May 2, 2012

The Daily Bankruptcy News

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Law:

Dewey & Leboeuf Aims to Avoid Bankruptcy , Bienenstock Says --- Dewey Death Watch --- Dewey Know What’s Going To Happen Next? Lawyers and Staff Face Uncertain Future --- Once an Ambitious Law Firm, Reduced to Grim Dispatches --- ‘Very Short’ Health Insurance Suspension Is Latest Bump --- Dewey encourages partners to seek new jobs --- Monday Memo at Dewey Asks Partners to Seek “Alternative Opportunities” --- Dewey & LeBoeuf London Office Said to Prepare for Liquidation --- Five-partner team prepares London base for administration --- Dewey Have Any Shot of Surviving? --- Pepper Hamilton to Open New LA Office with Former Dewey & LeBoeuf Partner --- U.K. Preparing Wind Up While U.S. Soldiers On --- Leaders Scramble and Holdouts Confront a Grim Reality
(DBN)

U.S. legal profession makes case for its critics
(DBN)

Dewey, Skadden, Blank Rome, Quinn Emanuel: Business of Law
(DBN)

Chadbourne Expands London Insolvency and Restructuring Practice With New Partner Hire
(DBN)

Landers Joins Jager Smith in New York Bankruptcy Practice
(DBN)

Quinn Emanuel Opens 2nd Office in Germany with 11-Lawyer A&O Team; More Euro, Asia Growth Planned
(DBN)

Greenberg Traurig and the TD Bank To-Do: A Final Rebuttal
(DBN)

Law Firm Loses Bid to Dismiss Legal Malpractice Claim Based On Failure To File Proof of Claim
(DBN)

Ron Tutor Sues Two Law Firms Over Defection of David Bergstein's Lawyer
(DBN)

Shots Fired Into Home of 2nd Faegre Baker Daniels Corporate Lawyer; Firm Is ‘Extremely Concerned’
(DBN)

Former D.C. Biglaw Staffer Sues, Alleging Nasty Combination of Drinking and Choking at Work
(DBN)

Women In Small Firms: Survey results
(DBN)

Lawyer Who Lusted After Madonna Tickets Gets Slammed In Employee’s Epic Departure Memo
(DBN)

Skadden Partner Testifies On Role in 1984 Murder Case
(DBN)

Lawsuit of the Day: Plagiarism Doesn’t Pay
(DBN)

Regulators Take Aim at Legal Eagles
(DBN)

Kentucky fen-phen lawyers lose criminal appeal
(DBN)

Lawyer Faces Wire Fraud Case; Feds Say He Used Client Funds to Cover Law Firm and Personal Expenses
(DBN)

Lawyer Escapes Sanction for ‘Guard Chihuahua’ Remark
(DBN)

NYC Bar: Lawyers Must Tell Opponents If Documents Are Mistakenly Sent, But May Be Able to Use Them
(DBN)

Lawyer Bands Are Battling to Win ABA Contest
(DBN)

How a Venable Partner Manages a Big To-Do List, Including Preaching and Motivational Speaking
(DBN)

Law School Transparency publishes comprehensive 2010 employment data
(DBN)

Law is Going to be Awesome
(DBN)

Public Favors Proposed Law School Disclosure Requirements; Some Want School-Specific Pay Data, Too
(DBN)

Think Law School's Expensive? You Don't Know the Half of It
(DBN)

War of the PDF Apps: Who's the Winner?
(DBN)

In the Tablet Age, Law Firms Face New IT Threats
(DBN)

New York to require pro bono work for new lawyers
(DBN)

Donor wants organ back from ex-boss
(DBN)

New York State Troopers Arrest Genghis Khan On Drug, Weapons Charges
(DBN)

Cops: Girl's Grandparents Towed Her Toy Car Behind SUV
(DBN)

Ohioan Becomes First Woman To Join List Of Arrestees With Terrible Forehead Tattoos
(DBN)

Student Forgotten in Cell for Five Days Drank Own Urine to Survive
(DBN)

Hollywood Superlawyer Skip Brittenham Pens Graphic Novel; Joe Roth to Produce Film Adaptation
(DBN)

Prosecutors warn against release of Amish defendants in beard-cutting attacks
(DBN)

Morgan Stanley’s Jennings to Leave Darien Cab Stabbing Case Fate to Judge
(DBN)

You Did What On Your Trip To Bermuda?
(DBN)

Chainsaw, machete used in neighborhood dispute
(DBN)

Man Who Called 911 (Repeatedly)To Complain About Broken iPhone Pleads Guilty To Criminal Charge
(DBN)

Mug Shots
(DBN)

Say What?!
(DBN)

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Judges:

Supreme Court Loses Favor with the Public
(DBN)

Justices Ponder Shakespearean Divorce and a 'Weak-Minded Gigolo'
(DBN)

