May 30, 2012

The Daily Bankruptcy News

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Law:

Dewey and LeBoeuf Bankruptcy Tells Lawyers: Change or Die --- Judge Rejects Dewey Request to Tap Cash To Fund Ongoing Operations --- Dewey lawyers pay for being partners in name only --- Dewey close to deal with ex-partners --- The end of an era: Why Dewey & LeBoeuf went under --- Dewey Hopes to Resolve Bankruptcy Quickly --- Lessons for law firms from Dewey & LeBoeuf bankruptcy ---Dewey and LeBoeuf Bankruptcy A One-Off, But Still... --- More Complex than Greed --- Lists More than $300M in Debt --- Dewey's Stack of Bills --- Dewey & LeBoeuf to wind down via Ch. 11 --- 'The Largest Law Firm Collapse in United States History' --- Dewey Probing Massive Pay Packages It Handed Star Lawyers --- Former Dewey Partner Says 'Leverage is Dangerous' ---Fallout from Dewey collapse hits clients --- Westlaw, Lexis, CCH Feels the Pain of a Dewey Bankruptcy --- How Dewey Is Like Lehman --- AdamsGrayson, Property Group Partners hope for something out of Dewey & LeBoeuf wreckage --- Cushman & Wakefield to market Dewey & LeBoeuf's DC space --- Dewey UK administration sees 96 London layoffs with core team of 12 kept on --- Are Dewey's Problems Unique? --- Dewey's Lobbying Team Packs It In --- Should Small Firms Include Dewey’s Demise In Their Newsletters? --- Just-in-time Workforce: Could that have saved Dewey & LeBoeuf?
(DBN)

Supreme Court rules in credit bid bankruptcy case --- MoFo Wins Credit Bidding Case --- Supreme Court Confirms that Credit Bidding is Alive and Well
(DBN)

The Law Firm Business Model Is Dying --- Some thoughts on reasonable attorney fees
(DBN)

Jones Day, Fried Frank, Paul Weiss: Business of Law
(DBN)

Sears General Counsel Relishes Lack of Predictability
(DBN)

Federal Judge Notifies Robbins Geller Partners of Sanctions to Come Over Expense Claims
(DBN)

Ex-Hogan Lovells partner jailed for three years over £1.27m fraud
(DBN)

DLA Piper-Backed Fixed-Fee Legal Services Business to Launch U.S. Office --- Riverview Law makes international move with New York launch
(DBN)

Do Your Referral Sources Get It?
(DBN)

David S. Musgrave Joins Gordon Feinblatt
(DBN)

Prosecutors, Zimmerman's Lawyers Fight To Block Key Evidence From Reaching The Public
(DBN)

20 Famous People With Law Degrees
(DBN)

Top NH Lawmaker Resigns—Twice—After Law Firm Partner Questions Law School Internship Hours
(DBN)

Legal beagle seeing-eye dog helps law student get her degree
(DBN)

Tips for Summer Associates on Getting an Offer
(DBN)

Several Texas Firms Resume Suspended Summer Associate Programs
(DBN)

Law School Transparency: Special Snowflake Syndrome and the spirit of capitalism
(DBN)

Panel Ponders: Does State Agency Have Power to Lift Lawyer’s License for Unpaid Child Support?
(DBN)

Reality TV Law School Hottie Has Got a Workout Plan for You
(DBN)

This Lawyer Was Literally on Top of the World
(DBN)

Youngest-Ever Spelling Bee Contestant Out-Argues Her Trial Lawyer Father
(DBN)

Man Chews Off Another Man's Face In Miami --- Cannibal Believed To Have Been High On “Bath Salts” --- Photos Leak of "Zombie" Attack
(DBN)

High Performing Truant Ruined By America
(DBN)

Taco Madness:Good Reason to Kill: Canceled His Taco Order --- Man drives truck into Taco Bell to protest missing taco
(DBN)

Tips on Wearing the Clothes You Just Stole from Next Door
(DBN)

Couple Accused of Murder Talked About Ditching Corpse on Facebook Chat
(DBN)

Drunk College Student Shot After Walking Into Wrong Mansion
(DBN)

330 Schoolgirls And Teachers Poisoned In One Month in Afghanistan
(DBN)

Not a smart move
(DBN)

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Judges:

Rowdy Defendant Curses Judge, Fights Deputies
(DBN)

Summer Comes to One First Street
(DBN)

Grassley as a watchdog and as a scold
(DBN)

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Wall Street:

Stock index futures signal early losses
(DBN)

Markets Getting Pummeled, Borrowing Costs Explode In Spain And Italy
(DBN)

U.S. stocks close with gains
(DBN)

Road shows, analysts and jumping the gun: the Facebook IPO --- Facebook IPO and the legal arguments ahead
(DBN)

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Layoffs:

The Surprising Global Shortage in Skilled Workers
(DBN)

