November 13, 2012

The Daily Bankruptcy News

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Law:

Lawyers in Sandy’s Path Offer Free Help to Storm Victims
(DBN)

Spoiled Food, Flooded Basements: Law Firms Recover Post-Sandy
(DBN)

Sullivan & Cromwell reopens office ahead of other downtown firms after storm
(DBN)

Attorneys homeless after Hurricane Sandy start to rebuild
(DBN)

Citi: Lackluster 3rd Quarter Bodes Ill for Law Firm Profit Growth
(DBN)

Illegal Immigrants Are Lobbying To Win The Right To Practice Law In 50 States
(DBN)

Restructuring and insolvency partner Libby Elliott to join Stephenson Harwood
(DBN)

Law Firms Eating More Costs
(DBN)

Do Men Give a Hoot About Work/Life Balance?
(DBN)

Turning Down Biglaw
(DBN)

Beware the partner trap
(DBN)

What's Next for the Middle Kingdom? A Response to "Growth is Dead: Part 11," by Adam Smith, Esq.
(DBN)

The Future and Your Student Loans
(DBN)

7 BigLaw Firms to Work for if You Want the Big Bucks
(DBN)

And Then They Came for the Partners
(DBN)

Pay Decreases Shown for Firms' Growing Nonequity Tier
(DBN)

Akerman Senterfitt reports record year financially
(DBN)

5 Law Firm Partner Types and How to Deal With Them
(DBN)

GCs: The South's Top Ten
(DBN)

Market for law firm office space is still 'a tenant's dream'
(DBN)

Weil and Morgan Lewis among firms on $3.6bn sale of Jefferies to shareholder
(DBN)

UBS Bank Whistleblower Claims His Attorneys Blew the Case
(DBN)

8 Reasons Microsoft's Surface Is Better Than The iPad
(DBN)

Review: Reader HD by Naverage -- view MS Word .docx files with formatting preserved
(DBN)

New LinkedIn Features Helpful for Lawyers
(DBN)

#Twitter and Lawyers in 140 Characters or More
(DBN)

CitePin Enables Easy Access to Notes and Research
(DBN)

Laying the law down on apps; let business model drive usage
(DBN)

Big storms proved value of the cloud
(DBN)

Results: Am Law Tech Survey 2012w
(DBN)

Legal Marketing Has You Secretly Bored? Try Pinterest's Secret Boards!
(DBN)

Judge Bounces Consumer-Fraud Lawsuits against Law Schools
(DBN)

McEntee: Law Schools Should Cut Enrollment 50%
(DBN)

The Most Diverse Law Schools And The Equal Opportunity To Become Unemployed
(DBN)

Outgoing Law School Dean Tries To Slip In One Last Dumb Comment
(DBN)

Law School Transparency: 3LOL and "mandatory" attendance policies --- The disappeared
(DBN)

Law Students Reveal Their Third Year Is For Totally Slacking Off
(DBN)

What Does the Future Hold for American Legal Education?
(DBN)

Change Comes To George Washington University… After A Whole Bunch Of Lying
(DBN)

Reforming Legal Education's Finances: Cut Tuition or Class Size?
(DBN)

Anonymous Blog Comments Snag Another US Prosecutor; Suit Cited ‘Superfluous Spacing’ as Clue
(DBN)

Defense Attorney Arrested in Court, Accused of Stalking Female Prosecutor
(DBN)

You Hit An EMT? Yeah You Know Me!
(DBN)

David Boies predicts Prop 8 win in U.S. Supreme Court
(DBN)

Jill Kelley Hires Lawyer And Crisis PR Specialist --- You're Not Going To Believe The Latest Developments In The Petraeus Scandal --- Petraeus Mistress Revealed CIA Ops? --- Who Is Jill Kelley And Why Is Everyone Obsessed With Her?
(DBN)

Court penalizes Clifford Chance for calling secretary "pig headed"
(DBN)

Bonkers Law Firm Website of the Week: A Trip to the Gallery
(DBN)

