May 18, 2012

The Daily Bankruptcy News

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Law:

Dewey & LeBoeuf Law Firm Boosts Non-Union Layoffs to 533 --- Imploding Dewey & LeBoeuf Could Be Forced Into Bankruptcy --- Dewey & LeBoeuf's risky business --- Criminal probe into ex- Dewey chief rumbles on as last top partner departs --- Fun with Numbers --- Dewey Have A Meme Contest For You! --- Kramer Levin Advising Banks as Dewey Stragglers Continue to Disperse --- Gay Lawyer Blamed for Dewey LeBoeuf's Demise --- Lawyerly Lairs: Dewey Know What Steven Davis’s Office Looks Like? --- Landlord of D.C. office seeks to evict over unpaid rent --- Profession throws a lifeline to trainees at doomed Dewey --- Dewey's Hong Kong team to join DLA Piper ---What has become of Dewey & LeBoeuf’s Houston office? --- Jerry Maguire, Dewey & LeBoeuf and the future of law practice
(DBN)

Sanctions Motion Accuses Ex-Cozen Partner of Taunting ‘Pansy’ Opposing Counsel in Abusive Emails
(DBN)

Greenberg Traurig Fights Sanctions Request in Rothstein Fallout
(DBN)

Mayer Brown elects new chairman
(DBN)

Fulbright & Jaworski names new chairman for executive committee
(DBN)

Things That Might Get You Thrown Off a Case: Drawing D--- Pics During Depositions at Dunkin’ Donuts --- Is There a Problem?
(DBN)

Which Biglaw Firm Accidentally Released Embarrassing, Unredacted Documents About Goldman Sachs?
(DBN)

Milbank a Big Winner in Latest Round of Restructurings
(DBN)

In-House: On Robin Williams And Saying ‘Thank You’
(DBN)

Was the Safeway General Counsel's Big Joke Sexist?
(DBN)

Mary Kennedy Hangs Herself: Death resonates among lawyers
(DBN)

Survey says: Big jumps in some not-so-positive numbers reflecting firm leaders' views of the future
(DBN)

Comment of the Week: Biglaw Is More Dangerous Than Football
(DBN)

Report: Case Against George Zimmerman Was Hampered by Police Missteps
(DBN)

California Supreme Court Considers Whether to Grant Law License to Illegal Immigrant
(DBN)

A Hottie From Down Under Sues Her School Because She Was Too Slow to Study Law
(DBN)

Law School Transparency: Step right up ladies and gentlemen
(DBN)

Calculating Law Schools' Cost Is Harder than You Might Think
(DBN)

GW and Hastings Cut Enrollment, while Bottom-Ranking Cooley Adds Another Campus. Go Figure.
(DBN)

Commencement Speakers: Coming To A Law School Near You
(DBN)

Tipped Authorities Charge 20 in Fire Insurance Fraud, Say That Defendants Reused Same Sooty Items
(DBN)

Rakoff Dismisses Copyright Claims against Westlaw, Lexis
(DBN)

Poachers make off with 800-year-old cedar tree
(DBN)

Two men rob Internet cafe, forget to log out of Facebook prior to robbery
(DBN)

Diamond thief still sitting on the evidence
(DBN)

Men arrested for vandalizing McDonald's over 'messed up' cheeseburgers
(DBN)

Say What?!
(DBN)

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Judges:

Judge and 2 Court-Appointed Lawyers Sued Over Alleged Conspiracy to Loot Rosa Parks Estate
(DBN)

Brooklyn Judge Admits He Broke the Law, Smoked Pot in Battle Against Pancreatic Cancer
(DBN)

Justice Breyer’s Georgetown home hit by burglar
(DBN)

Pay hike for New York justices 'isn't enough,' Lippman says, "demeaning"
(DBN)

Federal Judge Upholds Right To Advocate Jury Nullification
(DBN)

Michigan Justice Diane Hathaway's short sale
(DBN)

