May 3, 2012

The Daily Bankruptcy News

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Law:

Dewey Partners Said to Be Told to Send Bills, Forgo Pay --- Partners Rush To Get Paid --- Dewey Dish: Health Care to Return to the Firm, More --- Patton Boggs, SNR Denton could pick up parts of Dewey & LeBoeuf --- 5 more partners --- Dewey and LeBoeuf prepares to liquidate UK office --- UK: LawSoc set to replicate Halliwells rescue plan for Dewey trainees --- Dewey exodus spreads to Germany as partners prepare to quit --- Some Partners Had Pay Packages Worth $5M a Year --- Greatest Conflict Yet? --- Dewey Gives Partners Permission to Poach Associates --- Dewey Know Whom To Blame? Some Say ‘Steve’
(DBN)

Confirmation That Quinn Emanuel’s Spring Bonuses Will Be Much Better Than Sullivan & Cromwell’s
(DBN)

Shearman & Sterling, Goodwin Procter, Skadden: Business of Law
(DBN)

America's top law firms
(DBN)

Yale Picks Top Ten Family-Friendly Firms
(DBN)

Bar exam results good news for 44 percent
(DBN)

Shearman & Sterling elects new leaders
(DBN)

Chesapeake Energy GC and CEO Face Problems With Board, Shareholders
(DBN)

11 malpractice suits filed against Ruden McClosky
(DBN)

Claiming Minority Status for a Leg Up
(DBN)

Don’t Give It Away: Value Doesn’t Mean Cheap or Free
(DBN)

Greetings Texas Firms – From Axiom
(DBN)

Lawyer Fined $2,500 by FINRA re Claimed Moonlighting on $200 Legal Matter While Working at Brokerage
(DBN)

SEC Mulls Possible Enforcement Against In-House and Outside Lawyers Who Defend Clients Aggressively
(DBN)

Hastings Law School Dean Wants to ‘Reboot’ Legal Education --- The Hastings Gambit
(DBN)

NYU Plays ‘Hide the Ball’ With Employment Data
(DBN)

You Can Take Our Lives, But You’ll Never Take Our Ping Pong
(DBN)

New York Forces Pro Bono Requirements Upon Would-Be Lawyers Because No One Else Cares About Poor People --- Clueless baby boomer judge orders poor lawyers to subsidize rich ones
(DBN)

Lawyer of the Day: Criminal Defense Attorney Has No Problem Shooting At Criminals
(DBN)

Battle of the Lawyer Bands Contest
(DBN)

Missing parakeet returned home after telling police his address
(DBN)

Mom Is Charged with Endangerment for Child’s Sunburn, Allegedly Acquired in a Tanning Booth
(DBN)

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Judges:

Supreme Court justice urges civility in legal talk
(DBN)

Judge Responds to ‘Shocking’ Challenge of Gay Juror by Dismissing Entire Panel
(DBN)

Federal Courts Making No Progress on Law Clerk Diversity
(DBN)

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Wall Street:

Stock Futures Rise Ahead of Jobless Claims, Services Data
(DBN)

Bethany McLean on Goldman Sach's Culture
(DBN)

The Most Respected People On Wall Street
(DBN)

15 Stocks That Traders Are Shorting Like Crazy
(DBN)

"Leaving Wall Street" - How one woman left the "cynical" world of banking for the Occupy movement
(DBN)

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Layoffs:

Job growth at private companies slowed in April
(DBN)

U.S. Job Creation Nears Four-Year High
(DBN)

Summer jobs for 16 to 24-year-olds are at their lowest level since at least 1948
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Sporting Goods:

Prince Sports lobbed into bankruptcy court as famed racquet maker seeks debt exit
(DBN)

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Hotels:

Clarion files for bankruptcy
(DBN)

______________

Tech:

Elpida bondholders threaten to thwart auction
(DBN)

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Debt Collection:

Bill Bartmann Double Faults on Debt Collectors
(DBN)

______________

Politics:

Was it right for Elizabeth Warren to identify as a minority? Will voters care? --- Is Elizabeth Warren a Native American? --- Elizabeth Warren's campaign says it found Cherokee tie --- Elizabeth Warren's Teachable Moment --- It's "just silly" --- Elizabeth Warren: A Native American Now and Then --- Why Harvard Law Took Elizabeth Warren
(DBN)

