May 21, 2012

The Daily Bankruptcy News

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Law:

Dewey & LeBoeuf Readies Bankruptcy Filing ---Dewey London restructuring partner duo head for Proskauer --- Dewey Have Plans To File for Bankruptcy ? Sources Say Yes --- Dewey Reaches Dead-End: Lawyers and Lawyer Search Removed from Website --- Dewey: Profiles In Something --- Looks like zone of insolvency & that means work for other firms --- Did End of $3B Malpractice Case Feed Dewey's Money Woes?
(DBN)

Only The Rich Should Quit Their Job To Write A Novel
(DBN)

Mayer Brown, Cleary, Davis Polk, Dewey: Business of Law
(DBN)

Akin, Gump, Steptoe, Gibson Dunn: Business of Law
(DBN)

Bankruptcy Attorneys Join Adams and Reese Tampa Office
(DBN)

Freshfields to draw on 3,500 alumni for temp lawyer venture
(DBN)

Kirkland London chief confirms new role with firm set to name replacement
(DBN)

Norton Rose and Fulbright talk synergies amid US merger hunt
(DBN)

King & Wood Mallesons looks West for international expansion
(DBN)

Clifford Chance's fast-track exit strategy

Lawyers prepare for the fallout from JPMorgan's $2B loss.
(DBN)

Bank Blames Greenberg Traurig in High-Profile Contempt Case, Says Firm Had Access to All Documents
(DBN)

Solo Practices: Your competition is DIY, e.g. LegalZoom, not other law firms
(DBN)

Lawyer Loses License for 1 Year re Pacific Law Center Operation, Paid Clients $1M to End Ethics Case
(DBN)

Authorities Trace Mercedes Car Parts to San Francisco Lawyer, Charge Him in Fatal Hit-and-Run
(DBN)

Save A Lawyer
(DBN)

Law School Sales Pitch Doubles Down On The Getting Rich Rationale For Law School
(DBN)

Law School Transparency: The revolution will not be cite checked --- Taking candy from children --- Rutgers-Camden goes old school
(DBN)

Law schools developing in-house counsel classes to prep students for changing job market
(DBN)

LSAT Tutor Improperly Claimed He Got Three Perfect Scores; The Internet (And a Competitor)Get Very, Very Angry
(DBN)

Yes, They’re Incompetent And Yes They Just Got Promoted — Deal with It!
(DBN)

Texas Lawyer Allegedly Calls Opposing Counsel The C-Word, But Says It To Her Male Colleagues So He Thinks It’s Okay
(DBN)

Trayvon Martin’s Dad Told Police the Person Crying for Help on 911 Tapes Was Not His Son
(DBN)

2,000 Convicted, Then Exonerated
(DBN)

Police Raid Chicago Apartment, Seize Beer-Making Equipment
(DBN)

Firefighters' lawyer faces complaint - "rude, vulgar at bargaining table"
(DBN)

Cops, Courts Re-evaluate Their Use of Eyewitnesses
(DBN)

"The Good Wife" - Will plot lines become convoluted as with "Desperate Housewives"
(DBN)

Say What?!
(DBN)

______________

Judges:

Bankruptcy Court Calls
(DBN)

9th Circuit Takes Plush Maui Vacation At Taxpayer Expense, As Others Cut Back
(DBN)

Pennsylvania Supreme Court judge charged with corruption
(DBN)

Chief Justice Will Lead Lobbying Team --- Brown's Budget Plan May End Debate Over Trial Court Autonomy
(DBN)

Judge: Lawyer Not ‘Unjustifiably Abused, Belittled, Humiliated, Threatened, Undermined or Bullied’
(DBN)

This Sixth Circuit Judge Knows A Lot About Bourbon
(DBN)

Please Stop Trying to 'Friend' and 'Connect' With Fla. State Court Judges
(DBN)

Elephants, Donkeys And Judges
(DBN)

Anagrams With Supreme Court Justices’ Names
(DBN)

