November 14, 2012

The Daily Bankruptcy News

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Law:

Associate Bonuses: New York to 50!
(DBN)

McDermott Expands Restructuring and Insolvency Practice
(DBN)

Creditors seek claims against Dewey's former executives --- Creditors Pursue Ex-Dewey Managers, Claim Generous Pay Contracts Were Recklessly Inked
(DBN)

Argentine Bondholders Hire Boies to Fight Holdouts, Nacion Says
(DBN)

Choate Hall, WilmerHale, Simpson Thacher: Business of Law
(DBN)

Morgan on Leucadia, Wachtell, O’Melveny: Business of Law
(DBN)

Argentina Bond Case Attracts Legal Heavies
(DBN)

Former Nixon Peabody Partner Convicted on 10 Criminal Counts
(DBN)

Law Firm Associates and Federal Prisoners: A Comparative Analysis
(DBN)

Best Law Firms for Women Named; Survey Shows Increase in Women Leaders, But No ‘Critical Mass’
(DBN)

Blame It on Big Law—And Maybe Hubby
(DBN)

Top Mobile Use Cases in Law Firms
(DBN)

DLA Piper puts 251 in consultation across UK as firm mulls Glasgow closure
(DBN)

Firm chairman says too many solicitors are “simply not good enough”
(DBN)

Cleary joins Slaughters French ally on Franco-Belgian bailout of Dexia
(DBN)

Multibillion-euro Dexia bailout hands roles to Cleary, Bredin Prat and ex-CC partner
(DBN)

UK: Lawyer salary hikes fall below national average, says survey
(DBN)

One Law Professor Essentially Wants To Do Away With Law School
(DBN)

More About Paul Berman’s Departure From the Deanship at GW Law School
(DBN)

Parent Cites Stepson’s Law School Debt In Suicide Note
(DBN)

Gradenfreude: I Passed the Bar Exam, But I Still Mop the Floors
(DBN)

Top Legal Insider's Tweets Might Crush Your Law School Dreams
(DBN)

Inside a Criminal's Mind: Disgraced Lawyer Marc Dreier
(DBN)

Insurer must defend attorney who admitted error
(DBN)

Who’s Who in the Petraeus Scandal: Broadwell, Kelley, Allen --- Petraeus friends Jill Kelley and Natalie Khawam share financial troubles --- The Socialite In The Petraeus Scandal Keeps Getting Sued Over Massive Debts --- Petraeus' mistress discovered lying low in DC --- FBI Agent Removed From Petraeus Case For Shirtless Photos --- "How I was drawn into the cult of David Petraeus" --- The twin, the generals and the pineapple: more bizarre details in Petraeus scandal --- No Such Thing As An 'Unpaid Social Liaison' --- Jon Stewart Can't Believe He Didn't Catch 'Innuendo After Innuendo' In His Broadwell Interview --- Petraeus Used Email Trick Used By Terrorists To Keep Affair Secret --- Petraeus hoped affair would stay secret and he could keep his job as CIA director --- Another Top General Under Investigation For Up To 30,000 Pages Of 'Potentially Inappropriate' Emails With Jill Kelley ---Gen. John Allen Could Be Court Martialed --- Top Commander in Afghanistan Linked to Scandal --- Jill Kelley: 'I've Done Nothing Wrong. I'm The Victim Here' --- And Now It Looks Like Jill Kelley And Her Husband Ran A 'Cancer Charity' Out Of Their House --- Kelleys' Cancer Charity Went Bankrupt --- Beautiful Twins At Center Of Petraeus Scandal Schmoozed With Elite And Racked Up Millions In Debts --- Jill Kelley Is An "Honorary Consul" Of Korea And Thinks She Has Diplomatic Immunity --- Called Police To Request 'Diplomatic Security' --- Petraeus Could Face Charges --- How Often Do People Have S-- at the Office? --- Paula Broadwell's Emails Weren't Threatening--Just Catty --- Petraeus and Allen helped Jill Kelley's twin sister in bitter custody battle, missing bankruptcy assets
(DBN)