Brown, Warren Both Produce Commercials Using...Obama?
(DBN)

Newt Ginrgich defiantly refusing to pay bills as creditors fume
(DBN)

After Primary Losses, Legacies of Debt and Strained Reputations
(DBN)

Growing Gap in the Public's Views Of Federal, State Governments
(DBN)

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Religion:

18 more plaintiffs join sex abuse lawsuit against Helena diocese
(DBN)

Irish cardinal won't quit over abuse cover-up row
(DBN)

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Health Care:

Sale of Cheboygan Memorial Hospital set to close
(DBN)

Study: More heart surgery centers mean more unnecessary heart surgery
(DBN)

100 charged in Medicare fraud busts in 7 cities
(DBN)

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Oil/Gas:

What Happens When Oil is Unaffordable?
(DBN)

Study: Fracking Fluids Will Migrate to Aquifers
(DBN)

In Latest Sign of Trouble, Chesapeake Energy Hires Lehman Spin Doctor
(DBN)

Chesapeake's Biggest Holder May Seek Third-Party Involvement
(DBN)

Inside Chesapeake, CEO ran $200 million hedge fund --- What analysts asked about the explosive new allegations on the Chesapeake conference call
(DBN)

Chesapeake's McClendon 'Deeply Sorry,' Promises Debt Focus
(DBN)

10 Hedge Funds Losing Big On Chesapeake Energy
(DBN)

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Coal:

Fitch Ratings Downgrades Arch Coal On Soft Demand, High Debt
(DBN)

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Consultants:

With default rates down, firms vie for space in middle market restructurings
(DBN)

______________

Mass Torts:

Extent of Non-Debtor Parent Exposure Under Channeling Injunctions
(DBN)

Calif. court affirms asbestos punitive award, calls company 'reprehensible'
(DBN)

James Hardie Misled Investors on Asbestos Fund, Court Rules
(DBN)

BP Oil Spill Judge Tentatively Approves $7.8 Billion Pact
(DBN)

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Economy:

Jobs data may reveal if recovery is a mirage --- Lies, Damned Lies and Government Jobs Data
(DBN)

ADP Says Companies in US Add Fewest Workers in Seven Months
(DBN)

New orders for factory-made goods see steepest drop in three years
(DBN)

U.S. Economic Confidence Steady in April at Four-Year High
(DBN)

Lacker Says More Fed Easing Could Raise Prices --- Inflation Isn't The Point Of Monetary Easing
(DBN)

Recession Recovery Blues
(DBN)

Gross Warns of US Credit Downgrade
(DBN)

Startups make up a smaller share of US businesses
(DBN)

Boomers Money Troubles Worse Than Thought
(DBN)

More Economists Call for Higher US Inflation
(DBN)

As The Richest Americans Get Richer, The Rest Are Drowning In Debt --- Former Bain honcho says economic inequality is OK
(DBN)

What happens when U.S. consumers can't refinance anymore?
(DBN)

What You Missed From Excellent Frontline Documentary On The Financial Crisis
(DBN)

How the 1% think about their wealth
(DBN)

How The Richest American Ever Learned To Spin The Press
(DBN)

Dear Class Of 2012: Some Of Your Worst Days Lie Ahead
(DBN)

Krugman: Rich guy says we should be grateful for his wealth
(DBN - NY Times - Paywall Limit Possible)

A quarter of millennials done have the income to cover the costs of basic needs
(DBN)

Why the rich are lining up to renounce their U.S. citizenship
(DBN)

Jim Rogers: Next Slowdown Will be Worse
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Annual rate of residential property foreclosures in the US is falling --- Flood of Foreclosures Still Fails to Materialize
(DBN)

LPS' Mortgage Monitor Report: Foreclosure Sales Lowest Since December 2010; Foreclosure Inventory Remains Near Historic Highs
(DBN)

Equifax: March home finance delinquencies at three-year low
(DBN)

Calls for mortgage assistance get louder in Washington
(DBN)

Fannie Mae, Freddie Mac to adopt new short-sale rules
(DBN)

High Price of Foreclosure : Your Marriage
(DBN)

In Employment Dispute, Judge Rules Fannie Mae Is Not a Federal Actor
(DBN)

Wells Fargo Share of U.S. Mortgages Tops 33%: Report
(DBN)

DeMarco And House Democrats Feud On Principal Reductions --- Fannie Mae 'Internally” Hailed Principal Reductions: Lawmakers
(DBN)