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Wall Street:

Stock index futures point to modest rebound
(DBN)

World stock markets sink on US, Europe worries
(DBN)

U.S. Stocks Continue Slide
(DBN)

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Layoffs:

H-P to Cut 30,000 Jobs in Revamp
(DBN)

Return of Factory Jobs Overblown
(DBN)

Senator Asks About ‘Unusual’ Trading Ahead of Jobs Report
(DBN)

Why The World’s Unemployed Youth Are Flocking To Brazil
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

Gupta Prosecutors Release List of Potential Witnesses --- Rajat Gupta trial could feature big corporate stars
(DBN)

Rajat Gupta May Lose Mother Teresa Defense
(DBN)

Gupta’s Lawyer Seeks Victory Where Rajaratnam’s Failed
(DBN)

Denny Hecker on the move again, this time to Oklahoma
(DBN)

SEC charges fund manager with fraud
(DBN)

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Baseball:

Dodgers owners could gain much from Bankruptcy Court settlement
(DBN)

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Energy:

Fitch: Dynegy Illustrates Ring-Fencing and Importance of Covenants
(DBN)

Dynegy Directors Sued by Investor Over Plants' Transfer
(DBN)

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Telecoms:

LightSquared: It's not over till it's over --- Philip Falcone's largest investment has filed for bankruptcy
(DBN)

A Nokia Bankruptcy Is Baked Into The Price Already
(DBN)

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Aviation:

Kirby: We expect an AMR-US Airways merger to resolve our pilot seniority dispute
(DBN)

US Airways pushes to work with American Airlines, creditors toward merger --- AMR Merger With US Airways Inevitable, Union Expert Says --- Unsecured creditors committee asks some pointed questions of APFA expert
(DBN)

Economist: American Airlines needs a merger , not a standalone plan --- US Airways exec says ready to work out a deal with American
(DBN)

American Airlines responds to APFA expert Akins
(DBN)

Airlines rang up mega buck$ in fees
(DBN)

Pilots' predeliction for high life could bring down Air India --- Theft, fraud allegations vex Air India
(DBN)

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Politics:

Elizabeth Warren's New Ad: 'Ancestry' --- Warren contributed to Native American cookbook --- Elizabeth Warren's Cherokee Heritage: Making Everyone Look Bad --- Sabato criticizes Globe's Warren coverage --- Can Warren Get Her Mojo Back?
(DBN)

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Distressed Investing:

Distressed M&A? Look toward SNFs
(DBN)

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Economy:

Jobless claims steady, mid-Atlantic factories sag
(DBN)

Fed's Bullard Says U.S. Rates May Increase by Late 2013
(DBN)

71% Say Government Should Let Big Troubled Banks Fail
(DBN)

Is Europe catching?
(DBN)

Ten-year Treasury Rate Sinks Near All-time Low
(DBN)

The Best Countries For Doing Business
(DBN)

Here's The Presentation About Rich People That TED Doesn't Want You To See --- Video
(DBN)

The Most Likely Outcome To The Fiscal Cliff Crisis
(DBN)

US Consumer Comfort Declines for 4th Month
(DBN)

How ‘Taxmageddon’ would affect the U.S. economy
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Mortgage rates hit record lows - again --- Average US fixed mortgage rates for the past 52 weeks, at a glance
(DBN)

RE/MAX: Home prices rise for third consecutive month
(DBN)

Fitch predicts housing bottom in 2013
(DBN)

Stockton Foreclosures Down But Still Nation's Highest --- Illinois third in foreclosures despite national improvement --- Nevada reclaims title as US foreclosure capital
(DBN)

San Francisco Bay Area Home Prices Increase 8.3% in April
(DBN)

Foreclosure Victim Commits Suicide During Wells Fargo Lawsuit
(DBN)

US housing recovery shows subsidies need trimming
(DBN)

S&P Raises Outlook For Ally On ResCap Restructuring
(DBN)