Former Office Manager Repays $350K to Law Firm
(DBN)

Mailman Mistakes Corpse on Porch For Halloween Display
(DBN)

Cops: Suspect Steals Chinese Food Delivery Car, Drops Off Orders To Keep Cash
(DBN)

6th Circuit: Lawyer Must Pay $300K for Using Stock Photos to Create Morphed Child P--- Trial Exhibit
(DBN)

Legally Themed Halloween Costume Contest Winner
(DBN)

October Lawyer of the Month: Bruno Mars Lyrics in Practice
(DBN)

300-Pound Man Brutally Beats 83-Year-Old In Fit Of Road Rage
(DBN)

Pack of teens grope jogger in Central Park
(DBN)

Man sues wife over ugly baby
(DBN)

Man allegedly pulled AK-47 on kids who stole Halloween candy from his son
(DBN)

Woman Blames Husband for Obama's Re-Election, Rams Him With Her Car
(DBN)

Foot-in-Mouth Awards for the Week
(DBN)

Naked toddler found locked in dog kennel in backyard
(DBN)

Ex-CIA Director Dulles, a One-Time BigLaw Lawyer, Had at Least 100 Affairs, His Sister Has Said
(DBN)

Marauding Lawyers Spur Fears
(DBN)

Rape Victim Expelled For “Tarnishing” School Image
(DBN)

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Judges:

Manhattan bankruptcy court to open on Tuesday
(DBN)

Ceremony marks Finkle's appointment as federal bankruptcy judge
(DBN)

Grassley Urges U.S. Courts to Better Prepare for Funding Cuts
(DBN)

Supreme Court: No Invitation for President Obama
(DBN)

A call for more diversity
(DBN)

Be a Lawyer, Not a Princess! --- Sotomayor Returns to Sesame Street with Career Advice that Includes Definition of the Word
(DBN)

After a Year of Paid Leave, Texas Judge in Viral YouTube Video Posted By Daughter Returns to Bench
(DBN)

‘Conspiracy of Silence’ Allowed Judges’ Kids-for-Cash Scandal to Occur, Says Author
(DBN)

Benchslap of the Day: With All Due Respect, Please STFU
(DBN)

New hope for nominees
(DBN)

______________

Wall Street:

US stock futures fall on "fiscal cliff" concerns
(DBN)

Markets Are Getting Smoked
(DBN)

10 Things You Need To Know Before The Opening Bell
(DBN)

Stocks End Flat in Thin Trading
(DBN)

"Fiscal cliff" standoff keeps Wall Street subdued
(DBN)

President Obama Fails to Soothe Stock Market
(DBN)

The Election, Spending, And What Obama's Victory Will Do To Wall Street Compensation
(DBN)

Knight Capital Discloses A Bunch Of Legal Issues From The Technical Glitch That Almost Sank The Company In August
(DBN)

S.E.C. Said to Be Investigating Money Manager's Trading Practices
(DBN)

Leucadia Agrees to Buy Jefferies for About $2.76 Billion --- Why the Jefferies Deal Could Worry Wall Street's Giants
(DBN)

Expect Another Brutal Year For Wall Street Bonuses — 20% Of Wall Streeters Will Get No Bonus At All
(DBN)

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Layoffs:

Obama blamed for coal layoffs
(DBN)

Remember all those UBS bankers that were brutally cut last week? Now the bank is hiring them back
(DBN)

Students Are Unprepared For The Job Market Because Their Parents Are Their Mentors
(DBN)

Two million could lose jobless benefits unless Congress extends program
(DBN)

Hostess Closings to Cut Another 627 Jobs
(DBN)

NBC Firing Another 450 Employees
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

Reserve Fund Jury Finds One Bent Liable, Absolves Another
(DBN)

HSBC settles with investor over Madoff loss
(DBN)

Texan Pleads Guilty in $485 Million Ponzi
(DBN)

