May 8, 2012

The Daily Bankruptcy News

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Law:

The Dewey Scene: Moving Trucks, Depressed Employees, and Attention-Seeking Artist --- Ex-Vice Chairman at Dewey Is Said to Claim That He Is Owed $61 Million --- Dewey & LeBoeuf Loses Latest Partner to Schiff Hardin in DC --- Dewey & LeBoeuf delivers another blow to Midtown's office market --- One of the Powerful 'Steves' Wasn't a Practicing Lawyer --- Dewey & LeBoeuf: A Visual Essay --- Outside Dewey law firm, employees mull future --- Dewey Have an End in Sight? Friday Will Be the Last Day for Some Employees --- How Dewey Feel When Other Firms Make Jokes? --- Dewey Leboeuf and The Due Diligence Imperative. Let The Job Seekers Beware. ..Prestige is not enough.
(DBN)

Outside backers could tame U.S. law firm excesses
(DBN)

Clifford Chance, Cadwalader, Nixon Peabody: Business of Law
(DBN)

Creating A ‘Brand,’ While Others Create Your Reputation
(DBN)

How to Avoid Jaw-Dropping Legal Bills
(DBN)

Lawyer’s Husband Is Accused of Shooting Her Eight Times
(DBN)

Disbarred Lawyer Gets 30 Days for Over a Decade of Unauthorized Practice of Law
(DBN)

Projected Law School Debt Figures Revised Even Higher
(DBN)

Law School Transparency: The actual cost of law school
(DBN)

The House That Debt Built (And Then Destroyed)
(DBN)

Tucker Max Explains 'Why You Shouldn't Go to Law School'
(DBN)

The Harvard Law Exam That Requires You To Apply Lessons From ‘12 Angry Men’
(DBN)

Why Are Elections Like E-Discovery?
(DBN)

How to Create a Professional Video or Webinar Presentation
(DBN)

Lawyer Faces Possible Discipline Over Epic Christmas Poem About Neverending Divorce Case
(DBN)

Lawyer for Sept. 11 Defendant Says She Wore Hijab at Arraignment Out of Respect for Client
(DBN)

Ex-Paralegal, Father Settle Insider Trading Suit – SEC
(DBN)

Diners Say They Were Locked Inside Restaurant For Refusing To Pay Automatic Gratuity
(DBN)

Elderly Man Arrested for Talking Dirty to 911 Operators
(DBN)

Say What?!
(DBN)

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Judges:

Yale Law Student Names the Kidney He Gave Away After a Federal Appeals Judge
(DBN)

Are Oral Arguments Worth Arguing About?
(DBN - NY Times - Paywall Limit Possible)

Judge Removed For Pursuing Unwanted Romance With Attorney
(DBN)

From the Reagan Library: The Details of the O’Connor Nomination (1981)
(DBN)

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Wall Street:

Stock index futures signal early losses
(DBN)

France Is Diving, Italy Is Diving, US Futures Are Heading Down
(DBN)

S&P 500 ends flat despite euro-zone worries
(DBN)

Lehman E-Mails Show Wall Street Arrogance Led to the Fall
(DBN)

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Layoffs:

Energy Conversion Devices to lay off 300 employees
(DBN)

The Declining Participation Rate
(DBN)

Global Reality: Surplus Of Labor, Scarcity Of Paid Work
(DBN)

The psychological scars of unemployment
(DBN)

Who are the long-term unemployed?
(DBN)

Most of April’s Modest Job Gains Go to Women
(DBN)

No Jobs? Employment At 40-Year High For 55 And Up
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Radio:

Goldman Sachs Succeeds At Nassau Broadcasting's Bankruptcy Auction
(DBN)

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Food/Beverage:

Judge says Hostess can reject some union contracts --- Hostess Sends Layoff Notices to All Workers
(DBN)

'Pink slime' maker to close three plants --- Pink Slime is Just the Beginning
(DBN)

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Aviation:

AMR Said to Seek More Overseas Flights as Suitor Circles
(DBN)

