May 31, 2012

The Daily Bankruptcy News

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Law:

Dewey Unsecured Creditors May Find the Cupboard Is Bare --- Dewey's bankruptcy : Let the rumble begin --- It's Lawyers v. Lawyers --- Dewey Can Use Lenders' Cash Collateral ---Creditors and Lawyers Assess Impact of Dewey Bankruptcy --- Dewey's New Life as Bankrupt Debtor Kicks Off --- Dewey & LeBoeuf bankruptcy will be different, firm’s lead counsel says --- How Dewey Prove That Everybody Hates Lawyers? --- Why Dewey Owe More Than $400K to a Former Associate? --- DA's investigating Dewey for wrongdoing --- Dewey Lawyer Says Firm Is Negotiating Deal with Ex-Partners --- Too Big To Succeed? --- Firm that represented Frank McCourt in bankruptcy goes bankrupt --- Don't expect uptick in hiring as storied NY law firm declares bankruptcy --- Grads: There are no safe careers --- Court Denies Dewey Lenders Lien over Future Proceeds --- Dewey Collapse Gives Lenders Pause, But Landlords Won't Cease And Desist in Pursuing Law Firms
(DBN)

Kaye Scholer, Hogan Lovells, Baker & McKenzie: Business of Law
(DBN)

Dewey, Skadden, Jones Day, Fried Frank: Business of Law
(DBN)

Clifford Chance sets out new salary bands with pay rises for 1-3 PQE associates
(DBN)

Radically Cutting Expense: Why can't AM Law 100, 200 do it?
(DBN)

After the fuss, Greenberg Traurig still represents TD Bank
(DBN)

Top Greenberg Traurig Lawyer Apologizes to Fed’l Judge, Calls Doc Errors in $67M Case Unintentional
(DBN)

Joshua Gadharf joins McDonald Hopkins
(DBN)

Chadbourne & Parke gains insolvency expert in London
(DBN)

Pepper Hamilton Relocates Boston Office
(DBN)

AmLaw200: Gross Revenue --- Compensation - All Partners --- Revenue Per Lawyer
(DBN)

The Competitive Analysis Underlying Bartlit Beck
(DBN)

In-House: Meta-Networking
(DBN)

Associates Living in Fairfield County, CT - More bad news
(DBN)

Bar Review Diaries: It’s Going to Be Fun Times, Fun Times
(DBN)

Iconography of a Student Loan
(DBN)

Schools Try to Keep Law Students Afloat in a Sea of Debt
(DBN)

Law School Transparency: The art of necessity
(DBN)

A prediction about the law teaching job market for 2012-13
(DBN)

Somebody Forgot To Tell Boston College Career Services Officers That BC Law Grads Enjoy A ‘Median’ Starting Salary of $160,000 In Private Practice
(DBN)

TruConnect MiFi to Get Online When You're on the Go
(DBN)

Former Hogan Lovells partner handed three-year jail term for expense fraud --- Partner in $2M Hogan Lovells Expense Fraud ‘Lost All Reason,’ Spent $1M on Mistress, His Lawyer Says
(DBN)

Ogletree Deakins Settles Defamation Suit Against County, Refunds $51K for ‘Coding Mistake’
(DBN)

Lawyer Is Reprimanded for Threatening Ethics Complaint
(DBN)

A Clifford Chance Senior Associate Begs a Colleague to Stop M--------ing to Him Via ‘Reply All’
(DBN)

The 15 Most Expensive iPhone And iPad Apps In The World
(DBN)

Bacon Lover In Piggly Wiggly Rampage
(DBN)

Hungry, Dopey Duo Arrested For Pizza Hut Plot
(DBN)

Mug Shots
(DBN)

______________

Judges:

Holy Moley, We Heard From Jim Foley (In Case You Forgot, He’s Running For Judge in the City of Oly)
(DBN)

Clarence Thomas reconciles with Yale after bitter years
(DBN)

Lawyer Is Suspended for Two Years for False Claim About Judge’s Behind-the-Bench Activity
(DBN)

______________

Wall Street:

US stock index futures signal early rebound
(DBN)

Stocks tumble amid rising Europe worries
(DBN)

Mark Zuckerberg sees $4bn wiped off fortune in Facebook IPO disaster --- Morgan Stanley CEO On Facebook IPO: Blame Nasdaq, We Did Nothing Wrong --- Facebook Trades Below Lowest Expected Range --- Facebook: The Sound of a Bubble Bursting? --- Milberg Seeking to Quit N.Y. Facebook Case, Lawyer Says
(DBN)

Don’t Expect the Jobs Report to Halt the Selloff
(DBN)

______________

Layoffs:

Fed's Dudley sees positive signs in US job growth
(DBN)

20,000 Apply for 877 Jobs at Hyundai Plant
(DBN)

Teen Jobless Rate Masks Deeper Problems
(DBN)

Older Americans learn new trades in tough jobs market
(DBN)

Software Screening Rejects Job Seekers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Accounting:

Could Dewey Bankruptcy Happen to an Accounting Firm?
(DBN)