The Foreclosure From Hell
(DBN)

BofA Fights Bid for Loan Files in $8.5 Billion Mortgage Deal
(DBN)

Homeowners Association Sues Returning Army Vet Over Backyard Swing Set
(DBN)

Mortgage Fraud Family Headed to Federal Prison
(DBN)

First National Center gets nod to end bankruptcy
(DBN)

CMBS April delinquency rate nearly breaks record --- Office Loans Jacking Up CMBS Defaults
(DBN)

Your latest highly levered, possibly Too Big To Fail nonbank entity: Mortgage REITs
(DBN)

_____________

Aviation:

APA launches petition drive to express ‘no-confidence’ in American Airlines business plan
(DBN)

TWU outlines a better bad proposal from American Airlines --- TWU president: It’s time to vote
(DBN)

The departure of Jeff Brundage
(DBN)

Hey, Boss: I’m cheaper than an American Airlines consultant
(DBN)

Analyst: AMR may have sensed bankruptcy court is attracted to US Airways plan
(DBN)

Leaked Email Exposes Direct Air Refund Disaster
(DBN)

Report: Hawker Beechcraft close to filing Chapter 11 bankruptcy
(DBN)

A $100 baggage fee? Spirit Airlines to hike costs for carry-ons this fall
(DBN)

Lufthansa to cut 3,500 jobs
(DBN)

Danish airline Cimber Sterling files for bankruptcy
(DBN)

Struggling ex-Yugoslav airlines urged to join up
(DBN)

Flying Between Smaller Cities Is Becoming a Marathon Sport
(DBN)

______________

Retailing:

General Growth FFO drops sharply on Chapter 11-related costs ‎
(DBN)

Eddie Lampert: This Is A Very Difficult Time To Be Investing In Retail --- Sears counting on loyalty, innovations to rebuild brand
(DBN)

Fuller Brush Man's Future Still Uncertain Amid Bankruptcy
(DBN)

JCPenney Employee: 'I Fear We Are Turning Into Sears, The Laughing Stock Of Retail'
(DBN)

______________

Autos:

GM Needs Europe Fix as Opel Losses Undercut U.S. Recovery
(DBN)

Ex-Car Czar: Too Soon for US to Sell GM Stock
(DBN)

Will Mitt Romney claim he has been POTUS?
(DBN)

Chrysler skips summer shutdown to meet demand
(DBN)

Was Treasury's GM Bankruptcy Ally Rewarded by Energy Department?
(DBN)

______________

Convenience Stores:

Getty Realty Corp. Repossesses 788 Properties
(DBN)

______________

Photography:

Barriers to Change: The Real Reason Behind the Kodak Downfall
(DBN)

______________

Mail:

Fate of Postal Service awaits action in House
(DBN)

______________

Credit/Debit Cards:

Debit Interchange Post-Durbin: Some Early Numbers
(DBN)

______________

Banking:

Dallas Fed Says “Too Big To Fail Banks” Should Be Broken Up – Future “Severe Crises” Possible
(DBN)

Banks Stocks Remain Under Dark Cloud
(DBN)

Security Bank ‘critically undercapitalized’ after loss
(DBN)

Is Wells Fargo a Lehman in the Making?
(DBN)

______________

Celebs:

Octomom Files for Bankruptcy , Because Our Bankruptcy Laws Are Great --- So What Happens To The Kids?
(DBN)

‘Troubleshooter’ Martino loses suit against bankruptcy trustee
(DBN)

A Broke Rapper, A Mystery Donor And An Empty House
(DBN)

______________

Lehman:

The multimillionaire men of Lehman
(DBN)

Lehman emails, just before collapse: "Bros not for sale on the cheap!!!!" --- Dick Fuld: "The Bros Always Wins"
(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 (9 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 Madoff, MF Global, Hunter Sailboats (audio)
(DBN)

______________

Bankruptcy Statistics:

Hawaii Bankruptcy Filings Sustain Drop-Off in April
(DBN)

Bankruptcies Dip in Broward, Hold Steady in Palm Beach County
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Jurisdiction:

Contract Claims Not Necessarily an Ace for Parties Challenging Bankruptcy Court Jurisdiction Under Stern
(DBN)

______________

Litigation:

Three Things You’re Doing in Court that Make You Look Bad
(DBN)