Buffett Said to Have Pursued ResCap Purchase Before Bankruptcy
(DBN)

Hedge-fund big scorched by Ally & ResCap
(DBN)

____________

Banking:

Banks May Need $566 Billion to Plug Capital Gap, Fitch Says
(DBN)

JP Morgan's "Hedge Gone Wrong" -- Was It a Euro Election Bet? --- The JPMorgan Whale's Disastrous Trades Were No Hedges
(DBN)

How JPMorgan Is Like Enron
(DBN)

Report: Jamie Dimon Personally Approved The Concept Behind The Disastrous Trade, Losses Could Total $5 Billion
(DBN)

JP Morgan's Trading Loss to Rise 50%
(DBN)

_____________

Retailing:

Sears Holdings returns to a profit in 1st quarter --- JC Penney bombs in record stock slide
(DBN)

"Fast" Eddie may end up saving Sears
(DBN)

Advance Auto warns of difficult second-quarter, shares fall
(DBN)

______________

MF Global:

MF Global clients bash fat fees, seek quick wind-down
(DBN)

MF Global Bankruptcy Claim Trading Jumps In Recent Weeks
(DBN)

______________

Municipalities:

Alabama lawmakers added a year to Jeffco bankruptcy-lawyer
(DBN)

5 High-Profile Muni Bond Busts
(DBN)

The 10 Most Distressed Cities In America
(DBN)

New legal issues cloud pact to fix Detroit's finances
(DBN)

Schilling Rhode Island Pitch Risks $75 Million Debt --- RI Loan Official Resigns After Schilling Company Default
(DBN)

Dixon Illinois: Fifty Three Million Dollars Go Missing -- So Who Let the Horses Out?
(DBN)

Don't tweak bankruptcy bill
(DBN)

Where does Stockton go from here? --- Stockton, Calif. mayor hopeful of deal with creditors
(DBN)

Radical changes may follow Act 47
(DBN)

______________

Mail:

Postal Service to begin closing plants this summer
(DBN)

______________

Autos:

Why Investors Are Skeptical About GM's Long-Term Prospects
(DBN)

GM Chief Hopes to Return to Investment Grade Within Year
(DBN)

______________

Buses:

Coach America auction reset after delays; exclusive rights to file bankruptcy plan granted
(DBN)

Stagecoach acquires businesses from Coach America
(DBN)

______________

Health Care:

Buyers emerge for 2 hospitals
(DBN)

Hospital Employees Criticize Accretive's Debt Collection Methods
(DBN)

______________

Consultants:

S&P cuts AlixPartners LLP rating to 'B+'
(DBN)

______________

Religion:

Judge's ruling has clergy- abuse victims' advocate on defensive
(DBN)

Prosecution rests in Philadelphia Archdiocese child sex abuse trial
(DBN)

______________

Corporate Reform:

Corporate settlement policy unlikely to be changed by Congress
(DBN)

JPMorgan Loss Throws Republican Lawmakers Off Balance
(DBN)

The Long, Long, Long Road To New Rules For Banks
(DBN)

______________

Accounting:

Suit Filed Against Auditor of Investment Fund for Deficient Auditing of Madoff-Managed Assets
(DBN)

______________

Tax:

Eduardo Saverin joins the stateless billionaires
(DBN)

______________

Celebs:

Terrell Owens Fights Foreclosure in Miami
(DBN)

______________

Video Games:

Rhode Island Would Own 38 Studios' IP if it Defaults on Loan
(DBN)

______________

Finance:

Amid robust market, covenant-lite loans hit post-credit crunch high
(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 (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (48 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 MF Global, Tousa, Jesuits and the Titan (audio)
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Appeals:

Some Bankruptcy Orders Are Final Even If Case Is Still Pending
(DBN)

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Litigation:

Coping With Preservation and Proportionality in Legal Holds
(DBN)

Judge Peck Denies Plaintiffs' Amicus Brief on Recusal
(DBN)