Global Corporate Fraud is Down, Data Theft a Stubborn Threat
(DBN)

MoneyGram agrees to $100M settlement with feds in fraud probe
(DBN)

______________

Corporate Reform:

Will the Election Results Speed Up Dodd-Frank Implementation?
(DBN)

CFTC Charges Ex-Goldman Trader With Concealing $8.3 Billion Trade
(DBN)

Feds Get Next to Nothing in Another Wall Street Case
(DBN)

Is Richard Cordray Using The CFPB For Political Gain?
(DBN)

FDIC's Failed Bank Lawsuit against Former IndyMac Officers Goes to Trial
(DBN)

______________

Oil/Gas:

Barclays Defeats Claim that It Required Unjustified Payment From SemGroup
(DBN)

______________

Debt Collection:

Accretive Investor Sues Board Over Debt-Collection Claims
(DBN)

Fake Courtroom Debt Collector Ordered to Pay $522,780
(DBN)

______________

Lehman:

Giants Say Lehman Subpoena Demands Are Out of Bounds
(DBN)

______________

Economy:

Obama Hangs Tough on the Fiscal Cliff --- Obama, Boehner Open Door to Compromise on Tax Breaks in 'Fiscal Cliff' Talks --- Obama, Boehner Open to Compromise With Firm Stance --- Obama to Insist on Tax Increase for the Wealthy --- Let's Be Honest -- Obama And The Republicans Have Already Cut A Deal --- Going Over The Fiscal Cliff Isn't The Problem, It's The Solution --- Hold Onto Your Hats for Fiscal Cliff Turbulence --- The fiscal cliff isn't gradual, and it will matter --- Highlights of 'fiscal cliff' taxes and cuts --- The Fiscal Cliff Explained
(DBN)

What About That Fiscal Cliff? --- Fiscal cliff could help US avoid road to Japan – but probably won't --- Washington Will Come To A Fiscal Cliff Deal, And It Will Not Lead To A New Recession --- Most in US Won't Escape the Fiscal Cliff --- What Taxpayers Can Expect from Fiscal Cliff Deal --- Fiscal Cliff: 9 Key Tax Laws Set to Expire --- The Ultimate Guide To The Fiscal Cliff — Here's What It Is, And What It Could Do To The Economy
(DBN)

Wealthy Dump Assets Before the 'Fiscal Cliff'
(DBN)

Deficits: It's the Health Care, Stupid
(DBN)

Treasurys give back some gains
(DBN)

Tim Geithner, Meet Your Potential Replacement --- Why Hillary Clinton Should Be Our Next Treasury Secretary
(DBN)

Michigan Consumer Sentiment Index Increased to 84.9 in November
(DBN)

8 Middle Class Tax Breaks That Might Be On The Chopping Block
(DBN)

Business In The Obama Era: Winners and Losers
(DBN)

A Train Ride From Washington To New York Reveals What's Wrong With The Economy
(DBN)

A Message From Us Rich Plutocrats To All You Little People - Business Insider
(DBN)

Sweet Forgiveness (Debt Relief)
(DBN)

America: Take From the Poor, Give to the Rich
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

NAR Economist: Home Prices to Rise 15% in 3 Years
(DBN)

Why the ‘Foreclosure Discount’ Is Helping Home Prices
(DBN)

Dimon: ‘Every Single Thing About Housing Is Flashing Green’
(DBN)

Home Prices in 20 US Cities Rise by Most in Two Years
(DBN)

Boomers Forgoing Home Purchases
(DBN)

Deutsche Bank Loses Bid to End US Housing Agency Suit
(DBN)

ResCap Affiliate, GMAC Mortgage, Sued by Mortgage Trustee
(DBN)

BofA's Merrill loses bid to end FHFA mortgage lawsuit
(DBN)

DR Horton profit beats estimates; backlog strong
(DBN)

Mastros must remain in jail, French court rules
(DBN)

Uncovering the Steep Costs of a Custom Ski Home
(DBN)