______________

Textbooks:

Nebraska Book Wins Court Approval of Restructuring Plan
(DBN)

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Celebs:

Dennis Rodman Slapped with Contempt Over Huge Child Support Debt
(DBN)

Taxpayers want P. Diddy's son to pay $54,000 for his UCLA scholarship
(DBN)

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Baseball:

McCourt management of Dodgers under grand jury investigation
(DBN)

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Politics:

Gov. Patrick endorses Elizabeth Warren --- Elizabeth Warren is not a dumb blonde --- Cherokees to Elizabeth Warren : 'We don't claim you!'
(DBN)

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Derivatives:

Companies That Can Be Hedged With CDS Are Way More Likely To Go Bankrupt
(DBN)

_____________

Awards:

Weil's Goldstein and Business Finance & Restructuring Group Win International Who's Who Awards
(DBN)

______________

Health Care:

New London hospital bids on Westerly; may be "stalking horse"
(DBN)

Judge clears way for Cetero Research deal
(DBN)

Will Employers Dump Heath Insurance?
(DBN)

Healthcare costs to rise 7.5 percent in 2013: report
(DBN)

______________

Corporate Governance:

We're "witnessing a significant shift in power from shareholders to entrepreneurs and managers"
(DBN)

_____________

Economy:

US Treasury bond yields hit record low as eurozone worries mount
(DBN)

71% Small Biz Owners: Recession Not Over
(DBN)

Stay In the States, The Rest Of The World Is A Giant Rip Off
(DBN)

Last year's Congressional debt ceiling debacle hurt consumer confidence more than Lehman's collapse
(DBN)

Fed's Fisher Says Europe Drives U.S. Interest Rates Down
(DBN)

Insolvency looming for entitlement
(DBN)

'The American Dream For the Average Man Doesn't Exist Any More'
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Pending Sales of US Homes Decrease by Most in a Year --- 'At Least the Rate of Decline Has Slowed' in U.S. Housing Prices
(DBN)

Behind the Numbers: Does Case-Shiller Show a Market Bottoming Out?
(DBN)

Foreclosures made up 26% of US home sales in first quarter
(DBN)

California lawmakers and FHFA clash over Homeowner Bill of Rights
(DBN)

Delaware struggles to sustain its MERS lawsuit
(DBN)

Can SEC show fraudulent intent in Fannie Mae case?
(DBN)

Housing Bottom Does Not Mean Recovery
(DBN)

The Fed Desperately Wants Homeowners To Apply For Foreclosure Reviews
(DBN)

Five states dominate April foreclosures
(DBN)

Fitch cuts PHH Corp's IDR
(DBN)

Wells Fargo to Pay $432 Million in Lending Lawsuit
(DBN)

Some improvement in condo prices in March
(DBN)

Taxpayers may wait 15 years for GSE payback: Moody's
(DBN)

What $1 million will get home buyers around the U.S.
(DBN)

The Difference Between Rich And Poor Neighborhoods
(DBN)

Delinquency Rate Hits All-Time High for CMBS
(DBN)

____________

Telecoms:

RIM prepares for radical measures with global restructuring --- Even after hiring bankers, RIM running out of options --- What the hell happened?
(DBN)

______________

Fraud:

Gupta's Lawyers Try to Peg Galleon Traders as Liars --- Testy times for counsel at Gupta insider-trading trial --- Ex-Galleon Trader Takes Stand --- Naftalis building platform for reasonable doubt --- Insider-trading judge to lawyers: No 'gotcha'
(DBN)

Madoff victims trade on trustee's gains and losses
(DBN)

Hedge fund boss found guilty in $600 million fraud
(DBN)

GE Capital to repay $19M in Petters settlement
(DBN)

______________

Aviation:

Horton tells American workers that mediated talks will start this week
(DBN)

US Airways, TPG weigh joint bid for American's parent
(DBN)

Bankruptcy Judge Says Hawker Can Keep Borrowing On $400 Million Loan
(DBN)

Kingfisher posts worst-ever quarter; no funding in sight
(DBN)

______________

Publishing:

Houghton Debt Initially Valued at 55.625 Cents in Swaps Auction
(DBN)

______________

Municipalities:

Calif. Assembly rejects bankruptcy process change
(DBN)

Stockton: Living on the Edge
(DBN)

Stockton preps bankruptcy contingency plan
(DBN)

Harrisburg mayor says she'll fight for bankruptcy right
(DBN)

Harrisburg's new receiver to be affirmed
(DBN)

Former Washington D.C. mayor with turnaround skills gives advice to help Detroit
(DBN)

Providence, RI, in pension deal to avert bankruptcy
(DBN)

States of (Fiscal)Emergency—and a Plan Fix Them
(DBN)

______________

Banking:

JP Morgan restructuring division that caused $2 billion loss
(DBN)

JPMorgan CIO Swaps Pricing Said to Differ From Bank
(DBN)

Why banks shouldn't play in CDS markets
(DBN)

Jamie Dimon and the Fall of Nations
(DBN - NY Times - Paywall Limit Possible)

