May 22, 2012

The Daily Bankruptcy News

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Law:

Dewey Settled Malpractice Suit in February; Insurance Regulators Initially Sought $3B ---Dewey Partners Get Any Capital Back? Good Luck With That! --- King & Spalding, Cooley Scoop Up Dewey Attorneys in D.C. --- Proskauer recruits one of Dewey's last rainmakers --- Ex-Dewey Partners to Hire Lawyers for Possible Claims --- Departures leave Dewey a shell of its former self
(DBN)

Howrey Bankruptcy Claims Another Victim: Former Partner's "Dream" Home
(DBN)

Greenberg Traurig and the TD Bank To-Do: What Happened at the Contempt Hearing? --- Firm apologizes, admits mistakes
(DBN)

Jefferies Group hires ex-GTM restructuring partner Norley
(DBN)

Dewey, Cooley, Proskauer, Davis Polk, Morrison: Business of Law
(DBN)

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

Saul Ewing Strengthens Bankruptcy Practice
(DBN)

SJ Berwin and Mayer Brown in talks over £900m tie-up
(DBN)

Crossing The In-House Rubicon And Law Firm Stupidity
(DBN)

The Boss's Wife
(DBN)

Ex-Baker & McKenzie Lawyer Pleads Guilty in Client Theft
(DBN)

Which is Worse: NFL Concussions or Writing Motions for Partners?
(DBN)

Should Lawyers Use the iPhone 4S for Dictation?
(DBN)

Competitive Intelligence in Law Firms – Misguided or Masterwork?
(DBN)

The Practice: The Mid-Representation Conversation
(DBN)

Asperger Syndrome prompts court to forgive former law student's debt
(DBN)

Mass. Bar Task Force: Legal Education Could Take a Page from Medical Education’s Book --- Law School - A Reflection
(DBN)

Law schools must prepare graduates for all the options
(DBN)

Quote of the Day: Now I Ain’t Sayin’ She a Gold Digger…
(DBN)

Economy A Backdrop To Law School Commencements
(DBN)

Meet Andrew Ness, Who Lost His Capital Contributions at Three Failed Law Firms --- When Law Firms Fail, Partners Feel Squeeze
(DBN)

Former Rutgers Student Gets 30 Days for Webcam Spying on Roommate
(DBN)

Law School Transparency: Going under the knife --- Update on Rutgers-Camden
(DBN)

How Mark Zuckerberg’s Well-Timed Marriage May Protect His Assets in the Event of Divorce
(DBN)

Law License Plates: ‘I Object, Yo Honor!’
(DBN)

Two Attorneys Disqualified After Scheduling Depositions at Dunkin’ Donuts
(DBN)

Expert Hired by Newspaper Says Cry on 911 Tape Is Trayvon Martin Pleading for His Life
(DBN)

Facebook Now Mentioned in More Than One-Third of Divorces
(DBN)

Supreme Court: In Vitro Twins Conceived After Dad’s Death Are Not Entitled to Survivor Benefit
(DBN)

Exoneration Report Casts New Light on Extent of Wrongful Convictions
(DBN)

Florida Jurors Banned From Using Social Media to Discuss Criminal Cases
(DBN)

Feds threaten to disrupt summer concerts to seize guitars
(DBN)

America has 5% of the world's population and 25% of the world's prison inmates
(DBN)

Civil Asset Forfeiture and the ‘Piratical’ State
(DBN)

Cops: Man Robs Hardware Store With 2-Year-Old Grandson In His Arms
(DBN)

Man arrested in Vegas for pepper-spraying blackjack table, stealing chips
(DBN)

Say What?!
(DBN)

______________

Judges:

Senators Sessions and Grassley Question Decision to Hold 9th Circuit Conference in Maui
(DBN)

N--- photo judge's bid to move inquiry dismissed
(DBN)

Judicial Ethics: Photo Finish
(DBN)

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Wall Street:

World stocks rise on Europe, China growth hopes
(DBN)

Facebook Falls Below Its IPO Price
(DBN)

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Layoffs:

End of Extended Benefits May Lower U.S. Jobless Rate
(DBN)

Youth joblessness near crisis peak: ILO
(DBN)

Why Silicon Valley is relatively bad at creating jobs
(DBN)

No pay settlement for Adams Produce workers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Oil/Gas:

Chesapeake shares up after company vows to cut pay
(DBN)

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Retailing:

Lowe's slumps on sales miss, tepid outlook
(DBN)

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Celebs:

Young Buck Evicted from Mansion in Bankruptcy Sale
(DBN)

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Shoes:

DVS Files For Bankruptcy
(DBN)

______________

Municipalities:

Pennsylvania capital's ex-receiver to appear in court
(DBN)

Record number of school districts in CA face bankruptcy
(DBN)

PA schools in dire financial straits
(DBN)

Credit Rating Agencies: Is LA Insolvent ?
(DBN)

Sullivan Commissioners accused of bringing county to borderline bankruptcy
(DBN)

Stockton bankruptcy mediation extended --- Extended another 30 days
(DBN)

US Cities Wrestle with Universities for Cash
(DBN)

______________

Economy:

OECD sees euro crisis threatening world recovery
(DBN)

Greece: Top 3 risks facing U.S.
(DBN)

US Debt Clock
(DBN)

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Real Estate:

FDIC sues big banks over mortgage debt losses
(DBN)

Federal judge rejects part of IndyMac fraud case
(DBN)

Principal Reductions Won't Solve the Mortgage Mess | Brookings Institution
(DBN)

LPS: Mortgage delinquencies in April increase for the first time in 9 mos.
(DBN)

Only in NYC: A $90-million penthouse and a $1-million parking spot
(DBN)

Court hears of problems at Carter's Grove mansion - Judge: "I think the court was lied to"
(DBN)

As Predicted, Ally Bankruptcy Will Delay Loan Modifications
(DBN)

Wrangle Over $76 Billion in Mortgage Insurance
(DBN)

L.A. Appraiser Accused of Cutting Home Values $172 Million
(DBN)

Madison 92nd Street wins confirmation
(DBN)

____________

Banking:

JPMorgan halts buybacks while maintaining payout, Dimon says
(DBN)

JPMorgan loss set to alter regulatory focus
(DBN)

JPMorgan's fight against hedging restriction: Kemp
(DBN)

Thou All-destroying But Unconquering Whale
(DBN)

Dimon: Losing trades were 'isolated event'
(DBN)

$500mn JP Morgan D&O program to escape trading losses
(DBN)

CFTC investigating JP Morgan's trades
(DBN)

______________

Fraud:

Rajat Gupta, Corporate Wise Man, Set for Trial in Insider Case --- Trial of ex-P&G, Goldman board member starts in NY, jury seated --- Flurry of arguments ---Opening Salvos Fired --- Gupta 'Threw Away His Duties,' Prosecutor Says in Opening --- Gupta Trial Opens With Jury Adviser, Proud New Grandpa on Defense Team --- Gupta Portrayed as Up-by-Bootstraps Guy --- Twin portrayals
(DBN)

_____________

Publishing:

Houghton Mifflin files Chapter 11 bankruptcy --- A textbook case of bad timing --- Fitch cuts --- Petition
(DBN)

______________

Politics:

Bain Capital: Ampad Bankruptcy Wasn't Our Fault --- Bain Capital took $20 profit for every dollar invested in Ampad. Creditors got $0.002.
(DBN)

Gingrich's private ventures are going bankrupt
(DBN)

______________

MF Global:

MF Global Granted Corzine $5.4 Million in Stock Options --- Last year paid Corzine $8.5 million in salary, stock options
(DBN)

______________

Health Care:

Restructuring or Turning Around a Hospital: It Doesn’t Mean Bankruptcy
(DBN)

Contour Med Files Chapter 11 Bankruptcy
(DBN)

Allcare Dental owner surrenders his NH license
(DBN)

Bankruptcy ‘option’ for Sadler Clinic
(DBN)

______________

IP:

Kodak loses preliminary patent ITC ruling
(DBN)

______________

Autos:

Future of German Opel plant uncertain after 2014
(DBN)

______________

Pensions:

US Trustee opposes hiring of Huesman as Fund special counsel
(DBN)

Administration negotiating 10-year buyback with Social Security
(DBN)

______________

Asset Protection:

5 Ways Rich and Famous Can Hide Assets
(DBN)

______________

Orchestras:

Kimmel, orchestra agree on rent reduction
(DBN)

______________

Radio:

Back to court for the “continued auction” of 30 Nassau stations
(DBN)

