May 17, 2012

The Daily Bankruptcy News

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Law:

BigLaw Bankruptcy Associate Wrote Novel in Early Mornings Before Law Practice
(DBN)

Top Dewey & LeBoeuf lobbyist moves on --- Dewey's Internal Probe May Be Dead, but DA's Inquiry Goes On --- Houston's Dewey & LeBoeuf office appears closed --- The Anatomy of Dewey's Demise --- Final Member of Dewey’s Four-Lawyer Management Team Heads to a New Firm --- 433 New York Layoffs and Three Lawsuits in Dewey Saga --- Dewey pulls shutters down on 'ghost town' New York office --- Dewey turns to Camerons for advice on UK wind-down --- Dewey & LeBoeuf 'Is Not Formally Closed,' Says Law Firm Spokesman
(DBN)

Dewey, Arnold & Porter, Latham, Goodwin, DLA: Business of Law
(DBN)

State appeals court rejects lawyer's discrimination suit against Skadden --- Court Cites Misuse of Car Service
(DBN)

Claimed Fla. Sunshine Law Advice re Hospital Merger Talks Costs Law Firm $6M
(DBN)

Sometimes The Customer Isn’t Always Right
(DBN)

Working In-House from Your Own House
(DBN)

A High Water Mark For American Lawyers
(DBN)

‘[Bleep] With Me And You Will Have A Huge [Bleep]hole,’ Warns Biglaw Partner
(DBN)

OJ Simpson Habeas Petition Blames Football Great’s Ex-Counsel for Armed Robbery Conviction
(DBN)

New York lawyer suspended for failing to stop mortgage fraud
(DBN)

Most Highly Regarded Firms: Insurance & Reinsurance 2012
(DBN)

Lawyers For Goldman, Merrill, And Morgan Stanley Accidentally Leaked E-mails That Show Their Clients Were Short-Selling Overstock.com
(DBN)

Facebook lawyers to make $2.6 mln in IPO
(DBN)

Over 50% of Lawyers are Introverts
(DBN)

Lawyerly Lairs: Capital Homes in the Capital
(DBN)

Smartest Guys in the Room: Will organizations, including law firms, bypass brilliance for bright-enough?
(DBN)

Top Law School Finally Commits To Getting Grades In On Time; Will Fine Late-Grading Faculty
(DBN)

Law School Transparency: The graduates
(DBN)

Should Law Schools Focus on Lawyering Skills?
(DBN)

Church kicks in for Utah's new law school building
(DBN)

Medical Report On Zimmerman Shows Broken Nose, Lacerations, and Back Injury
(DBN)

Two Jurors in Clemens Case Are Dismissed for Sleeping During Testimony --- And Steroids Are Obviously a Critical Tool of the American Baseball System
(DBN)

Lawyer Suspended Partly for Phone Insults; Panel Discounts His Claim Woman Mistook ‘Slug’ Comment
(DBN)

FL Bar Report: Some Lawyers Are Old and Others Have Major Problems.
(DBN)

Obama’s new free speech threat
(DBN)

En garde: 2 battle with scoopers in Seattle park
(DBN)

Cops: Teens hold up restaurant as 'prank'
(DBN)

Harboring A Wallaby
(DBN)

Say What?!
(DBN)

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Judges:

Ex-bankruptcy judge Tim Corcoran trades convictions for confessions
(DBN)

Why Justice Souter should publish his secret dissent in Citizens United
(DBN)

Mich. SC justice under scrutiny for real estate transactions
(DBN)

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Wall Street:

U.S. Stock Futures Rise Before Jobs, Manufacturing Data
(DBN)

Global shares recover slightly, but Greece fears remain
(DBN)

US stocks, euro fall on ECB news, Fed minutes
(DBN)

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Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Appeals Court Strikes Down Harrisburg Bankruptcy
(DBN)

Alabama Lawmakers Kill Jefferson County Rescue Bill
(DBN)

David Unkovic wanted bankruptcy , Jeff Piccola says
(DBN)

Stockton Blunders on Books Helped Propel City to Crisis --- California's Chiang on Probe of Stockton's Finances
(DBN)

Detroit's End of the World Decay
(DBN)

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Aviation:

AMR Can Change Nonunion Workers' Pacts: judge
(DBN)

American settles with 5 of 7 TWU groups as Sec. 1113 hrg continues; airline offers some reduced job trims, TWU still supports merger
(DBN)

Judge: AMR can cut wages and benefits before union election
(DBN)

American Airlines job cuts: 14,107 - 1,314 = 12,793
(DBN)

American Pilots finish making their case in New York
(DBN)

Judge denies request by American Airlines passenger service agents
(DBN)

Signed, Sealed, But Not Delivered?
(DBN)

CWA: AA cuts for passenger service agents may be legal, but it still isn't right
(DBN)

APA is on the stand again Wednesday
(DBN)