Rich People Are Using Delayed Financing To Game The Housing Market
(DBN)

Bankruptcy court judge to decide Wednesday on $25 million Tesoro Club settlement
(DBN)

The 25 Coolest New Buildings Of The Year
(DBN)

____________

Politics:

Elizabeth Warren: What kind of senator will she be? --- Bankruptcy and Politics: Junior Senator from Massachusetts Edition --- A New Senator, Known Nationally and Sometimes Feared
(DBN)

Insiders Explain How Mitt Romney's Campaign Completely Fell Apart On Election Day
(DBN)

Amazing Facts About US Presidential Voting By Sex, Age, Race, Money, And Education
(DBN)

Defending the Electoral College
(DBN)

Karl Rove's efforts go down in flames
(DBN)

What The Ultimate Washington Insiders Say Is Going To Happen Now
(DBN)

Texas Megachurch Pastor Says Obama Will 'Pave Way' for Antichrist
(DBN)

______________

Finance:

Ally near $4 billion unit sale, GM seen in lead
(DBN)

Fitch Maintains Rating Watch Negative on Ally Financia
(DBN)

______________

M&A:

Jefferies Mostly Down in League Tables This Year
(DBN)

______________

Retailing:

A Tattered Look For JC Penney --- Bill Ackman Just Wrapped Up An Incredibly Awkward Interview On CNBC
(DBN)

Bakers begins liquidating $30 million of inventory
(DBN)

Black Thursday is the new Black Friday
(DBN)

Vann's announces new CEO, pledges return to core business
(DBN)

______________

Aviation:

AMR, pilots agree on language for new labor deal
(DBN)

American Airlines and its pilots’ union reach an “agreement in principle” — familiar territory for both parties
(DBN)

American Airlines to appeal union ruling to U.S. Supreme Court
(DBN)

British Airways Owner IAG Cuts 4500 Spanish Jobs on Profit Fall
(DBN)

SAS, Nearing Bankruptcy , Looks for Solutions to Survive --- In last minute bid to avoid collapse: report --- Norwegian Government Taking Precautions
(DBN)

______________

Brokers:

MF Global's Bankruptcy Auction Features Light Up Bouncy Balls And Rainbow Pens
(DBN)

House panel to issue MF Global report on Thursday
(DBN)

______________

Food/Beverage:

Hostess Closing Bakeries as Workers Won’t Cross Lines --- Hostess workers across the country, go on strike --- Hostess Brands replies to strike announcement --- Hostess bakery walkouts threaten company's future --- Hostess Closes Plants as Workers Strike
(DBN)

KFC franchisee forced to close; sells 14 California stores
(DBN)

Omtron USA LLC Files for Bankruptcy Protection in Delaware
(DBN)

Sutton Fruit & Vegetable, Freshco Foodservice face PACA actions
(DBN)

______________

Celebs:

The Broke and the Beautiful: Bond Edition
(DBN)

'CSI' Star Gary Dourdan Files for Bankruptcy
(DBN)

Toni Braxton, Bankruptcy : Singer's Georgia Mansion Up For Sale
(DBN)

Court approves sale of Martino-owned Denver parking lots
(DBN)

______________

Private Equity:

Federal Court Finds Investment Funds Not Liable for Portfolio Company-Employer’s Withdrawal Liability
(DBN)

______________

Health Care:

Judge Grants Highmark's Request for Injunction Against West Penn
(DBN)

SunLink Health Systems Closes on $2.1M Loan
(DBN)

______________

Mass Torts:

W.R. Grace to pay cash to settle asbestos claims
(DBN)

W.R. Grace to exit 11-year bankruptcy ?
(DBN)

Biloxi Blues: Legal-Cost Fears Have Victims of the Oil Spill Sliding out of the Middle Class
(DBN)

______________

Retailing:

J.C. Penney's stock slump persists --- JC Penney Plunges to New Low after Downgrades --- Time Is Not on JC Penney's Side
(DBN)