American Airlines, PBGC strike deal on pension plans' freeze
(DBN)

TWU local presidents urge members to reject American Airlines deal
(DBN)

Timeline in the AA/NMB/CWA battle
(DBN)

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Hedge Funds:

Bill Ackman took $200 million bath on Borders
(DBN)

Hedge fund involvement good for bankrupt U.S. companies, researcher finds --- More like guardian angels than vultures
(DBN)

The Hedge Fund And Private Equity Stock Train Wreck
(DBN)

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Telecoms:

LightSquared, Lenders Still Working On Deal --- Icahn's Departure Doesn't Ease Falcone's LightSquared Woes
(DBN)

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Celebs:

Octomom Makes P--- Debut
(DBN)

Octomom House Sale Delayed Again
(DBN)

A sad crossroads for Octomom
(DBN)

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Economy:

Consumer Credit in U.S. Rose in March by Most in Over 10 Years --- Is Deleveraging Over?
(DBN)

US to Run First Budget Surplus Since 2008
(DBN)

US Profit From AIG Rescue: $15.1 Billion
(DBN)

Barack Obama: Worst. Socialist. Ever.
(DBN)

Countries With the Highest Income Tax Rates
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Ally Said to Receive Treasury Assent on ResCap Bankruptcy --- Ally's mortgage unit problems come full circle
(DBN)

Freddie Mac to Eliminate Fee on Deeply Underwater Loan Refis
(DBN)

Ranieri: Housing Has Bottomed but Credit Issues Loom
(DBN)

Affidavits Are Not a Substitute for Evidence of Debt Ownership
(DBN)

BofA Starts Settlement related Principal Reduction Program
(DBN)

A Family's Struggle to Keep, Then Sell, Their Home
(DBN)

Freddie Mac: Lower REO Expense in Q1 due to "stabilizing home prices in certain geographical areas"
(DBN)

Housing: Inventory declines 21% year-over-year in early May
(DBN)

Las Vegas developer lists over $500 million in debt in bankruptcy
(DBN)

Is Global Real Estate Still in a Bubble?
(DBN)

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Banking:

Mortgage investors rebuffed in WaMu bankruptcy
(DBN)

The FDIC's Failed Bank Litigation, So Far
(DBN)

Bankruptcy of Security Bank parent shows local, Venezuelan investors lost big
(DBN)

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Hotels:

Hotel calms image amid bankruptcy
(DBN)

Is All Ending Well for the Modern Honolulu (Formerly The Waikiki Edition)?
(DBN)

Roberts' Tampa hotel files for bankruptcy
(DBN)

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Pensions:

2 retirees join move to dismiss Fund's bankruptcy case
(DBN)

Nortel trustee says 3rd Circuit's bankruptcy ruling may harm US abroad
(DBN)

______________

MF Global:

MF Global Customers Seeking Payment Feel Inequity
(DBN)

Senator Called On to Recuse Himself from MF Global Hearings
(DBN)

Austerity in Doubt, Some MF Global Clients Wait for Dollar One
(DBN)

Brokers face fresh costs after MF Global collapse
(DBN)

Why no prosecutions at Corzine's company?
(DBN)

______________

Fraud:

Madoff trustee now seeks $255 mln from family --- Sons' Wives Sued by Trustee for $57.5 Million
(DBN)

Gupta Seeks to Exclude ‘Reprise’ of Rajaratnam Wiretaps at Insider Trial
(DBN)

Convicted former CFO seeks $60 million from Tyco
(DBN)

______________

Municipalities:

Cash-strapped US cities ask tax-exempt universities and hospitals to contribute more money
(DBN)

Ex-Comptroller of Small Illinois Town of Dixon Pleads Not Guilty in Case re Claimed $53M Theft
(DBN)

Old Alabama Law Complicates Jefferson County's Restructuring
(DBN)

Stanton faces tough financial future
(DBN)

______________

Corporate Reform:

Two top lawyers at Wall Street watchdog departing
(DBN)