Judge in Pace Airlines case changes status of two major claims
(DBN)

Pinnacle Bankruptcy Bargaining Deadlines Extended, USW Advises Court of Problems with Pinnacle's DIP Financing --- Pinnacle Airlines debtor-in-possession financing approved
(DBN)

Direct Air financial woes continue
(DBN)

Bolivia's main private airline AeroSur in doubt
(DBN)

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Autos:

Dems Seek Info About Chrysler Bailout Lawsuit Decision
(DBN)

GM Claims Immunity For Its Old Cars
(DBN)

Solamere Capital offered to help fund the auto-industry managed bankruptcy … just like Bain Capital!
(DBN)

Retirees cry foul over Delphi case
(DBN)

Ex-government officials refuse to cooperate with Delphi pension probe
(DBN)

The Story of Saab Continues
(DBN)

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Economy:

Business Recovery, but Washington Didn't Help
(DBN)

'U.S. Spends More Per Person than Portugal, Italy, Greece, or Spain'
(DBN)

Several on FOMC Said Easing May Be Needed on Faltering
(DBN)

The Next Debt Ceiling Fight Will Be Orders Of Magnitude Worse Than The Last One --- No budget, no pay for lawmakers gaining steam on Capitol Hill --- Boehner Demands Spending Cuts for Any Debt Limit Increase --- Debt ceiling talks outline new GOP strategy for election --- Boehner Vows Showdown
(DBN)

Senate rejects Obama budget in 99-0 vote --- Auto Workers Union Opposes Obama's Budget
(DBN)

America's Energy Future
(DBN)

American Decline a Mirage in a World That’s Rising
(DBN)

US housing, industrial data point to steady growth
(DBN)

Stocks get a boost from US economic data
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Loans past due and in foreclosure at 4-year low --- Trends improved April, but state-level data point to more repossessions ahead
(DBN)

Home Insurance Rates Rose 19% Nationwide in 2011: Report
(DBN)

Southern California housing data signal turnaround
(DBN)

AIG Among Insurers Chosen for ResCap Creditors Committee
(DBN)

Nationstar deal to buy ResCap comes with AG settlement strings
(DBN)

Alabama lawsuits challenge electronic mortgage system
(DBN)

Housing Starts increase to 717,000 in April
(DBN)

Report: Housing Inventory declines 18.9% year-over-year
(DBN)

AIA: Architecture Billings Index indicates contraction in April
(DBN)

Housing market posts best stretch of growth in nearly four years
(DBN)

Woman Buys, Rehabs Wrong House
(DBN)

Multifamily supply could hinder rent growth by 2013 in some markets
(DBN)

America's Fastest Growing Housing Markets
(DBN)

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Banking:

FBI's Mueller Confirms JPMorgan Preliminary Probe --- Now We Know Why The FBI Is Investigating JP Morgan
(DBN)

Regulator warns on banks' ability to manage risk --- JP Morgan Hedge Exposed the Bank to More Risk
(DBN)

Key Republican: JPMorgan $2B loss raises questions --- JPMorgan May Take Center Stage at Hearings on Dodd-Frank
(DBN)

Why JP Morgan’s CIO found it so easy to make money
(DBN)

JPMorgan: Let the shareholder lawsuits begin; two are filed
(DBN)

JP Morgan's Asset Management Division Was On The Other Side Of The London Whale's Trade - Business Insider
(DBN)

In Scrutiny of JPMorgan Loss, Bigger Questions Left Unanswered --- 'Jamie the Great': tap dancing with derivatives
(DBN)

Hedge funds eye further profits from JPMorgan losses
(DBN)

'London Whale,' Who Lost $2 Billion, to Leave JPMorgan --- The man who beached 'Moby Iksil'
(DBN)

Bank of St. Augustine signs agreement with regulators
(DBN)

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Finance:

A $46 Trillion Alarm Bell
(DBN)

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Steel:

USW mum on RG Steel's future
(DBN)

______________

Pensions:

Creditors Committee wants pension bankruptcy case dismissed
(DBN)

CNMI govt joins move to dismiss Fund's bankruptcy petition
(DBN)

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Corporate Reform:

Republicans reject Dems' calls for stricter oversight of Wall Street
(DBN)

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IP:

A Call To Arms - 365(n)And Trademark Licensees
(DBN)

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Alternative Energy:

House Subcmte. Investigates Dept. of Energy Lending Program
(DBN)

______________

Celebs:

Michael Jackson Bankrupt Doctor Arnold Klein Not Paying Rent
(DBN)

Octomom May Be Forced To Move After Court Tosses Her Bankruptcy
(DBN)

______________

Coal:

Patriot Coal's Shares Fall After S&P Lowers Rating
(DBN)

______________

Student Debt:

How To Pay Off $90,000 Student Debt In 7 Months
(DBN)

______________

Distressed Investing:

Distressed Debt: Rescap
(DBN)

______________

Health Care:

Bankrupt county debates keeping broke hospital afloat
(DBN)

Report gives look at medical center pre- bankruptcy
(DBN)

Medical Park Hospital may seek bankruptcy
(DBN)

Nevada Cancer Institute emerges from bankruptcy
(DBN)

Dental Abuse Seen Driven by Private Equity Investments
(DBN)

______________

Hollywood:

Cannes 2012 Faces Economic Reality: Cutbacks Everywhere
(DBN)

______________

Telecoms:

LightSquared case opens amid skepticism from creditors
(DBN)

TNCI Granted Extension in Bankruptcy Case
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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:

Kaye Scholer Partner Madlyn Primoff Provides Outlook for Bankruptcy and Distressed Situations
(DBN)

Rochelle on Residential Capital and LightSquared: Audio
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Poetry:

Hall v. U.S.
(DBN)

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Avoidance Actions:

Eleventh Circuit Upholds Bankruptcy Court’s Fraudulent Transfer Ruling in TOUSA
(DBN)

Eleventh Circuit Issues New TOUSA Decision, Upholds Finding That Upstream Guarantees Were Fraudulent Transfers
(DBN)

Eleventh Circuit Reinstates Controversial Bankruptcy Court Opinion in In re TOUSA
(DBN)

_____________

Plan Confirmation:

Does the Presence of Guarantees Justify Separate Classification of a Lender's Deficiency Claim in a Chapter 11 Case?
(DBN)

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UCC:

Article 9 and Bankruptcy Judges
(DBN)

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Insurance:

Ambac Claim Payments Sought by Wisconsin Insurance Chief
(DBN)

Banks say MBIA didn't tell NY its true condition before split
(DBN)

New York senate mulls hearings on MBIA split
(DBN)

Research Trends and Conclusions: Insurance & Reinsurance 2012
(DBN)

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Litigation:

Predictive Coding Debate Rages On: Judge Peck Stays Discovery in Groundbreaking Case
(DBN)

______________

Politics:

'Pow wow' factor: Elizabeth Warren touted native roots in '84 cookbook --- Elizabeth Warren not alone on the trail --- Elizabeth Warren and the Indians: Secret emails revealed --- Cherokee Genealogist To Elizabeth Warren : "Tell The Truth" --- Elizabeth Warren's voice against Wall Street gets tuned out
(DBN)

Romney Blamed for Chain Store's Bankruptcy
(DBN)

Romney Attacks Obama for Not Cutting Debt Amassed By Bush
(DBN)

Romney giving up on home state of Massachusetts
(DBN)

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Fraud:

Judge inclined to allow 3 key calls at Gupta trial
(DBN)

Goldman Sachs Lawyer at Sullivan & Cromwell May Testify on Gupta Comments
(DBN)

The fifth Mrs. Hecker has lots of juicy stuff to share
(DBN)

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Retailing:

The End Of The Retail World As We Know It
(DBN)

The big “If” with J.C. Penney
(DBN)

______________

Defaults:

Moody’s Analytics: Stressed Default Probability Shows US Corporate Credit Risk To Improve In 2012
(DBN)

______________

UK:

How would a euro collapse hit us in the pocket?
(DBN)

Wansbeck named bankruptcy capital of the UK
(DBN)

Clinton Cards administrators to shut 350 UK stores
(DBN)

Two bidders for Petroplus UK Coryton refinery
(DBN)

Field Fisher joins line-up of Rangers advisers with role for preferred bidder
(DBN)

______________

EU:

Eurozone Sketch: A kiss, a wrong turn and 'Merkollande' take the stage
(DBN)

Banks drag European shares down on euro zone worries
(DBN)

How Europe’s banking crises threaten the eurozone
(DBN)

Waiting for a European Santa Claus

Bond Risk Little Changed in Europe, Credit-Default Swaps Show
(DBN)

______________

PIIGS:

European Stocks Fall to Lowest This Year Amid Greece Concern --- The Champion of Greek Outrage --- Greece gets worst of worlds with no euro decision --- ECB: Draghi 'strongly' prefers Greece in euro zone --- Going, going, gone? --- 'Grexit': Are Greece's euro fears causing a $1-billion bank run? --- ECB presses Athens over banks --- Grexit worse than Lehman? --- Greece names caretaker cabinet ahead of new elections --- 'Vulture funds' circle as Greece fears grow
(DBN)

Spain PM Calls for Euro Defense as Spain Risks Credit Crunch --- Spanish indignation --- Spain clears bond sale, but yields up --- Spaniards Go Underground to Fight Slump
(DBN)

Italy Tax Agents on Frontline of Anti-Austerity Backlash
(DBN)

______________

Argentina:

YPF Seeks Waivers on Debt Repayment Rights After Seizure
(DBN)

______________

Iceland:

Reykjavik Court Orders Kaupthing's Ex-Chairman to Repay Loan
(DBN)

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Copyright 2012