______________

Hotels:

Taplin wins battle versus LNR in Sagamore Hotel foreclosure war
(DBN)

______________

Oil/Gas:

Judge rejects SemGroup trustee's suit against Barclays
(DBN)

US the New Saudi Arabia? Maybe --- Here's Why People Aren't Buying The Report About The US Achieving Oil Independence
(DBN)

______________

Ethanol:

South Bend ethanol plant files for Chapter 11 Bankruptcy
(DBN)

New Study: Ethanol costs one million jobs
(DBN)

______________

Education:

Work of PAM's bankruptcy attorney under fire
(DBN)

______________

Corporate Governance:

Delaware Supreme Court Upholds Chancery Decision but Rejects Dicta on Default Fiduciary Duties in LLCs
(DBN)

How Modern Corporate Structure Contributed to the Financial Crisis
(DBN)

______________

Photography:

Kodak Said to Arrange Financing for Bankruptcy Emergence --- Kodak gets life-saving loan of $793 million—if it can sell its patents
(DBN)

Kodak Reaches Financing Deal With Bondholders
(DBN)

Creditors hit out at Kodak funding plan
(DBN)

Kodak Creditors Oppose Extension for Filing Bankruptcy Plan
(DBN)

______________

Autos:

A123 bidding starts soon from as many as four companies
(DBN)

Fiat Must Pay $342 Million for Chrysler Stake, Trust Says
(DBN)

______________

Tobacco:

After tax ruling, Renegade may face liquidation
(DBN)

______________

Publishing:

THQ Defaults Over $50m Credit Facility
(DBN)

______________

Tax:

Swiss Want Progress on US Tax Deal
(DBN)

______________

New Bankruptcy Opinions
(No new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (62 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (25 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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Bankruptcy Fees:

Note for bankruptcy lawyers: Chapter 11 bankruptcy filing fees are about to go up
(DBN)

______________

Disclosure:

Judge: Kodak Didn’t Mislead Market By Keeping Mum on Bankruptcy Prep
(DBN)

______________

Trustees:

Who’s Watching the Watchmen? Ethical Considerations in the Solicitation and Selection of Chapter 7 Trustees
(DBN)

______________

Sanctions:

Sagamore Hotel case: Judge blasts “wasteful” attorneys
(DBN)

______________

Cross-Border:

Narrow Straits: The Limitations of Section 1506 of the Bankruptcy Code
(DBN)

Centrais Eletricas do Para SA Files for Bankruptcy in NY
(DBN)

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Discharge:

Construction trust funds: does failure to pay give rise to a non-dischargeable debt?
(DBN)

______________

Property of the Estate:

Trustee, not debtor, must bring age discrimination suit, 6th Circuit rules
(DBN)

______________

Venue:

Thinking Outside of the Box on Venue
(DBN)

______________

Recoupment:

Recoupment: Eighth Circuit Rejects 'Balancing of the Equities' Test
(DBN)

______________

Litigation:

Judge Peck's Decision Not to Recuse Himself in 'Da Silva Moore' Upheld
(DBN)

______________

Weather:

Frustrated Long Island residents enter day 12 of no power --- Superstorm Sandy: Long Lines, No Power Two Weeks Later --- In Sandy's Wake, State Courts Toll Filing Deadlines for Three Weeks --- These Emails Show How Manhattan Condo Owners Freak Out When They Lose Access To Their Homes --- What NYC's Subway Equipment Looks Like After Getting Brutalized By Sandy --- A Slow Return to Normal for Downtown New York --- Cuomo Said to Seek $30 Billion in US Aid After Sandy --- More dead found nearly 2 weeks after storm --- 'We are living like animals' --- Borough of Queens pushed to the brink --- Nor’easter Complicates Insurance for Sandy-Struck Businesses --- New Jersey Charges Seven Gas Stations and a Hotel With Gouging
(DBN)

Venice Under Water
(DBN)

______________

Municipalities:

On Numbers Economic Index: October 2012
(DBN)

