells fixed-share partners query BDO's impartiality
(DBN)

Am Law 100's 25th Anniversary Report Reveals Rise of Non-New York Firms
(DBN)

Skadden Not The Only Law Firm on the 2012 Private Companies List
(DBN)

Inside Straight: The Ten Rules For Writing Articles To Generate Business
(DBN)

Alleged Hit Man Killed in Shootout in Lawyer's Office
(DBN)

Lawyer Accused of Trading Contraband for Sexual Favors with Inmates
(DBN)

Real Estate Closings in New York Can Be Downright Dangerous
(DBN)

Autistic File Clerk Credits His Photographic Memory with Success at His Law Firm Job
(DBN)

D.C. law firm hosts dozens of kids on take a child to work day
(DBN)

Man Files Federal Wiretap Suit Against Ex, Says He Found Recording Device Sewn Into Son's Clothing
(DBN)

Lawyer Turned 'Legal Coach' – A New Way To Make Your Own Case In Court
(DBN)

'Civility' prosecution nears end
(DBN)

Dentist Under Investigation After Removing Every Tooth From Mouth Of Ex-Boyfriend
(DBN)

"Mad Men" - What struggling lawyers can learn from the women
(DBN)

Report: Guns used in Mexico for lawyer's murder traced to ATF
(DBN)

"The Good Wife" - Cary returns to firm which rejected him
(DBN)

Obese lawyer sues supervisor and AIG for 'Fat Albert' insults
(DBN)

Man Sues BMW for . . .
(DBN)

Say What?!
(DBN)

______________

Judges:

A brilliant article shows that the Founding Fathers not only supported mandates, they passed laws imposing them.
(DBN)

High court should hear 'Rubashkin' to consider overzealous DOJ and judge who was essentially on prosecution team
(DBN)

______________

Wall Street:

Stock futures tread water ahead of ISM
(DBN)

US stocks close lower as Spain weighs
(DBN)

______________

Layoffs:

LDK Solar Cuts 5,554 Workers Amid Clean-Energy Shakeout
(DBN)

Pentagon signals Army layoffs
(DBN)

Global Unemployment an Alarming Situation
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Autos:

The bailout Mitt suddenly loves --- A Short History of Mitt Romney's Views on the Detroit Bailout --- Romney Adviser Now Claims Auto Rescue Was Actually Romney's Idea
(DBN)

More Losers in the Auto Industry Bailout and Its Aftermath
(DBN)

Will Detroit Three Survive and Thrive?
(DBN)

Big Three's biggest problem: Europe
(DBN)

______________

Fraud:

U.S. adds muscle to fraud investigations
(DBN)

Arbitration Award Against Wachovia Securities in Derivium Capital Ponzi Case
(DBN)

Conrad Black to Get Out of Prison This Week
(DBN)

Litigants must pay to play at next Scott Rothstein deposition
(DBN)

Judge Dismisses Some Madoff Trustee Claims Against Investors
(DBN)

DOJ: $728 Million Of Rigas Fortune Goes to Fraud Victims
(DBN)

Rajaratnam Wiretap Approval Sought for Ex-Goldman Director Gupta’s Trial
(DBN)

______________

Corporate Governance:

Key Delaware Corporate and Commercial Decisions in First 4 Months of 2012
(DBN)

Looming fight in Wal-Mart shareholder litigation: Arkansas v. Delaware
(DBN)

Wal-Mart's Four "Most Worrisome" Governance Issues
(DBN)

Corporate Veil Of Single-Member LLC Holds Up In Maryland To Protect Owner In Absence Of Fraud
(DBN)

______________

Oil/Gas:

SMF Energy Files Plan To Sell Its Assets At Auction
(DBN)

______________

Alternative Energy:

Solar energy co. LDK posts $589M 4th-qtr loss
(DBN)

______________

Derivatives:

ISDA Set to Decide on CDS Rules Revamp Within Weeks
(DBN)

______________

Economy:

Consumer Spending in U.S. Increased in March as Incomes Rose
(DBN)

Personal Income Rises 0.4%, Spending Grows By 0.3%
(DBN)

Fed Said to Criticize Banks on Risk Models in Stress Test
(DBN)

The World's Biggest Companies Reveal What's Really Happening In The Global Economy
(DBN)

Goldman: The Economy Is Slowing, And This Weeks Jobs Report Will Be Worse Than What People Expect
(DBN)

Treasurers Desperate for Yield in Wake of Near-Zero Rates
(DBN)

How to Prevent Another Bank Bailout
(DBN)

The $7 Trillion Fiscal Cliff
(DBN)

How Much Things Used to Cost
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

US homeownership hits a 15-year low --- American family rentals reach 15-year high
(DBN)