The Most In-Demand Jobs
(DBN)

Extended Unemployment Benefits to End Sooner
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Pensions:

Bankruptcy judge to dismiss pension Fund petition
(DBN)

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Celebs:

Lindsay Lohan Owes $40,000 To Tanning Salon
(DBN)

Bankruptcy judge allows LAPD access to Manson family member recordings
(DBN)

Professional athletes who have filed for bankruptcy
(DBN)

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Coal:

Patriot Coal Names New Chief Executive Amid Refinancing
(DBN)

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Telecoms:

Bankrupt wireless firm LightSquared cuts employees, but not lobbyists
(DBN)

LightSquared judge to rule later on restricting debt trading
(DBN)

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Health Care:

Hospital's trustee, creditors grill former St. Catherine president/CEO
(DBN)

A Controversial New Bill Could Force Hospitals To Provide Free Care In Illinois
(DBN)

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Student Debt:

College dropouts have debt but no degree
(DBN)

Deals with banks stack fees on college students
(DBN)

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Economy:

Consumer Confidence in the Economy Plunged in May
(DBN)

U.S. 10-Year Yields Trade Close to Record Lows on Europe
(DBN)

Next Financial Crisis? $46 Trillion Tsunami on the Way
(DBN)

US Consumer Spending Slowed In March, Income Rose
(DBN)

Gary Shilling: Ignore The Bullish Consumer Credit Numbers, This Is Just The Beginning Of A Decade Of Deleveraging
(DBN)

US Economy: As Good as It Gets?
(DBN)

Dallas Fed Manufacturing Report Plunges To -5.1 (3.0 Expected)
(DBN)

IRS: 1 in 189 High Earners Paid No '09 U.S. Tax
(DBN)

The Disastrous Invention of the Middle Class
(DBN)

More And More People Think That The Next Debt Ceiling Fight Will Be A Catastrophe
(DBN)

US Debt Clock
(DBN)

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Real Estate:

ResCap Seeks To Block MBS Suits Against Affiliates, Executives
(DBN)

Bank of America whistleblower receives $14.5 million in mortgage case
(DBN)

Massachusetts foreclosures jump 47% annually in April
(DBN)

City law freezes foreclosures in Washington DC
(DBN)

Case-Shiller home prices decline 2% in Q1 to new post-crisis lows --- Home Prices Now Lowest Since 2002
(DBN)

Slow Signs of Life in US Housing Market
(DBN)

Home prices rise in most major US cities
(DBN)

The Housing Bottom Is Here --- The Housing Bottom: From 'Bold Call' To Consensus In Just Four Months
(DBN)

The Chicago housing market is starting to look like a disaster
(DBN)

Jon Corzine Has Sold This Penthouse With A Great Waterfront View
(DBN)

How To Get Out From An Underwater Mortgage Without A Strategic Default
(DBN)

Mattapan CDC files for bankruptcy protection
(DBN)

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Corporate Governance:

NY comptroller urges board overhaul at Chesapeake
(DBN)

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Fraud:

Judge Jed Rakoff Says US vs. Gupta Reveals Business Ethics Rotten to the Core --- Gupta Tries to Sow Doubt at Trial About Folgers Sale Leak --- Two jurors drop out of Gupta insider-trading trial --- Gupta could be risky witness in own defense --- Prosecutors want email about Mukesh Ambani as evidence in Rajat Gupta trial --- Fear of jury boredom seeps into Gupta insider trial
(DBN)

Criticism of Madoff trustee continues to grow
(DBN)

Lawyers, Not Victims, Making Most In Madoff Cleanup
(DBN)

"Mini- Madoff " ordered to pay ex-partners $35 mln
(DBN)

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Video Games:

Curt Schilling Says He's Going To Lose All $50 Million In Savings
(DBN)

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Debt Collection:

Supreme Court to Decide Whether Losing Plaintiffs Must Pay Costs in Fair Debt Collection Cases
(DBN)

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Publishing:

Boston Hannah International Files Bankruptcy Liquidation
(DBN)

Fitch Believes Houghton Mifflin Harcourt's Bank Facility Would Be Rated 'BB+/RR1'
(DBN)

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Retailing:

Borders Trustee Fights Gift-Card Claims
(DBN)

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Politics:

Warren campaign for Mass. Senate raises “unprecedented” amount of money
(DBN)

Romney Campaign Hits Obama on Solyndra
(DBN)

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Religion:

Victims' lawyers move to recover $35 million in parish funds
(DBN)

Parishes giving $1.5 million toward settling sex cases
(DBN)

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Municipalities:

CA Assembly rejects change to city bankruptcy process
(DBN)

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Shipping:

Bank Foreclosures Loom for Tanker Owners Hauling Iranian Crude
(DBN)

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Tax:

