May 25, 2012

The Daily Bankruptcy News

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Law:

With Potential Bankruptcy Looming, Three Dewey Lenders Cash Out --- Dewey’s Martin Bienenstock: Partnership, Professionalism And What To Tell The Kids --- Can a Return to ‘Golden Era’ Values Prevent Your Firm from Becoming the Next Dewey? --- Dewey Have A Meme Contest Winner? Oh Yes We Do! (Plus some news updates.)
(DBN)

Law Firms Lose Ruling in Fight Over Coudert Brothers Bankruptcy
(DBN)

Freshfields tightens exit terms with six months' notice for partners --- Mulls female partnership targets in diversity push
(DBN)

Shearman, Dewey, Allen & Overy, Drinker: Business of Law
(DBN)

What Risks Do Lawyers Face When Clients Keep Some Legal Tasks In-House Or Assign to Outside Vendors?
(DBN)

Mixing Legal Staffing and Law Firm to Put In-House Lawyers to Work
(DBN)

Rules on Client Files Don’t Permit Attorney to Retain Opponents’ Protected Documents
(DBN)

Lawyers May Look at Sender’s Metadata but Can’t Use Program to Find Scrubbed Info
(DBN)

As Student Loan Defaults Rise, Is the Law School Bubble Bursting?
(DBN)

Law School Transparency: Client centered law schools
(DBN)

Law School Success Stories: The Virtue of Thrift
(DBN)

Ex-Bakers partner faces lengthy jail term
(DBN)

Lawyer-Turned-Teacher Says Desire for Family Time Explains Why More Men Go ‘Pink Collar’
(DBN)

Police Chief Enlisted 10 Officers To Find His Son's Stolen Phone
(DBN)

Judge Tosses Lawyer’s Suit Against Health Club for Changing Its Breakfast Menu
(DBN)

Man Who Ate A Fellow Greyhound Passenger Says He Feared Aliens
(DBN)

Man Pleads Guilty to Running Chihuahua From Moving Toyota
(DBN)

Unabomber Lists Eight Life Sentences as ‘Awards’ in Harvard Alumni Report
(DBN)

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Judges:

Indebted Federal Judge in California Files for Personal Bankruptcy
(DBN)

Bankruptcy Judge Venters plans to retire
(DBN)

San Francisco Court Workers Vote to Authorize Strike Over Contract
(DBN)

This Is Either the Best or Worst Judicial Campaign Ad Ever
(DBN)

Woman, dying and abandoned, on hook for two mortgages, Hathaway felt
(DBN)

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Wall Street:

U.S. Stock Futures Gain on Euro Optimism
(DBN)

Stocks Close Mixed Following Choppy Trading Day
(DBN)

Facebook lawsuits: Did all shareholders get same data in IPO? --- New Details: How Facebook And Morgan Stanley Decided The IPO Price --- Facebook's lucky friends? --- Morgan Stanley Is Holding A Firm-Wide Conference Call To Blame The Facebook IPO Scandal On... --- Average Facebook employee has lost $844K since IPO
(DBN)

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Layoffs:

Weekly US jobless aid applications dip to 370000
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Resorts:

Claremont Hotel & Spa hits the market for $80M
(DBN)

Hilton to be removed from Grand Wailea management
(DBN)

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Pensions:

Creditors committee not opposed to dismissal of Chapter 11 petition
(DBN)

Pension Bankruptcy in Tiny U.S. Territory Is a Warning of What May Lie Ahead
(DBN)

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Health Care:

AG files objection to Russo proposal
(DBN)

Bankruptcy trustee seeks $15 million plus from ex-hospital officials
(DBN)

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Hotels:

Roberts Cos.' Dallas hotel files for bankruptcy
(DBN)

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Fraud:

Juror Dismissed in Gupta Trial
(DBN)

Beware the Key Card, Gupta Trial to Show
(DBN)

The trial of Rajat Gupta
(DBN)