Jill Kelley's Lawyer Is The Go-To Guy For Clients With Huge Sex Scandals
(DBN)

General demoted for lavish travel, spending
(DBN)

Straight Gangsta
(DBN)

Bobdul Johnson - Idea Defender!
(DBN)

New Orleans Prosecutor Demoted In Expanding Scandal Over Anonymous Attacks On Defendant
(DBN)

Man who put cat in tumble drier jailed
(DBN)

The Bizarre Story Of The ‘Marauding Lawyers’
(DBN)

Husband's Lack Of Interest In Recreating 50 Shades Of Grey Scenarios Straw That Broke The Camel’s Back For Banker
(DBN)

Man Is Jailed for Charging Cellphone In Park Picnic Area of City That Offers Free Charges for E-Cars
(DBN)

Say What?!
(DBN)

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Judges:

Bankruptcy Judge Cristol Laments Loss of Trees Due to Lawyers' "Show of Force"!
(DBN)

Sonia Sotomayor Goes On Sesame Street And Ruins Every Little Girl's Dream
(DBN)

Crushing and Uneven Workload Found for Federal Judges
(DBN)

Phila. Judge Accused of Misrepresenting His Qualifications Is Suspended with Pay
(DBN)

Lower courts Obama's best shot at legal legacy
(DBN)

Southern District Bankruptcy Court Reopens
(DBN)

She Did The Crime, She Holds the ‘Idiot’ Sign as Others Honk and Jeer re Illegal School Bus Pass
(DBN)

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Wall Street:

Stock index futures signal early rebound
(DBN)

US Stocks Fall as Budget Debate Concern Erases Rally
(DBN)

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

"Congratulations, you've become a Goldman Sachs partner"
(DBN)

Wall Street Damps Pay Outlook on 2011 Bonus Shock
(DBN)

Under New Rules, Goldman Ponders a Leaner Future
(DBN)

Goldman Is Looking Forward To Making Less On Standardized Derivatives So It Can Make Much More On Non-Standardized Derivatives
(DBN)

Wall Street bracing for capital gains tax hikes
(DBN)

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Layoffs:

The 'Obamacare Layoffs' Are Overblown
(DBN)

Fewer Unemployed Per Job Opening
(DBN)

Employment recovery and wage decline: in 2012, 33% of displaced workers took jobs that paid at least 20% less
(DBN)

U.S. Workers Least Happy With Their Work Stress and Pay
(DBN)

CEO who warned of layoffs if Obama re-elected gives raises instead
(DBN)

Robots Are Behind The Last Three Jobless Recoveries
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Reform:

Wall Street prepares to face the music
(DBN)

Raj Date To Exit CFPB In January
(DBN)

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Retailing:

Attention, Kmart Shoppers: Flat-Line Special
(DBN)

A Dose of Realism for the Chief of J.C. Penney --- Why J.C. Penney's Quarterly Loss Could Be A Win
(DBN)

Fitch lowers JC Penney two notches
(DBN)

Apple Stores Are Trouncing Everyone, Including Tiffany
(DBN)

Best Buy's new CEO outlines turnaround plan
(DBN)

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Awards:

Rich Levin Receives Bankruptcy Judges' Excellence in Education Award
(DBN)

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Finance:

Covenant-lite loans reach new level of acceptance in hot 2012 market
(DBN)

High yield bond volume soared in October as annual volume hits record
(DBN)

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Pensions:

IRS Final Regulations Allow Pension Plan Sponsors in Bankruptcy to Eliminate Prohibited Payment Options
(DBN)

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Autos:

Miami executive Joseph Luzinski to oversee bankruptcy of Toyota dealership
(DBN)

______________

Mutual Funds:

Mutual fund bankruptcy comes amid industry woes
(DBN)

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Shipping:

OSG - A lot of Questions.
(DBN)

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Economy:

BofA Chief Moynihan Says Fiscal Cliff Already Hurts Economy --- Barack Obama's Opening Offer --- Fiscal Cliff: Let's not make a deal --- The economy (probably)can't survive a short dive into austerity crisis --- 'Fiscal cliff' deal would limit deficit reduction --- How Will 'Fiscal Cliff' Hurt You? Depends What You Earn --- Who Might Win in This Whole 'Fiscal Cliff' Business? --- Fix the 'Cliff' and ‘Ton Of Cash’ Gets Freed Up: El-Erian --- If Entitlement Programs Are Your Top Priority, the Fiscal Cliff Is Your Friend
(DBN)

Moody’s Analytics Expects Fiscal Cliff Deal
(DBN)

Curbing tax breaks: Does the math add up?
(DBN)

Geithner warns against delaying solution to fiscal crisis
(DBN)

The Tax Issue Wall Street Absolutely Hates To Talk About Is Rearing Its Ugly Head Again
(DBN)

28 Million Americans Could Be Hit By This Unintended Tax Hike, The IRS Warns
(DBN)

Budget deficit rises to $120 billion in October --- US Debt From 1790 To 2011
(DBN)

The White House Is Hosting A Big Fiscal Cliff Meeting And Wall Street Isn't Invited
(DBN)

US distress ratio stays at 10.6 pct in October
(DBN)

Yesterday, Fed Governor Janet Yellen Revealed The Fed's Next Move
(DBN)

Small-Business Optimism Stays Steady --- Index Nearly Flat as 'Fiscal Cliff' Looms --- Small businesses remain pessimistic about economy
(DBN)

Global Economic Growth Seen Slowing
(DBN)

Economic Confidence Continues to Improve in November
(DBN)

Great Graphic: Fiscal Cliff
(DBN)

Is $250,000 a Year Rich? Let's Break It Down
(DBN)

The biggest obstacle to tax reform? You.
(DBN)

Don’t Expect Lower Oil Prices Even as U.S. Output Surges --- Independence In Energy Not A Free Lunch For America
(DBN)

Rough economy is crushing millennials
(DBN)

Bernanke's successor could have hands tied
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage Delinquency Rate Drops
(DBN)

Report: Single-Family Rental Demand Is Outstripping Supply --- CoreLogic: Rising house prices linked to rental demand
(DBN)

Fewer Californians Can Afford Single-Family Housing
(DBN)

Home Depot Raises Outlook as Housing Market Improves
(DBN)

Why Millionaires And Celebrities All Flock To The Same Famous Buildings
(DBN)

Hovnanian: 'Fiscal Cliff' Puts Housing Recovery at Risk
(DBN)

The Most Diverse Zip Code In America
(DBN)

Mortgage industry watches Congressional, CFPB leadership changes closely
(DBN)

Blue-collar vacation-home dreams in Michigan fade with auto jobs
(DBN)

Commercial mortgage originations down, prices up
(DBN)

Lender Refuses To Foreclose: Court Orders Quitclaim of Surrendered Property
(DBN)

Commercial real estate in the US remains an attractive asset class in which to invest, even though its future prospects are less than clear
(DBN)

If A Starbucks Opens In A New Neighborhood, It's Time To Buy A Home There
(DBN)

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Politics:

The Quiet Campaign Against Elizabeth Warren
(DBN)

______________

Fraud:

BNY's Ivy Settles New York's Madoff Lawsuit for $210 Million
(DBN)

Book Review: An Intriguing First-hand Tale of Bernie Madoff's Victims
(DBN)

Bartender, Dog Walker to Judge Level Global Co-Founder at Trial
(DBN)

______________

Aviation:

US Airways Said to Detail Merger Plan to AMR Creditors
(DBN)

Fees and expenses top $200 million in AMR
(DBN)

Chamber refutes airline on HQ loss in AMR merger
(DBN)

Pilot Shortage Looms for Airlines
(DBN)

Pinnacle strikes deal with Delta, giving it more time to file reorganization plan
(DBN)

Diageo deal could pull Kingfisher from the brink
(DBN)

______________

Student Debt:

It's No Wonder Military Servicemembers Make Such Easy Prey For Student Lenders
(DBN)

______________

Telecoms:

The true cost of sending a text message
(DBN)

______________

Banking:

A look at Vikram Pandit's golden parachute from Citi
(DBN)

______________

Food/Beverage:

Hostess’ reprieve in Philly
(DBN)

Union: Don't blame us for Hostess plant closings
(DBN)

Report: Upper Crust shuttering many local stores
(DBN)

______________

Municipalities:

Harrisburg Ex-Receiver Calls for Ban on Muni-Swap Deals
(DBN)

Harrisburg debt hearings conclude after second day of testimony
(DBN)

Atwater sidesteps bankruptcy , but cash woes not over
(DBN)

Why Cities Go Bankrupt
(DBN)

When States Go Broke
(DBN)

The States With The Highest Taxes
(DBN)

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Health Care:

Moody's downgrades West Penn Allegheny on likelihood of bankruptcy
(DBN)

Highmark, West Penn Allegheny enter new merger talks
(DBN)

UC San Diego to Close Rescued Nevada Cancer Institute After Less Than 1 Year
(DBN)

Undeterred by Clare Bankruptcy, Franciscan Sisters Seek More Bond Financing
(DBN)

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Religion:

Rev. Schuller struggles on witness stand
(DBN)

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Distressed Investing:

Are You A Financial Services Company Stuffed To Gills With Toxic Assets And/Or On The Verge Of Bankruptcy? Don’t Hold Your Breath For Brian Moynihan’s Call
(DBN)

Which Stocks Did 'King of Bankruptcy ' Wilbur Ross Downsize in Q3?
(DBN)

Wilbur Ross on PE, dividend recaps and leverage levels
(DBN)

Hesperia's 9850-acre Rancho Las Flores sold
(DBN)

______________

Coal:

Fitch cuts ratings for Arch Coal
(DBN)

Officials to meet with Patriot miners
(DBN)

______________

Video Games:

Wells Fargo Refuses to Discuss ‘Secret’ Cash from Curt Schilling’s 38 Studios
(DBN)

______________

Brokers:

DeWaay Financial closing its doors
(DBN)

Undisclosed Bankruptcies,Tax Liens and Judgments Derail Stockbroker
(DBN)

Activists in MF Global case refuse to be ignored
(DBN)

______________

Celebs:

End of Martino bankruptcy could be early Xmas gift
(DBN)

NFL Star Owes It Money, Lender Says
(DBN)

Brandi Glanville Broke?
(DBN)

Seven Celebs Sired By Lawyers
(DBN)

______________

New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (45 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (19 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:

The Bankruptcy Files: I-Banks, Consulting Firms, Bowling, and Poultry
(DBN)

International Restructuring NewsWire
(DBN)

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Bankruptcy Statistics:

OC bankruptcies declined 27% in Sept.
(DBN)

Business-related bankruptcies drop in NM
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Recent Pleadings:

Delta Petroleum Post-Confirmation Trust Challenges Akin Committee Fees, Says Firm Threw Too Many Bodies At Short, Uncomplicated Engagement
(DBN)

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DIP Finance:

Kodak secures new DIP loan
(DBN)

______________

Cross-Border:

Clarifying COMI: locating a debtor's centre of main interests
(DBN)

______________

Classification:

Eastern District Holds Existence of Personal Guarantee Is Insufficient Basis to Separately Classify Deficiency Claim from General Unsecured Claims
(DBN)

______________

Weather:

Some Sandy-damaged Manhattan office buildings to reopen soon --- Volunteer Florida man beaten in NY after helping to restore power --- Hurricane Clothing donations end up on sidewalk --- Sandy showed need for estate planning for pets --- Boss of NY Utility Panned for Sandy Response Quits --- Refugees Grapple With Hotel Living --- Sandy's Death Toll Proves to Be a Judgment Call
(DBN)

______________

Insurance:

MBIA shares fall as BofA makes bond offer
(DBN)

______________

Jubilee:

Occupy Wall Street Activists Buy Up Debt to Abolish It
(DBN)

The deliciousness of Rolling Jubilee
(DBN)

______________

Bowling:

AMF Bowling Seeks Bankruptcy Protection for Second Time --- Nets $50M DIP
(DBN)

AMF's Bankruptcy Spares Bowlers
(DBN)

______________

Consultants:

Monitor and Deloitte: Exploring Cultural Synergies and Differences
(DBN)

Monitor's end
(DBN)

Monitor Group warns that it could lay off 235 people; says Deloitte
(DBN)

______________

Non-Profits:

Tax-Exempt Firm Gets $600 Million Profit Flying First Class
(DBN)

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Accounting:

Going Concern Is Management’s Job: FASB
(DBN)

______________

Debt Collection:

Court releases debt collection agency's 'vicious' recordings
(DBN)

Indentured Servitude Abetted by Loan Firms
(DBN)

______________

Electronics:

Panasonic prepares for "garage sale", to axe 10,000 jobs
(DBN)

______________

Education:

Judge approves auction for bankrupt Lon Morris
(DBN)

______________

Gambling:

Sandy takes toll on Atlantic City casinos' business: layoffs , furloughs
(DBN)

______________

Sovereigns:

Argentina To Ghana: Forget Paul Singer And Give Us Our Boat Today, Or Else --- Argentine crew prevents Ghana from moving ship --- UN asked to free bond boat
(DBN)

Argentina's President Is Making Great Political Theater Out Of Paul Singer Seizing The Country's Naval Ship --- Paul Singer corners Argentinian President Cristina Fernandez
(DBN)

Singer-Argentina Feud Hurts Bond Yields
(DBN)

Argentine debt vultures win big, but have they broken sovereign investment?
(DBN)

The Argentine Ambassador To The U.S. Wrote A Defiant Open Letter To Paul Singer
(DBN)

Argentina seeks US appeals court rehearing on debt ruling
(DBN)

Argentina's GDP Warrants Sink as Holdout Case Rattles Nerves
(DBN)

______________

UK:

Bank of England cuts UK growth forecast for 2013
(DBN)

Administration could be just around the corner for Scottish football clubs
(DBN)

Britons mulling payday loans jumps 50pc
(DBN)

Top British companies have overpaid billions in tax: EU Court
(DBN)

Failing firms figure 'false'
(DBN)

Zombie Companies are killing the economy
(DBN)

______________

EU:

Christine Lagarde And Jean-Claude Juncker Visibly Clashed During A Press Conference On Greek Debt
(DBN)

European Banks Still Hoarding Money
(DBN)

In Europe, Green Energy Takes a Hit From Debt Crisis
(DBN)

Divisions overshadow Europe’s plan to control banks
(DBN)

Anti-austerity strikes sweep southern Europe
(DBN)

______________

PIIGS:

Euro Needs More Than Political Will on Greece --- IMF, Euro Zone Take Sides Over Greece --- Panic and anger over Greek bailout delay --- Greek economy shrank by 7.2 pct in Q3, pointing to worse than expected recession --- Greece warns of 'very high risk of default ' --- Greece Needs Another 80 Billion Euros: Goldman Sachs --- The Euro Is Flashing Red on Greece Worries --- Greece says bail-out will put 'drachmaphobia' to rest --- Greece's creditors should take a haircut --- Markets roiled by Greek bailout delay --- Greek Employment May Vex Troika --- IMF Chief Christine Lagarde splits with EU ministers over Greek debt crisis as country secures £3bn in short-term funding --- Greek Mayors Rebel Against Public Layoffs
(DBN)

Huge strikes shut down everything in Spain --- Spain: Grupo Rayet files for bankruptcy --- Catalonia Would Consider Independence Outside EU, Official Says
(DBN)

______________

Canada:

Canada pushes back date for wiping out budget deficit
(DBN)

______________

Croatia:

IMF Survey: Croatia Needs Further Fiscal Efforts, Structural Reforms
(DBN)

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Mexico:

Finances go loco down in Acapulco
(DBN)

_____________

MENA:

Kuwait's Global says three creditors reject $1.7 bln restructuring
(DBN)

 

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Copyright 2012