CIT Angling To Steal Share From Big Banks
(DBN)

______________

Golf:

Country Club board to submit second bankruptcy plan
(DBN)

______________

Photography:

Kodak reports higher revenues, smaller loss in April
(DBN)

______________

MF Global:

MF Global U.K. Repo Dispute With U.S. May Delay Creditor Payouts
(DBN)

______________

Pensions:

Emergency declaration in the offing for Fund
(DBN)

Bankruptcy ruling pleases speaker, administration
(DBN)

______________

Radio:

Court Approves Sale Of 30 Nassau Stations
(DBN)

______________

Food/Beverage:

USA Springs auction set for July 20
(DBN)

______________

Consumer Finance:

The Bully Model of Consumer Finance and Litigation
(DBN)

______________

Non-Profits:

Ex-State Fair chief 'bewildered' by sale
(DBN)

______________

New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (42 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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 RadLax, Dewey, Madoff, ResCap, Impact (audio)
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Sales:

Justices preserve lender prerogatives in bankruptcy auction dispute
(DBN)

______________

Discharge:

Frenville Leaves Its Footprints Behind as Third Circuit Refuses to Discharge Latent Claims
(DBN)

______________

Automatic Stay:

District Court for the Southern District of New York Reaffirms Extraterritorial Effect of the Automatic Stay
(DBN)

______________

Litigation:

Securities law firms get bigger settlements in '11
(DBN)

Law School Classes on Electronic Discovery: Important and Informative, or a Waste of Time?
(DBN)

10 Bonehead Mistakes That Can Kill an EDD Search
(DBN)

______________

Retailing:

Borders Gift Card Holders Fight To Reclaim Their Money
(DBN)

______________

Religion:

Archdiocese confirms payments to abusive priests who left ministry --- Archdiocese paid 'unassignable priests' to leave ministry
(DBN)

______________

Mass Torts:

Fifth Circuit affirms fraud verdict against asbestos attorneys
(DBN)

Burton LeBlanc of Baron and Budd Testifies Against Louisiana Asbestos Bill
(DBN)

La. asbestos bankruptcy trust bill dies in committee
(DBN)

______________

Skiing:

Want to own a ski area?
(DBN)

______________

Debt Collection:

Accretive exec apologizes if its tactics were offensive
(DBN)

Minn. hearing spotlights hospital debt collection
(DBN)

Death to Foti? Supreme Court to Hear FDCPA Case on Awarding Costs to Defendants
(DBN)

______________

Alternative Energy:

Bankruptcy or acquisition facing half of PV manufacturers
(DBN)

______________

Museums:

Va. city opposes slavery museum resurrection plan
(DBN)

______________

Autos:

8 more reasons for Detroit to worry
(DBN)

______________

UK:

Number of retailers going bust leaps 38% in one year
(DBN)

Liable to be liable? Insolvency Practitioners and personal liability
(DBN)

Lack of buyers likely to force closure of Petroplus refinery in Britain
(DBN)

Duff and Phelps 'agreed' to cap Rangers fees at £500000
(DBN)

Top London House Prices Could Halve If Eurozone Collapses
(DBN)

RBS Shares Won't Regain Pre-Crisis Value 'In Lifetimes'
(DBN)

______________

EU:

EU Central Bank: Eurozone Setup Unsustainable
(DBN)

A frightening guide to the increasingly likely end of the eurozone
(DBN)

EU calls for deeper union to avoid 'disintegration'
(DBN)

Moody's set to downgrade key European banks
(DBN)

Euro Plunges Near A Two-year Low Versus The Dollar
(DBN)

Americans Not Highly Focused on European Financial Crisis
(DBN)

______________

PIIGS:

EU urges direct bank aid in boost for Spain --- More pain in Spain hits world markets --- EU Commission May Agree for Spain to Cut Deficit More Slowly --- Madrid under pressure to probe Bankia collapse --- EJR Downgrades Spanish Debt --- Former Spanish PM: 'We're In A Situation Of Total Emergency' --- Scramble for safety as Spain fears grow --- Spain Is Crying for Help, but Is Berlin Really Listening? --- The pain in Spain: Europe's woes are borrowers' gains --- Spain Sends Official to US Amid Crisis
(DBN)

Top insurer pulls cover for exports to Greece --- Trade credit insurers balk at Greek risk --- Greece Exit From Euro Seen Exposing Flaws of Deposit Guarantees --- Christine Lagarde may have screwed things up in Greece --- Christine Lagarde, IMF Chief, Who Scolded Greece For Tax Evasion, Pays No Taxes --- Radical Anti-bailout Left Regains Greek Poll Lead
(DBN)

Monti Urges 'Deep, Quick' Moves by Germany to Quell Euro
(DBN)

Will crisis-hit Ireland rebel against EU?
(DBN)

______________

France:

Poultry giant Doux admits receivership "an option"
(DBN)

France to cap top pay
(DBN)

______________

Germany:

German unemployment rate dips below 7 percent
(DBN)

______________

MENA:

Grace period only option as UAE lending cap looms
(DBN)

______________

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Copyright 2012