Second Circuit Upholds Dismissal of Claims Against Auditor in Madoff Ponzi Scheme
(DBN)

Guess how much Rothstein's 2nd deposition costs
(DBN)

Fraud Whistleblowers: Uncle Sam Wants You
(DBN)

SEC sanctions ex-staffer who represented Stanford Group
(DBN)

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Radio:

Fallout From Nassau Broadcasting Bankruptcy Sale
(DBN)

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Politics:

Romney's role revives tale of Cambridge Industries
(DBN)

Lemon-picking Bain Capital, Obama-style
(DBN)

GOP Bets on Austerity for Fall Victory
(DBN)

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Awards:

Arent Fox Partner Mette Kurth Named One of the Top Women Lawyers in California by Daily Journal
(DBN)

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Economy:

US jobless claims little changed last week --- How US states fared
(DBN)

Fed’s Dudley Doesn’t See Need for More Easing
(DBN)

Real federal deficit dwarfs official tally
(DBN)

US durable goods orders up 0.2 percent in April
(DBN)

Demand for U.S. Business Equipment Decreased in April
(DBN)

Kansas City Fed Reports Rebound in Region's Manufacturing
(DBN)

New Gauge Shows U.S. Factory Growth Slowing
(DBN)

Fans Of The US Manufacturing Renaissance Overlooking One Key Detail
(DBN)

America's Middle Class Tax Morality
(DBN)

The Global 20 - Big Trends That Are Changing The World
(DBN)

Peter Schiff: The Worst Has Yet To Come
(DBN)

Caught in the cycle of poverty
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Negative equity remains a drag on housing market --- More than 30% of mortgages underwater --- Problem More Widespread Than Previously Thought --- Underwater homeowners owe $1.2 trillion more than homes' worth --- Phoenix has second-highest rate of underwater homeowners --- Half of Metro Atlanta Mortgagees Underwater
(DBN)

Lawsuit challenges Ariz. use of settlement money --- Should States Be Chided for How They Use Their Mortgage Settlement Money?
(DBN)

Mortgage Rates for 30-Year US Loans Fall to a Record-Low 3.78%
(DBN)

Some foreclosed homes going for dirt-cheap prices
(DBN)

Federal RMBS fraud task force reaches out to whistleblowers
(DBN)

Another billion-dollar MBS lawsuit targets big banks
(DBN)

Commercial real estate price recovery slows
(DBN)

N.Y. Bill Seeks Early Certification of 'Merit' of Foreclosure Actions
(DBN)

UBS Sued in New York Over $331 Million in Losses on CDOs
(DBN)

Lehman Brothers Holdings to buy 26.5 per cent stake in Archstone for $1.58 billion
(DBN)

Supreme Court says families cannot sue company over loan discount fee
(DBN)

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Banking:

FDIC: Bank profits at highest level since 2007 --- Earnings Rose 23% on Lower Reserves
(DBN)

Breaking Up JP Morgan: Good for Everyone
(DBN)

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Celebs:

T-Boz, Honda: Car Company Sues Singer, May Repossess 2005 Vehicle
(DBN)

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Coal:

Does Patriot's Meltdown Signal 'Blood in the Streets' for Coal? --- Patriot Coal : Estimating Risk With The Altman Z-Score --- Patriot Coal Receives Financing Commitment From Citigroup, Others
(DBN)

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Alternative Energy:

U.S. Trustee Objects to Solyndra’s motion for more DIP funding
(DBN)

China Says U.S. Renewable Subsidies Violate Trade Rules
(DBN)

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Autos:

The Saga Continues: New Electric Car Company Wants to Bail Out Saab
(DBN)

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Aviation:

Judge denies APA request to speed up appeal
(DBN)

AMR hedge fund creditors organize to study merger
(DBN)

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Trucking:

Gunthers Transport Owner Files Bankruptcy Petition
(DBN)

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Municipalities:

Jefferson County bankruptcy milestone: 1000th court filing
(DBN)