Cost-Benefit Analysis Puts the Brakes on Dodd-Frank
(DBN)

No. of corporate securities and bank fraud prosecutions at 20-year low
(DBN)

______________

Finance:

Leveraged loan default rate edges to 9-month high courtesy Hawker, Bicent
(DBN)

______________

Debt Collection:

When police collect overdue bills
(DBN)

More Consumers Suing Over Debt Collection Harassment
(DBN)

______________

Retailing:

Barneys New York Taken Over by Perry Capital Through Debt Swap
(DBN)

Big Barneys bet: Hedgie Perry scarfs up debt-drowning clothier
(DBN)

______________

Oil/Gas:

Delta Petroleum Selects Laramie Energy to Back Recovery Plan
(DBN)

______________

Health Care:

Obesity Now Costs Americans More In HealthCare Spending Than Smoking
(DBN)

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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 (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (79 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 Hawker Beechcraft, Pinnacle, Mariana Fund (audio)
(DBN)

______________

Bankruptcy Statistics:

April sees bankruptcy drop in major Louisiana city
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Personal Bankruptcy:

Americans: Too broke to go bankrupt
(DBN)

______________

Trustees:

Puzzling plea deal for former federal bankruptcy trustee
(DBN)

______________

Insurance:

The Impact of the JOBS Act on D&O Liability and Insurance
(DBN)

______________

Compensation:

Shareholder power topples Aviva's Andrew Moss. Who's next?
(DBN)

______________

Alternative Energy:

Energy Conversion to Fire 300 as Uni-Solar Auction Fails
(DBN)

______________

Student Debt:

White House pressures GOP on student loan bill --- Senate Heads Toward Showdown Vote On Student Loans
(DBN)

Sallie Mae Competes with Feds for Fixed-Rate Student Loan
(DBN)

______________

Autos:

Great Recession Curbed Our Love of Driving
(DBN)

______________

Media:

Tribune Creditors Drop Claims Against Small Shareholders
(DBN)

______________

UK:

Bankruptcy warning to UK universities
(DBN)

______________

EU:

In Europe, the extremists go mainstream
(DBN)

A post-elections reality check in the Eurozone
(DBN)

Austerity Now Dirty Word In Europe, But What Next? --- Are there any alternatives to austerity? Six ideas for fixing Europe
(DBN)

Pain Without Gain
(DBN - NY Times - Paywall Limit Possible)

Austerity Makes Crisis Feel 'Bottomless': IIF’s Dallara
(DBN)

If you randomly picked 12 countries from across the globe, they'd fit together better than the EU
(DBN)

______________

PIIGS:

Greece could drop euro but tragedy won't follow
(DBN)

Greece told to execute bailout terms or face bankruptcy
(DBN)

In Greece, Rejecting Austerity Could Mean More Austerity
(DBN)

The Greek Crisis and Cell Mitosis
(DBN)

Political Chaos in Athens Greek Parties Have Little Chance of Forming Government
(DBN)

Vote Against Austerity in Greece Revives Fears --- Attempt to form Greece government fails after shock poll
(DBN)

Does Greece Matter Anymore?
(DBN)

Bankia chief Rato steps down as Spain readies bailout --- Spanish TARP begins - Bankia would cost €10B to Spain --- Europe must act to save Spain --- Spain to Spend Billions on Bank Rescue
(DBN)

David Drumm's wife reaches settlement with US court – report
(DBN)

______________

Canada:

Please Release Me, Let Me Go: Broad Third Party Releases Sanctioned in BIA Proposal Proceedings
(DBN)

______________

MENA:

Arcapita Bank Wins Permission to Pay Employees, Partners
(DBN)

Dispute holds up Drydocks World hearing
(DBN)

______________

Mexico:

Mexican glassmaker's, court's moves threaten letter, spirit of law
(DBN)

______________

Brazil:

Brazil's Celpa seeks debt haircut, more funds --- Celpa restructuring plan seen as unattractive for bondholders
(DBN)

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Copyright 2012