______________

Insurance:

D&O Insurance: Officer Not Acting in Insured Capacity When Guaranteeing Company Debt
(DBN)

Federal Law Trumps: Third Circuit Reaffirms that Section 1123(a)(5)(B)of the Bankruptcy Code Preempts Anti-Assignment Provisions in Insurance Policies
(DBN)

MBIA judge wants to know: Did banks ask NY pols to launch probe?
(DBN)

MBIA solvency analysis was flawed, banks argue
(DBN)

New York Relied on MBIA-Hired Firm to Approve Revamp
(DBN)

______________

Corporate Governance:

Judge Strine tells it straight on fairness opinions
(DBN)

______________

Food/Beverage:

Judge urges Hostess, Teamsters union to talk
(DBN)

Attorney: Bankruptcy deal could hamper PACA creditors
(DBN)

One Of Wall Street's Favorite Steakhouses Is Closing Down Due Soaring Rent And Beef Prices

The 10 Best Italian Restaurants In New York City
(DBN)

One Of The Deadliest Restaurant Dishes In The World
(DBN)

Study: 96% of restaurant entrees exceed USDA limits
(DBN)

______________

Education:

The Most Expensive Colleges In America
(DBN)

______________

Oil/Gas:

Acquiring Distressed Natural Gas Assets Outside of Bankruptcy: Good Deals Today May Be Fraudulent Transfers Tomorrow
(DBN)

Credit worries intensify for embattled Chesapeake
(DBN)

_____________

Telecoms:

Worries mount as Nokia burns through cash
(DBN)

______________

Debt Collection:

Hospital Debt Collector Taps Politicians For Defense
(DBN)

______________

Gambling:

Circus & Eldorado Joint Venture Seeks Bankruptcy in Nevada --- Silver Legacy Files for Bankruptcy ; Will Remain Open
(DBN)

______________

Alternative Energy:

Energy Conversion fires 2 top execs
(DBN)

US Solar Tariffs on Chinese Cells May Boost Prices
(DBN)

______________

Lehman:

Lehman not felled by JP Morgan collateral calls, Geithner says
(DBN)

______________

Defaults:

S&P: Global Corporate Default Tally Rises to 31
(DBN)

______________

Small Business:

One-Third of U.S. Small-Business Owners Feel Debt Burden
(DBN)

______________

EU:

Geithner: Europe Must Still Work To Prevent Broader Crisis
(DBN)

EU Commission to adopt bank resolution scheme June 6
(DBN)

Euro at 4 month low against dollar as crisis spins
(DBN)

Why French Economy Works Surprisingly Well
(DBN)

______________

PIIGS:

Grexit steals spotlight from Spain --- Greece Aims to Clear Bank Funding By May 24 as ECB Loans Halted --- This Is What Happens If Greece Exits The Euro --- Roubini: It's time for Greece to go --- Fitch Downgrades Greece: Warns On Greek Exit Odds, Says Ratings Of The Rest Of The Eurozone Are At Risk --- Fitch Could Not Think Less Of Greece Right Now --- Utility company debtors stealing power --- IMF officials will not visit Greece until after June 17 elections --- Greek exit could cost eurozone 100s of billions of euros --- When the drugs run out --- Is Greece Already Stepping Back From The Ledge?
(DBN)

Spain beset by bank crisis, recession, bond pressure --- Moody's downgrades four Spanish regions --- Moody's Downgrades 21 Spanish Banks --- Spain Stocks Fall Sharply After Moody's Downgrade --- In Spain, Jobless Find a Refuge Off the Books
(DBN)

World Bank: Spain, Italy Could be Next
(DBN)

______________

Canada:

20 Canadian Companies At Greatest Risk Of Default
(DBN)

Fraud and banks: Canadians clubbed
(DBN)

______________

Argentina:

Credit Suisse, BNP May Take YPF Stake as Eskenazis Default
(DBN)

______________

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Copyright 2012