Firefighters Lose as Rising Pensions Spur Broken Promises
(DBN)

Providence Ends $700,000 Pension Promise in Insolvency Fight
(DBN)

Harrisburg Receiver Quit Amid Concern He Would Be Fired
(DBN)

Detroit is shutting off nearly half of its streetlights to combat budget problems
(DBN)

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Corporate Reform:

Consumer Financial Agency Proposes New Nonbank Supervision Rules
(DBN)

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Food/Beverage:

Twinkies maker Hostess says talking with bidders, unions
(DBN)

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Lehman:

SEC unlikely to file charges in Lehman case-memo
(DBN)

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Waste:

This Bankruptcy Is Radioactive
(DBN)

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Personal Finance:

If Your Parents Can’t Pay Their Bills, You May Have To
(DBN)

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New Bankruptcy Opinions
(3 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (57 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (44 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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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

Rochelle on Dynegy, Houghton Mifflin (audio)
(DBN)

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Bankruptcy Reform:

Senator Chuck Grassley Introduces New Bankruptcy Law for Farmers
(DBN)

Whitehouse small-business bankruptcy bill advances
(DBN)

Let’s Get Ready to Rumble – FSOC Designates Systemically Important Financial Market Utilities and Adopts Procedures to Contest Designations; Non-Bank SIFI Designations to Follow
(DBN)

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Bankruptcy Poetry:

Fenway Park
(DBN)

September 2011
(DBN)

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Involuntray Bankruptcy:

Forced Into Bankruptcy: The Involuntary Bankruptcy Process
(DBN)

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Privilege:

Bankruptcy Attorneys Beware: You May Have To Reveal Confidential Client Information
(DBN)

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Avoidance Actions:

Court of Appeals Cautions Creditors to Exercise Due Diligence in Accepting Payoff from a Borrowerýs Affiliates
(DBN)

TOUSA Roller Coaster
(DBN)

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Insurance:

MBIA Tells Court Restructuring Protects All Policyholders
(DBN)

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Tax:

When a Swiss Bank Is on the Run
(DBN)

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UK:

British recession deepens as euro zone woes mount
(DBN)

Business insolvencies starting to rise again in 2012
(DBN)

Farepak bosses accused of being 'unfit' to run a company --- Nabarro and K&L among advisers as Farepak directors trial gets underway
(DBN)

Pre-packs: who benefits?
(DBN)

Rangers' administrators in firing line
(DBN)

HMRC loses football creditor rule court battle
(DBN)

______________

EU:

No Relief In Sight For Europe --- Eurozone economy 'in dire straits'
(DBN)

German Business Confidence Falls More Than Expected
(DBN)

Europe in limbo: Home and dry
(DBN)

Monti Says Most Leaders Pro Euro Bonds
(DBN)

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PIIGS:

Europe Makes Crisis Management Hostage to Volatile Greek Voters --- EU running out of time as Greece nears the exit --- Greek anti-bailout left has 4-point lead --- The costs of a Greek exit: Cutting up rough --- What a Return to the Drachma Really Looks Like --- Greek hospitals tighten payment rules - Pay now, or leave your baby here --- 90 Year Old Mother, And 60 Year Old Son Leap To Their Deaths Amid Financial Despair
(DBN)

Spain's New Ghost Towns --- Spanish regulator halts Bankia shares ahead of rescue details --- Spanish bank audits to get international scrutiny
(DBN)

______________

Canada:

Catalyst to sell assets, as restructure plan fails
(DBN)

______________

China:

Chinese manufacturing shows no signs of rebounding
(DBN)

China developers against the wall --- ‘Survival Of The Fittest’
(DBN)

World Bank Warns of China Slowdown
(DBN)

Another Scary Indication That China's Slowdown Is Real
(DBN)

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Hong Kong:

HK bankruptcy petitions down 13.4 pct in April vs March
(DBN)

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Sweden:

Moody's cuts its ratings on three Swedish banks
(DBN)

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Copyright 2012