Wis. SC justice says 'chokehold' of colleague never happened
(DBN)

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Wall Street:

US stock index futures signal steady open
(DBN)

Dow Reaches Four-Year High on Manufacturing Data
(DBN)

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Layoffs:

BofA's Investment Bank Feels the Ax
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Aviation:

Brundage out as American's VP for human resources --- They don't have Jeff Brundage to kick around any more --- AMR eliminates five senior management jobs --- Horton talks about management changes at American Airlines
(DBN)

Flight Attendant Unionists Tells Customer To Drop Dead
(DBN)

Latest AMR offer could salvage 2,600 TWU jobs
(DBN)

AMR and US Airways Pilots Seek Joint Contract
(DBN)

Finally, Airline Consolidation
(DBN)

______________

Health Care:

McLaren Health's Purchase of Cheboygan Memorial Back on Track
(DBN)

Nonprofit Hospitals Faulted For Stinginess With Charity Care
(DBN)

Brookdale Hospital Hires Grant Thornton Team in Restructuring Effort
(DBN)

Delay continues on CMH sale
(DBN)

______________

Celebs:

Octomom files for bankruptcy but gets another week in her home
(DBN)

______________

Pensions:

Sept. 13 deadline for Fund creditors to file proof of claim
(DBN)

Bankruptcy expert shares opinion on Fund bankruptcy case
(DBN)

______________

Economy:

Obama Fails to Stem Middle-Class Slide He Blamed on Bush
(DBN)

Construction Spending Misses Forecasts, Increases 0.1%
(DBN)

Nearly Half of Boomers Fully Retired By 65
(DBN)

Economic Gloom Gathering, Credit Managers Suggest
(DBN)

Fewer Americans Forming Households
(DBN)

Debt inequality is the new income inequality
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Plot Thickens on Mortgage Write-Down Debate --- DeMarco denies 'ideological tilt' in principal reduction
(DBN)

Judge rules in favor of Prommis, Johnson & Freedman in fee-splitting case
(DBN)

69,000 Homes Repossessed in March Foreclosures
(DBN)

Nearly 14% Of U.S. Housing Units Were Vacant In Q1
(DBN)

NY, NJ rank among five states with highest foreclosure rates
(DBN)

Democrats charge Fannie Mae with killing $410 million taxpayer-saving mortgage program
(DBN)

Ex-Freddie CEO: SEC fraud case makes him scapegoat
(DBN)

Renters Really Prefer Owning, Builder Survey Says
(DBN)

Indianapolis: Local real estate developer files for bankruptcy
(DBN)

_____________

Sporting Goods:

Tennis Racket Maker Prince Sports Files for Bankruptcy
(DBN)

______________

Baseball:

Dodgers Sale Has Closed; Frank McCourt Era Ends --- Sale creates field of dreams in bankruptcy
(DBN)

Dodgers must pay Major League Baseball legal bills
(DBN)

Bank pulls LaGrave Field from foreclosure auction
(DBN)

McCourt e-mails farewell to Dodgers employees
(DBN)

______________

Lehman:

Lehman bankruptcy court holds that pre-petition collateral transfers and guaranties to clearing bank are safe harbored
(DBN)

There Are Some Hilarious Emails In This New Treasure Trove Of Lehman Documents
(DBN)

______________

MF Global:

Court rejects request to block access to MF Global insurance funds
(DBN)

Lessons Not Learned at MF Global
(DBN)

Political slowdown in Corzine probe?
(DBN)

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

MF Global trustees square off
(DBN)

Banks testing new protections for client funds -CFTC
(DBN)

______________

Municipalities:

Providence is one of first in US to cut pensions
(DBN)

Brown agrees to pay Providence $31.5M more
(DBN)

Investors Still Cautious On Providence, RI, Despite Reforms
(DBN)

San Jose Retirement at 50 Threatens Solvency
(DBN)

Los Angeles teeters on the brink of bankruptcy
(DBN)

10 States with the Lowest Paid Workers
(DBN)

______________

Fraud:

Gasparino: The Feds Are Looking At A Major Financial Journalist Over Possible Insider Trading
(DBN)

Podcast: Legal Issues in Ponzi Scheme Litigation
(DBN)

Costs of doing right by Madoff victims soar
(DBN)

______________

Small Business:

U.S. Small Business Lending Continues to Stall in March
(DBN)

______________

Small Business:

Banks Turn Corner on Business Loans
(DBN)

______________

Protests:

Mayor Bloomberg Doesn't Get Why Occupy Wall Street Protesters Don't Just Take Their $10 Million Severance Package And Start A Terminal Business
(DBN)

Occupy Protesters Hit U.S. Streets Amid Music, Tear Gas
(DBN)

______________

Banking:

Dallas Fed Urges Removal of CEOs of Bailed-Out Banks
(DBN)

______________

Debt Collection:

Citibank sued over debt collection tactics
(DBN)

______________

Credit/Debit Cards:

Fed Says Retailers Paying A Lot Less In Debit Fees
(DBN)

______________

Oil/Gas:

Inside Chesapeake, CEO ran $200 million hedge fund
(DBN)

______________

Hedge Funds:

Man Group Has $1 Billion Outflows as AHL Loses Clients' Money
(DBN)

______________

Religion:

Bankrupt Hub house of worship may leave lender empty-handed
(DBN)

OneUnited Bank argues that First Episcopal Church, not Charles Street AME, responsible for debt
(DBN)

______________

Golf:

Mountain Shadows Resort, golf club to be sold out of foreclosure
(DBN)

______________

Tax:

US Must Stop Incentives for Corp. Tax Dodges
(DBN)

______________

Shipping:

General Maritime Says Oaktree Plan Is Fair; Objectors Wrong
(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 (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (16 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 Reddy Ice, American Airlines-US Air Merger: Audio
(DBN)

_____________

Bankruptcy Statistics:

Personal bankruptcies fall, but more NH businesses file
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Avoidance Actions:

No Equitable Tolling Of Section 548 "Look-Back" Period
(DBN)

______________

Due Process:

U.S. Supreme Court Refuses To Hear Idearc Shareholders' Objection To Bankruptcy
(DBN)

______________

Subordination:

“Notwithstanding Section 510(a)…” – Tribune’s Bankruptcy Court Holds that Contractual Subordination Should Not Be Considered in Unfair Discrimination Analysis
(DBN)

______________

Sales:

Recoupment Affirmative Defense Not Extinguished by Debtor’s 363(f)Sale
(DBN)

______________

Litigation:

Cornerstone Research Releases Updated Study of M&A Litigation
(DBN)

5 Tips for Avoiding Settlement Traps
(DBN)

Take Two: Reactions to 'Da Silva Moore' Predictive Coding Order
(DBN)

Legal Technology News & Updates | Law Technology News
(DBN)

______________

Boating:

Luhrs Marine Group Files Chapter 11, Receives DIP Loan From BofA
(DBN)

______________

Politics:

Elizabeth Warren's Cherokee Heritage Raises Questions --- Elizabeth Warren Is Part Native American --- Elizabeth Warren's Native American problem --- Right-Wing Crazy Obsession Du Jour: Elizabeth Warren Claimed to be Native American --- Pinocchio-hontas --- Dances With Warren --- Law prof: Elizabeth Warren's boast an edge --- 1996 Harvard Newspaper Article Points to Warren as “Minority” Hire
(DBN)

Elizabeth Warren has lost her standing as chief female savior
(DBN)

Brown, Warren race most expensive in US
(DBN)

Minority legal association passed measure last year saying law schools should require documentation for Native American claims
(DBN)

______________

Ratings:

S&P: 'Weakest Link' Issuers Rise In Latest Period
(DBN)

______________

Utilities:

TXU parent reports fifth consecutive quarterly loss
(DBN)

______________

Defaults:

Emerging bond defaults on the rise, no surprise
(DBN)

Sovereign, Company Bond Risk Little Changed, Default Swaps Show
(DBN)

______________

Bankruptcy Crimes:

Former landscaper admits to hiding $175K in bankruptcy fraud
(DBN)

______________

Sovereigns:

And the Money Stopped Rolling In…Argentina Nationalizes Majority Stake in Oil Producer YPF
(DBN)

______________

UK:

UK manufacturing growth grinds to a halt --- Growth fears
(DBN)

Select committee exonerates Harbottle over Murdoch's 'major mistake' claim
(DBN)

______________

EU:

Europe's Housing Market Is Also Going Down The Tubes, Just Like Ours
(DBN)

Euro-Zone Manufacturing Slump Deepens
(DBN)

Euro Area Unemployment Hits Another Record High
(DBN)

______________

PIIGS:

Why We Should Worry about Spain's Economic Pain
(DBN)

More And More Evidence That Spain Is The New Greece
(DBN)

Spain sounding out investment banks, property advisers on crisis options
(DBN)

Seán Quinn case before Belfast court
(DBN)

"Pre-Pack" Insolvency Sales
(DBN)

ie: Insolvency legislation to be in place by autumn
(DBN)

Greece's Venizelos says election could decide euro membership
(DBN)

______________

Germany:

German seasonally adjusted jobless rate rises in April
(DBN)

______________

China:

China's Manufacturing Continues to Grow
(DBN)

______________

Australia:

Australia cuts rates by more than forecast to 3.75%
(DBN)

______________

Iceland:

The High Cost of Iceland's Recovery
(DBN)

______________

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Copyright 2012