______________

Wall Street:

Stock futures signal bounce
(DBN)

Stocks Log Worst Week in 2012
(DBN)

Banking Burnouts Blow Away Myths of Wall Street Glamour
(DBN)

______________

Layoffs:

Unemployment falls in two thirds of US states
(DBN)

April job losses end CA's eight months of gains
(DBN)

Women’s work has come undone, as record numbers exit market
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

Defending An Innovative Use of the Bankruptcy Code
(DBN)

How to talk about the auto industry bailout in Michigan
(DBN)

Why Warren Buffett Is Buying GM Now
(DBN)

Pawlenty says Romney's stand on autos bailout should not hurt him
(DBN)

Automobiles: On course for collision
(DBN)

______________

Non-Profits:

State fair property to be sold at auction
(DBN)

______________

Food/Beverage:

Oklahoma City Group Buys Dippin' Dots For $12.7M
(DBN)

Judge backs Reddy Ice reorg plan
(DBN)

Future recovery rights at heart of PACA case
(DBN)

______________

Gambling:

Silver Legacy the latest gaming property to seek a fresh financial start
(DBN)

Kenneth Handal Takes the Legal Reins at the NY Racing Association
(DBN)

______________

Energy:

Dynegy directors sued by investor over plants’ transfer
(DBN)

______________

Corporate Reform:

JPMorgan losses highlight need for credit default swap regulation
(DBN)

Could Glass-Steagall Have Stopped JPMorgan Loss?
(DBN)

CFPB to hold prepaid hearing, may impose stricter oversight
(DBN)

Obama Pushes Wall Street Reform
(DBN)

______________

Derivatives:

Justice Department Probe of Credit Swaps Said to Widen
(DBN)

______________

Debt Collection:

Hollywood Video rises from grave to pursue late fees
(DBN)

______________

Shipping:

General Maritime Exits Chapter 11, Gets Oaktree Capital Infusion
(DBN)

______________

Economy:

Treasury Sells Inflation Notes at Record Low Negative Yield
(DBN)

Fed's Lockhart says circumstances not ripe for QE3
(DBN)

Fed Proves More Bullish Than Wall Street Forecasting U.S. Growth
(DBN)

World Leaders Urge Growth, Not Austerity
(DBN)

Wave of Consumer Spending Expected to Ebb
(DBN)

US Job Growth Seen Accelerating in 2012, 2013: NABE
(DBN)

The Next Debt Ceiling Fight Could Be As Big As Lehman, And Change The Way World Markets See America --- John Boehner, Mitch McConnell Refuse To Budge On Debt Positions --- Republicans doubling down on debt limit showdown strategy --- What Game Is John Boehner Playing?
(DBN)

Republicans Declare War On Accurate Economic Data
(DBN)

Debt Up $12,984 Per Household Since 2011 Spending Deal
(DBN)

Global leaders seek to calm crisis
(DBN)

Ryan to Obama: Stay away from bailouts --- Seeing Bailouts Through Rose-Colored Glasses
(DBN)

Goldman Identifies Which Economic Indicators Really Matter
(DBN)

Romney warns economy is on 'path of California'
(DBN)

Obama Sees Emerging Consensus on Economy
(DBN)

Heist of the century: Wall Street's role in the financial crisis
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Bank's no Ally for NY homeowners
(DBN)

Iowa AG defends robo-signing settlement
(DBN)

House approves broader foreclosure protections for military
(DBN)

Bipartisan bill seeks end to REO-to-rental pilot in California
(DBN)

Housing Lessons From The Los Angeles Market
(DBN)

It's A Far Better Time To Buy A House Than At Any Time In The Last 8 Years
(DBN)

MGIC Files Lawsuit Against Freddie Mac And FHFA
(DBN)

Housing markets recover faster in nonjudicial foreclosure states, report says
(DBN)

The Intriguing Real-Estate Sale at Capmark
(DBN)

Judge clears path for Rarity Pointe foreclosure
(DBN)