Distressed O.C. homes for sale tumble 61%
(DBN)

Maintenance for Bank-Owned, Low-Value Homes Often Cut Short
(DBN)

Investors Fight Appraisals on Rental Homes
(DBN)

FHFA delays principal reduction ruling
(DBN)

Grubb & Ellis brokers waiting for pay
(DBN)

More Counties File Suit Against MERS Over Recording Fees
(DBN)

Ally says its mortgage unit is close to bankruptcy
(DBN)

_____________

Food/Beverage:

Birmingham-based Adams Produce files for bankruptcy --- 400 without jobs
(DBN)

New company seeks to acquire Dippin' Dots product
(DBN)

Buffets Approved to Send Reorganization Plan to Creditors
(DBN)

USA Springs sets possible auction in motion
(DBN)

______________

Student Debt:

Lawmakers Reconsider Ban On Discharging Student Loans --- Sallie Mae Not Opposed To Bankruptcy Relief For Student Loans
(DBN)

The Student Loan Mafia Is Coming for Your Mom
(DBN)

Sneaky Banks, Student Loan Corp. Keep Students in Debt, Class Claims
(DBN)

______________

Tech:

Savtira files for Chapter 11 bankruptcy reorganization
(DBN)

______________

Protests:

Occupy Wall Street Plans A Huge Day Of Protest To Grind New York To A Halt Tomorrow
(DBN)

Occupy Wall Street Plans Global Protests in Resurgence
(DBN)

______________

Pensions:

Lawyer says Retirement Fund is eligible for Chapter 11 filing --- Govt to fight bankruptcy petition --- OAG lawyer will continue to serve healthcare corp. --- Bankruptcy petition untimely, unwarranted, unnecessary, insensitive, says retirees group
(DBN)

______________

Celebs:

Octomom Nadya Suleman files for bankruptcy --- Octomom's Feelings About Bankruptcy : 'Excited' --- Says She'll Do P--- for the Right Price
(DBN)

Falcons get $3M in cap space from NFL for Michael Vick debt
(DBN)

Warren Sapp is a TV judge now?
(DBN)

'Crocodile Dundee' star Paul Hogan ends tax battle
(DBN)

______________

Mass Transit:

Las Vegas Monorail Sends Latest Reorganization Plan to Judge
(DBN)

______________

Student Debt:

Shimkus Against Legislation Allowing Students to Declare Bankruptcy on Student Loans
(DBN)

Interesting Facts About the Student Loan Debt Bubble
(DBN)

______________

Politics:

Elizabeth Warren Listed as Minority in Self-Reported Professional Directory for Nearly Decade Before Harvard Hired Her --- Brown, Warren trade jabs over Native American listing --- The debate over Warren's claim of Native American heritage --- Native American group: Elizabeth Warren ‘better be able to defend’ ancestry claim --- Document ties Warren kin to Cherokees --- Lizzy's great great great escape
(DBN)

Warren had key role in asbestos court case
(DBN)

Warren blasts Brown for "nasty insinuations" --- Scott Brown calls on Warren camp to ‘come clean’
(DBN)

Democratic former mayors back Brown over Warren
(DBN)

In Emails, Mass. Senate Race Takes Harsher Turn
(DBN)

Romney aide: Save the auto industry? Mitt did that
(DBN)

______________

Municipalities:

Lawyer: Central Falls' bankruptcy could end soon if legislature acts
(DBN)

Chapter 9 Descends Into The Sewer To Clean Up
(DBN)

Grinney fears inaction on JeffCo
(DBN)

JeffCo creditor wants judge to force increase in sewer rates
(DBN)

In Harrisburg bankruptcy case, appeal battle heats up as motions, accusations fly
(DBN)

Is Harrisburg bailout on Corbett's agenda?
(DBN)

Providence Eying Bankruptcy Cuts Pensions in Rhode Island
(DBN)

Stockton: Town hall focuses on bankruptcy
(DBN)

______________

Baseball:

Guggenheim group will take over the Dodgers on Monday
(DBN)

Closing of Dodgers sale gets delayed
(DBN)

______________

Debt Collection:

Illinois billing company denies pressuring ER patients --- Morality and legality collide in the ER
(DBN)

Accretive's Bedside Manner for Debt Collection
(DBN)

Minn. AG's report prompts stock plunge, shareholder lawsuit
(DBN)

Debt Collection Agency Defies Media Stereotypes, Proves Nice People Collect More
(DBN)

______________

Compensation:

Say on Pay Becomes Shout on Pay
(DBN)

Barclays Pledges to Push Down Pay Amid Investor Protests --- Shareholder revolt stems from everyday investors
(DBN)

______________

Consultants:

Deloitte Finalizes CRG Acquisition
(DBN)