U.S. CFOs Name Texas, Florida and Nevada Most Tax Competitive States; California, New York and New Jersey Viewed as Least Competitive
(DBN)

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Waste:

Impact Services Sold Unit to Kurion Before Bankruptcy
(DBN)

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Oil/Gas:

Pumps to keep flowing despite Coryton closure
(DBN)

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Ratings:

Fitch: Negative Rating Drift for Global Corporates Persists through First Quarter of 2012
(DBN)

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Hotels:

Arguments end in hearing over Sheraton Fort Worth Hotel
(DBN)

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MF Global:

Woman Wants $150 Trillion-ish From MF Global, Thinks She Is Barack Obama
(DBN)

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Tech Repair:

Blue Raven Technology, Inc. Announces Agreement to Sell to Leading Ridge Capital Partners, LLC
(DBN)

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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 (19 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)

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Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

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Sales:

High court rules in credit bid bankruptcy case --- Chapter 11 Once Again Safe for Undersecured Lenders --- Court Upholds Right of Secured Creditors to Credit Bid in Chapter 11 Plan Sale --- Amalgamated Bank Statement on Supreme Court's RadLAX Decision --- High Court Upholds Ability to 'Credit Bid' --- Can(n)onading Radlax
(DBN)

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Valuation:

Third Circuit Issues Important Ruling on Collateral Valuation and Lien-Stripping in Chapter 11 Cases
(DBN)

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Corporate Governance:

Questioning the deepening insolvency theory
(DBN)

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Bankruptcy Crimes:

Bond revoked for Shreveport businessman facing trial for concealing assets
(DBN)

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Bankruptcy Poetry:

Win Rudy's Tickets! (Part 2)
(DBN)

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Personal Finance:

Bankruptcy At Age 23
(DBN)

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Litigation:

On the Road to Judicial Acceptance of Predictive Coding
(DBN)

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IP:

Prince Sports seeks bankruptcy court OK of licensing agreement
(DBN)

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Hotels:

Radisson at LAX Needs a New Bankruptcy Plan
(DBN)

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Photography:

Kodak Court Loss Leaves Less for Bondholders
(DBN)

______________

Finance:

Share of covenant-lite loans jumps to post-crisis high in April
(DBN)

Moody's warns on leveraged loan maturity wall
(DBN)

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Aviation:

Final arguments wrap up in American Airlines case on contract rejections
(DBN)

American, Unions Begin Bankruptcy Court-Supervised Mediation
(DBN)

Sabre says American Airlines trial has been delayed again
(DBN)

Happy sad anniversary for American Airlines and its employees
(DBN)

Paltry payouts will not bring full justice for ex-Pace workers
(DBN)

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Banking:

How Political Clout Made Banks Too Big to Fail
(DBN)

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Mass Torts:

Louisiana Senate Debates Asbestos Trust Bill
(DBN)

The Quaint Town Is Home To The World's Largest Asbestos Mine
(DBN)

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UK:

Bankruptcy Immigrants
(DBN)

Bank of England Readies for Euro Collapse
(DBN)

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EU:

Eurozone economic confidence slides in May
(DBN)

EU proposes cross-border bank rescues
(DBN)

Europe's salvation lies in euro's demise
(DBN)

The Scariest Chart In Europe Gets Even Scarier
(DBN)

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PIIGS:

The future of the euro is at stake: Spanish deputy PM --- Spain to brave markets on regions, banks funding --- Spain's bank bailout plans boost borrowing costs --- The Governor Of The Bank Of Spain Will Leave His Post Early After Charges Of 'Grave Misconduct' Over Bankia --- Former Bankia executive gets €14m payoff --- Warning lights flash red over Spain --- Egan-Jones Cuts Spain's Debt Rating to B From BB- on Outlook --- Everything You Need To Know About The Failing Spanish Bank Bankia --- Spanish Retail Sales Have Their Largest Collapse In History --- Investors flee Spanish debt amid bailout fears --- Spain Cuts Payouts, Ejects Clean-Power Industry --- Spain Credit-Default Swaps Surge to Record on Bank Bailout Woes
(DBN)

Greek euro exit would halve incomes, report warns ---What if Greece can't manage payback? --- NBG report warns of euro exit chaos --- The many faces of unemployment in northern Greece --- Greece's pro-bailout conservatives leading in poll
(DBN)

Spain rattles markets, Greeks warned of catastrophe
(DBN)

3 Portugal banks seen needing help with capital
(DBN)

Italian 10-year bond yield shoots over 6% --- Epic Italian Retail Sales Collapse
(DBN)

Paul Krugman Urges Irish Voters To Reject The Fiscal Pact Referendum
(DBN)

______________

MENA:

Proposed insolvency law reform in the UAE is the focus of global policy summit.
(DBN)

The Arab Spring Created A Bunch Of Mini Irans
(DBN)

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Copyright 2012