Mastro associate told to provide new financial papers
(DBN)

Dearth of affordable rentals cause for concern, housing experts say
(DBN)

CREL CDO Delinquencies Rise Slightly
(DBN)

____________

Agriculture:

Watchdog Asks To Stub Pot Grower's Bankruptcy
(DBN)

______________

Photography:

Bob Volpe resigns as leader of Kodak retiree group
(DBN)

______________

Politics:

Charge: Elizabeth Warren plagiarized 'Pow Wow Chow' recipes --- National Review's Elizabeth Warren Plagiarism Claim Quickly Debunked --- National Review Apologizes ---Paleface --- Will Fox News Correct Its False Report --- Todd Zywicki Jumps the Shark on his Elizabeth Warren Obsession
(DBN)

Is Elizabeth Warren Native American or What? --- A Little Bit Indian --- The lessons of Elizabeth Warren's 'Cherokee problem'
(DBN)

Elizabeth Warren says Americans are sick of big banks and their army of lobbyists --- Government Must Keep Banks Like J.P. Morgan Honest
(DBN)

Obama campaign attacks Mitt Romney for his role in Ampad paper company bankruptcy
(DBN)

______________

Banking:

Discord at Key JPMorgan Unit Is Faulted in Loss ---JPMorgan's whale in a fishpond --- Fiasco shows big-bank regulation isn't working
(DBN)

Report: JP Morgan's Trading Loss Could Hit $5 Billion
(DBN)

A look at Dimon in the rough
(DBN)

JPMorgan CIO Risk Chief Said to Have Trading-Loss History
(DBN)

How JPMorgan Lost $2 Billion Without Really Trying
(DBN)

What JP Morgan Chase Forgot About 2008
(DBN)

Alabama Trust Bank, N.A., Sylacauga, Alabama, Closed By Regulators
(DBN)

______________

MF Global:

Senator Suggests CFTC Chief Should Be Fired
(DBN)

MF $$ without a trace --- $1 Billion Vanished Into Brokerage, Court Told
(DBN)

JPMorgan Returned $168M to MF Global, Trustee Says
(DBN)

______________

Pensions:

Huesman says Fund is not a governmental unit
(DBN)

Fund says bankruptcy 'only way'
(DBN)

______________

Celebs:

Trove of African-American artifacts headed for sale
(DBN)

Young Buck Thrown Out From His Tennessee Mansion
(DBN)

______________

Municipalities:

Some for increased taxes in Stockton
(DBN)

Pressure mounts on cities to get donations from nonprofits
(DBN)

Jefferson County Can't Pay GO Bonds Without New Tax, Lawyer Says
(DBN)

Alabama Governor Stands Clear as Jefferson County's Cash Drains
(DBN)

RI's big bet on Curt Schilling raises questions --- Gov: Schilling's company made $1.1M payment to RI
(DBN)

______________

IP:

Kodak says Apple attempting to buy undervalued patents
(DBN)

______________

Fraud:

Galleon prosecutor aims to cement legacy in Gupta trial
(DBN)

"U.S. v Gupta" - Do lawyers, not evidence, win trials?
(DBN)

Gupta’s Davos-Worthy Billionaire Friends Back Him on Website Before Trial
(DBN)

Goldman Director's Defense: Someone Else Leaked All That Stuff
(DBN)

Factbox: Insider trading charges against Gupta
(DBN)

Risk of testifying could pay off for Rajat Gupta
(DBN)

Is Insider Trading Part of the Fabric?
(DBN)

Former President of Greenwich Trading Company Pleads Guilty to $7M Scheme
(DBN)

______________

New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (52 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:

Bankruptcy Week Ahead
(DBN)

Rochelle on Hostess-Teamsters, Kodak-Apple, ResCap-Ally: Audio
(DBN)

______________

Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Bankruptcy Poetry:

And the Winners of Rudy's Tickets Are...
(DBN)

______________

Claims Trading:

Purchaser of Trade Claims Takes Subject to Disallowance Based on Sellers' Failure to Repay Preference Liability
(DBN)

______________

Avoidance Actions:

11th Circuit: Companies headed to Chapter 11 can't put bank lenders first
(DBN)

Just When I Thought I Was Out . . . Eleventh Circuit Rules in TOUSA that Refinanced Lenders Can Be “Pulled Back In” and Held Liable if a Replacement Loan is a Fraudulent Transfer
(DBN)

______________

Mass Torts:

Owens Corning lawsuit survives bankruptcy
(DBN)

______________

Jurisdiction:

Stern v. Marshall: The Texas Cases
(DBN)

______________

Litigation:

The Fabric of Inadequate Search & Spoliation Allegations
(DBN)

Coping With Preservation and Proportionality in Legal Holds
(DBN)

______________

Insurance:

Banks Suing Over MBIA Restructuring Finish Opening Arguments
(DBN)

______________

Consultants:

NeJame Joins Oppenheimer as Head of Restructuring & Special Situations
(DBN)

______________

Media:

Tribune may exit at a good time, but with tax baggage
(DBN)

______________

Aviation:

Judge will rule on American's union contracts by June 22
(DBN)

TWU members won't get hit before other American Airlines employees
(DBN)

______________

Alternative Energy:

Vegas Train Loan Shouldn't Be Solyndra Victim, Chief Says
(DBN)

______________

Electricity:

Tepid power auction raises chances for a MidwestGen bankruptcy ‎
(DBN)

______________

Hockey:

Playoffs Lure Coyotes Buyer as Losses Force City to Fire Workers
(DBN)

______________

Tech:

SK hynix, GlobalFoundries in talks with Elpida bondholders
(DBN)

______________

Health Care:

5 Key Financial Ratios Healthcare Providers Should Track
(DBN)

Should hospitals risk going broke for Meaningful Use?
(DBN)

______________

Defaults:

Fitch:U.S. high yield default rate to top 2% in May;67% of missed payments lead to bankruptcy
(DBN)

______________

UK:

UK moves on cross-border insolvency
(DBN)

Seven Farepak directors face ban as High Court decides on hamper firm collapse
(DBN)

______________

EU:

Sovereign Bond Risk Rises in Europe, Credit-Default Swaps Show
(DBN)

Battle to save the euro moves to Camp David
(DBN)

Mighty Merkel may be the odd woman out
(DBN)

Euro Zone's Banks Are "In Tatters" Says UK Minister -Report
(DBN)

The ECB is about to make the biggest decision in its history
(DBN)

______________

PIIGS:

Ireland may need 2nd bailout --- Default fears grow as one-in-10 mortgage payments in arrears
(DBN)

What's next for Greece --- What happens next if Greece leaves the eurozone? --- A Greek Exit? Euro Zone May Be Ready --- Europe thinks the unthinkable --- Government Will Run Out Of Cash In A Few Weeks, Drawing Up Emergency Measures --- Greeks must choose on euro: UK's Cameron --- Tsipras on CNN: 'We are going directly to hell" --- G8 Makes Pledge to Keep Greece in Eurozone --- Birth of new Greek drachma would be pained, rushed --- The New Conventional Wisdom On Greece --- Greek Leftist to Europe Leaders: 'Let's Talk'
(DBN)

Spanish Bank Downgrades Trigger Surge in Default Swaps to Record --- Spain says no need for European funds to help banks; nationalized bank requires $9.6 billion
(DBN)

______________

China:

China pays high price to spare state firm from bankruptcy
(DBN)

______________

MENA:

AAOIFI completes Shari'ah bankruptcy standard
(DBN)

Al Hamli: "The hybrid [insolvency] law will be tailored for local circumstances"
(DBN)

High-flyers turn hunger strikers after Dubai desert dream ends in jail
(DBN)

______________

S. Korea:

S. Korea's corporate defaults grow in April
(DBN)

______________

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Copyright 2012