______________

Tax:

Rand Paul Blocks US from Finding Tax Cheats
(DBN)

26 Companies That Paid No Taxes Since 2008
(DBN)

______________

Photography:

Judge approves Kodak retention bonuses
(DBN)

Bankruptcy Court Approves Several Kodak Requests
(DBN)

______________

Horse Racing:

NYRA scandal rocks racing
(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 (69 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (22 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:

2011: A Reminder to Secured Creditors to Take Nothing for Granted
(DBN)

______________

Bankruptcy Statistics:

Bankruptcy Cools Off for Businesses and Lawyers
(DBN)

Pachulski: Lack of Bankruptcy Cases is a Cyclical Issue
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Examiners:

Appointing an examiner is not a simple task
(DBN)

______________

Automatic Stay:

Ponzi Plaintiffs Pursue Payment in Third-Party Proceeding, Southern District Sustains Stay of Suit
(DBN)

______________

Avoidance Actions:

Tactical delay of bankruptcy filing backfires on debtor's principal
(DBN)

______________

Immigration:

3rd Circuit reverses deportation for bankruptcy perjury
(DBN)

______________

Insurance:

D&O Market Remains Soft; Rates Fall in Q1 2012
(DBN)

How BofA could lose big if it wins MBIA regulatory challenge
(DBN)

______________

Aviation:

American Airlines' parent posts $807 million loss for March --- Shows operating profit, net profit in March excluding bankruptcy items
(DBN)

AMR submits $2.34 million in March bankruptcy costs to court --- As April ends, fees submitted go over $43 million
(DBN)

American's labor unions may end up worse off
(DBN)

American Airlines says revised TWU deal would save over 3,000 jobs
(DBN)

Report: US Airways sees 42% fewer ground-worker job cuts in AMR merger
(DBN)

______________

Telecoms:

It Sure Looks Like Phil Falcone Is Eating His Words Now That He's Stepping Down As The Public Face Of Lightsquared
(DBN)

LightSquared Creditors Want Anti-Bankruptcy Provisions, Falcone Out
(DBN)

______________

Trucking:

YRC makes deal with lenders to reset loan terms
(DBN)

______________

Boating:

Luhrs Marine Group files for bankruptcy protection
(DBN)

______________

MF Global:

MF Global : “This Was a Massive Theft”
(DBN)

MF Global crisis leaves rural brokers stuck in the middle
(DBN)

Political slowdown in Corzine probe?
(DBN)

______________

Lehman:

Lehman Takes Ownership of California Land Portfolio
(DBN)

______________

Security:

Bankrupt Security Firm Handled White House's 'Burn Bag'
(DBN)

______________

Orchestras:

Update on The Ongoing Dallas Symphony Troubles: Opera Merger? Insolvency?
(DBN)

______________

Banking:

Specialty Lender Says Economy Would Benefit From Big Bank Breakup
(DBN)

BofA directors fight back over $20 mln settlement
(DBN)

______________

Health Care:

Motions cleared, McLaren sale nears for Cheboygan --- Sale Should Clear Way For Doors To Reopen
(DBN)

______________

Gambling:

Silver Legacy talks on debt continue
(DBN)

______________

UK:

Corporate hit as Herbert Smith announces City redundancy consultation
(DBN)

Lloyds warns of long and difficult UK recovery
(DBN)

Well-Known Law Firm Suddenly Closes, 4 Partners Temporarily Suspended, Unknown Number of Jobs Lost
(DBN)

______________

EU:

Europe?s economic gloom hits shares, euro
(DBN)

______________

PIIGS:

S&P Axes The Ratings Of 11 Spanish Banks
(DBN)

Big Spanish banks slip closer to bankruptcy
(DBN)

Skepticism greets Spain's plans for banks
(DBN)

Eircom examiner rejects offer, unveils $3.8 billion loss
(DBN)

Ireland: Euro's stability at risk in referendum
(DBN)

ie: Insolvency bill needs more muscle
(DBN)

Monti pledges $5.5 billion in spending cuts
(DBN)

Greek anti-bailout leftist wins over austerity-weary voters
(DBN)

______________

Canada:

All eyes on Nortel privilege ruling this week
(DBN)

Thousands more handed public service job-loss notices
(DBN)

Courts grappling with third-party releases
(DBN)

______________

France:

French Banks Struggle To Shake Off Debt Crisis Fallout
(DBN)

______________

MENA:

Dubai spends $250M to get full control of Atlantis
(DBN)

______________

China:

China manufacturing touches 13-month high in April --- Too Early to 'Pop Champagne,' Pros Say
(DBN)

______________

Russia:

Russia ratifies insolvency protection convention
(DBN)

______________

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Copyright 2012