______________

Food/Beverage:

Adams Produce workers strike out at back-pay hearing
(DBN)

______________

Hotels:

Alex Hotel, Flatotel Owners File for Chapter 11 Bankruptcy in Manhattan
(DBN)

______________

Debt Collection:

Fair Debt Collection Reform Bill Re-Introduced by Barney Frank
(DBN)

Hospital Debt Collection A Symptom Of A Sick Health Care System
(DBN)

Monetizing Misery: Startling Abuses in Debt Collections
(DBN)

______________

Student Debt:

Happy Graduation! Here’s The Best, Most Depressing Journalism on Student Debt
(DBN)

Five proposals to solve $1 trillion college loan crisis
(DBN)

22 and bankrupt ? Student loan debt taking its toll
(DBN)

______________

Tech:

Investors Pummel Facebook --- 'There's No Bottom'
(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 (54 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (33 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)

______________

Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

______________

Plan Confirmation:

Supreme Court set to weigh in on cramdown debate
(DBN)

Does the presence of guarantees justify separate classification of a lender’s deficiency claim in a Chapter 11 case?
(DBN)

Competing Plans in Bankruptcy
(DBN)

______________

Avoidance Actions:

Weathering the storm: TOUSA lives: Eleventh Circuit reinstates bankruptcy court fraudulent transfer decision in TOUSA case
(DBN)

______________

Insurance:

Judge should rule MBIA split was rational, NY says
(DBN)

In MBIA regulatory case, banks want to change standard of review
(DBN)

______________

Corporate Reform:

Regulator spurred in push for swaps rules
(DBN)

Consumers May See New Limits on Mandatory Arbitration
(DBN)

______________

Personal Bankruptcy:

As fees escalate, more people are finding they can not seek bankruptcy protection
(DBN)

______________

Aviation:

Forced to Fly Solo, Even on Family Vacations
(DBN)

AMR Bondholders Said to Organize in Bid for Bigger Returns --- AMR Debtholders to Push American, US Airways on Plans --- Hire advisers to study airline's plan, merger
(DBN)

Unions finish their testimony Monday afternoon --- American Airlines announces lineup for rebuttal
(DBN)

This should be the last week in the American Airlines hearings to reject union contracts
(DBN)

Judge makes clear: 2003 is not relevant in bankruptcy case
(DBN)

Court OKs AMR payments for new aircraft
(DBN)

Analysts See US Airways Merger As American's Next Step
(DBN)

Buffalo crash defendants want continued discovery despite bankruptcy filings
(DBN)

Spanish investor acquires bankrupt Mexicana, may relaunch in June
(DBN)

Air France-KLM 'to cut 5,000 jobs'
(DBN)

Swedish airline Skyways files for bankruptcy
(DBN)

_____________

Trucking:

Gunthers Transport owner files for Chapter 11 bankruptcy
(DBN)

______________

Telecoms:

LightSquared Lender Group Owns $1.1 Billion in Unit Debt
(DBN)

Carriers Fear Nokia Could Go Bankrupt
(DBN)

Hawaii Court Confirms Hawaii Pacific Teleport's Reorganization Plan
(DBN)

______________

Mass Torts:

The buried landmine that could explode BP's $7.8 bln Gulf spill deal
(DBN)

______________

Enron:

Jailed Enron Ex-CEO Skilling Seeks Retrial on ‘New Evidence,’ Lawyer Says
(DBN)

______________

Derivatives:

CFTC Swap Clearing May Target JPMorgan-Type Contracts First, Gensler Says
(DBN)

______________

Risk:

Sovereign, Corporate Bond Risk Falls, Credit-Default Swaps Show
(DBN)

______________

Non-Profits:

Lender, trustee deal will allow sale of State Fair in one piece
(DBN)

______________

EU:

The anatomy of the eurzone's slow-motion bank run
(DBN)

______________

PIIGS:

Greek banks to be recapitalized by Friday - banker
(DBN)

______________

Canada:

Québec Court: DIP Lender Has Priority over Pension Plan Deficit
(DBN)

______________

Japan:

Japan debt rating cut by Fitch, outlook negative
(DBN)

______________

Poland:

PBG Jumps as Creditors Withdraw Motions for Dromost Bankruptcy
(DBN)

______________

Australia:

ASIC defends oversight record on liquidators
(DBN)

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Copyright 2012