Does Predictive Coding Spell Doom for Entry-Level Associates?
(DBN)

______________

Health and Beauty:

Sonya Dakar’s Famed Hollywood Spa Enters Chapter 11
(DBN)

______________

Municipalities:

Jeffco creditor makes another attempt at sewer rate hike
(DBN)

Bankrupt Alabama county cuts more workers
(DBN)

Providence police, fire retirees say they offered pension cuts
(DBN)

Providence Would be Devastated if Courts Block Pension Reform
(DBN)

Detroit unions weigh strike option as layoffs loom
(DBN)

Troy faces cash shortfall, names interim manager
(DBN)

Former small-town city official stole more than $53 million from city
(DBN)

Stockton Citizens Frustrated With City's Deficit
(DBN)

Nearly bankrupt Stockton leads state in job growth
(DBN)

Driving Through The Wasteland Of Gary, Indiana
(DBN)

Altoona: Distress is city’s only choice --- Act 47 decision coming
(DBN)

CEOs: California worst state for business
(DBN)

Q1 Sees Most Downgraded Muni Debt Since 2009
(DBN)

Dubrow Challenges Widely Held Assumptions About Muni Bankruptcies
(DBN)

______________

Corporate Reform:

SEC fraud lawsuit vs Morgan Keegan revived
(DBN)

______________

Radio:

FCC wants $225,000 set aside for not-yet-assessed post-petition indecency fine --- The Motion
(DBN)

_____________

Corporate Governance:

Is your startup failing? Here’s how to exit gracefully
(DBN)

From Wal-Mart Governance To The Psychology Of Fraud
(DBN)

Board Shuffling At Chesapeake, Groupon Puts Spotlight On Corporate Governance
(DBN)

______________

Entertainment:

Cinram Secures Another Loan Waiver Amid Restructuring
(DBN)

______________

Fraud:

Ninth person indicted in Rothstein Ponzi scheme
(DBN)

Gibraltar bank revises 2011 loss deeper after Rothstein settlement
(DBN)

Goldman Sachs Finds More Unwanted Publicity in Gupta Case
(DBN)

Government Forfeiture Beats Creditor Claim in Petters Ponzi Scheme
(DBN)

Rochelle: Customer Appeals Preventing Madoff Trustee Distributions
(DBN)

______________

Hedge Funds:

Young Billionaire Hedge Fund Legend John Arnold Is Retiring --- The King Of Natural Gas Quits
(DBN)

______________

Sovereigns:

Argentina bondholders: Let U.S. courts police sovereign debt deals
(DBN)

______________

Cross-Border:

When Insolvency Cases Are Global
(DBN)

______________

UK:

2012 will see the lowest levels of personal insolvencies since 2005 predicts RSM Tenon
(DBN)

______________

EU:

Grand Plan to Save Europe is Unraveling
(DBN)

Europe Debacle Is Full of Lessons, but Which Are True?
(DBN)

Eurozone unemployment adds to gloom ahead of polls
(DBN)

Stiglitz: The Euro Could Dissolve
(DBN)

May Day Protesters Take Aim at Austerity
(DBN)

Very few things are more implausible than the euro zone
(DBN)

In Battle Against Crisis, ECB Running Out of Weapons
(DBN)

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

ECB May Soften Stance as Draghi's Recovery Falters
(DBN)

Is Europe's Weakness Finally Reaching Germany?
(DBN)

______________

PIIGS:

Valencian towns on verge of bankruptcy
(DBN)

Sub debt losses loom as Spain plans bank cleanup
(DBN)

Spain PMI Falls to 43.5, New Orders Falling
(DBN)

Spanish borrowing costs jump at strongly bid bond sale
(DBN)

Spanish Youth Urged To Seek Work Abroad
(DBN)

Madness in Spain Lingers as Ireland Recovers
(DBN)

S&P upgrades Greece from default status
(DBN)

Why You Should Be Worried About This Weekend's Greek Election
(DBN)

George Papandreou: ‘Greece Was a Lab Rat, an Experiment’
(DBN)

Venizelos Says Greece May Be Pushed Out of Eurozone
(DBN)

Good fences? Cross-border bankruptcy law and Ireland’s “other” debt crisis
(DBN)

______________

Japan:

Fitch: TEPCO restructuring should limit near-term bank impact
(DBN)

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Copyright 2012