How a vicious circle of self-interest sank California city
(DBN)

Pensions: The Widening Gap
(DBN)

State Bankruptcy Debate Returns
(DBN)

Atwater's bankruptcy threat coming to a close, tax increase possible
(DBN)

Which businesses will JeffCo's sewer rate hike impact the most?
(DBN)

More Jefferson County sewer bondholders ask judge for help in their quest for higher customer sewer rates
(DBN)

After bankruptcy, California city experiments with letting voters make budget decisions
(DBN)

Retiree health care costs could drive Pontiac into bankruptcy
(DBN)

Process to handle a financial emergency in limbo after Prop 1's defeat
(DBN)

Bankruptcy plus violence equals upset
(DBN)

City has millions riding on tough legal call
(DBN)

Altoona: Act 47 plan coming today
(DBN)

Use of the "Emergency Out" in AB 506
(DBN)

______________

Manufacturing:

Metex Manufacturing Files for Bankruptcy for Second Time
(DBN)

_____________

Labor:

Hostess says liquidation possible as labor fight continues
(DBN)

______________

Convenience Stores:

Pumps on Again at PCF Saleco Sites in Albuquerque
(DBN)

______________

Soccer:

Fans try to save Spanish football club Real Oviedo from bankruptcy
(DBN)

______________

Investment Advisors:

Aletheia Research Files for Bankruptcy Protection
(DBN)

______________

Banking:

Thousands of banks may disappear --- Small banks are important
(DBN)

Former Citi CEO Pandit gets $6.7 million for 2012
(DBN)

Why UBS Will Die
(DBN)

Investors of Mile High Banks worried they're left with nothing
(DBN)

Big Accounting Gets Its Turn In The Dock
(DBN)

______________

Hollywood:

Sale of Digital Domain's Port St. Lucie assets could begin Nov. 28
(DBN)

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Steel:

Judge to act on final sale of RG Steel assets
(DBN)

______________

Sovereigns:

Pari Passu Endgames
(DBN)

"A rifle doesn't scare me. But we expected the Argentines to act professionally..."
(DBN)

______________

UK:

Bankruptcy reform may breach human rights
(DBN)

U.S. Firms Face British Grilling on Tax Practices
(DBN)

Top chef David Kennedy bankrupt over £28,500 debt
(DBN)

Taxman’s avoidance and evasion crackdown hits record yield
(DBN)

Bank break-up an option if ring-fence fails: Vickers
(DBN)

______________

EU:

Fears Grow That Euro Will Drag Down Growth
(DBN)

______________

Canada:

Critical Supplier Priority Charges in CCAA Restructurings
(DBN)

______________

PIIGS:

Greek central government budget gap narrows 42% --- Greece will fail to reduce debt to a manageable level by 2020, warns ECB policymaker --- Two more years for Greece to cost 33 bln euros, says troika --- Greece battles to avert default --- Greek Bailout Tranche Still in Doubt --- Is Greek Exit From Euro Zone Unavoidable? --- In Greece, Taking Aim At Wealthy Tax Dodgers
(DBN)

Spain Prime Minister to Halt Evictions Following Suicide --- Wave of Evictions Leads to Homeless Crisis in Spain --- Spanish banks offer freeze on some evictions
(DBN)

ie: One of Nama's most wanted declared bankrupt in UK
(DBN)

______________

Germany:

Economic Sentiment Tanks In Germany
(DBN)

______________

China:

China Exports Exceed Estimates in Sign of Global Pickup
(DBN)

______________

Japan:

Japan's Economy Contracts Again --- Shrinking Japan asks for more of the same
(DBN)

______________

MENA:

What It's Like To Live In Qatar, The Wealthiest Country In The World
(DBN)

______________

Australia:

UK Supreme Court makes it harder to enforce Australian insolvency judgments in the UK
(DBN)

______________

Israel:

Chairman to hand over Ampal to bondholders as debt talks stall
(DBN)

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