November 19, 2012

The Daily Bankruptcy News

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Law:

Law Firms Are Taking Drastic Measures Just To Keep Their Heads Above Water
(DBN)

Law firm leaders weigh recovery strategies at conference
(DBN)

Wells Fargo Law Firm Survey: Existing off short-term debt not good
(DBN)

Dewey & LeBoeuf creditors pull no punches
(DBN)

Growth is Dead: Part 12-The S-Curve
(DBN)

Kirkland, Gibson Dunn, V&E, Drinker: Business of Law
(DBN)

Mayer Brown Names New Bankruptcy Partner --- Matthew V. Wargin
(DBN)

Summer Hiring Reflects Sluggish Demand at Most Bay Area Firms
(DBN)

The Wilmer Connection - The Obama administration has a small army of former partners from the firm holding senior jobs
(DBN)

As Hostess Slides Toward Oblivion, Lawyers Snack On the Remains
(DBN)

Norton Rose Fulbright to target Brazil and Mexico when merger goes live
(DBN)

Norton Rose Fulbright to adopt aligned compensation systems
(DBN)

Pay is Up for In-House Lawyers --- GC pay rising faster than that of other top executives
(DBN)

Still Carrying the Torch - She had to give up competitive riding to do it, but the Olympics GC has no regrets
(DBN)

Case Dismissed - An in-house lawyer recounts her criminal trial, and talks about what she learned
(DBN)

Dé-Làw Vu: Insider Trading’s Trip Down Memory Lane
(DBN)

Refco Lawyer Convicted Of Criminal Charges – Again
(DBN)

Midsize is middling when it comes to diversity
(DBN)

Lame Tech - Embarrassing Gadgets And Apps You Should Stop Using
(DBN)

The Evernote of the Legal Industry
(DBN)

Howrey Estate Settles Dispute With SAP
(DBN)

Lawyerly Lairs: Two Kitchens, One Couple (Or: An actress turned lawyer’s uptown abode.)
(DBN)

Managing Your Biggest Client — Your Boss
(DBN)

The truth about work-life balance
(DBN)

Lawyer Beats Astronaut In Survey Of Childhood Dream Jobs
(DBN)

Five Steps to Delivery of a Written Assignment
(DBN)

Spot and Reject the Unwanted Client
(DBN)

Get advice and service right, and price becomes less important – major survey of client needs
(DBN)

California Law Students At ABA-Accredited Schools Blew Their Bar Exam Competition Out Of The Water
(DBN)

Law School Transparency: Something fishy
(DBN)

Law schools brace for 'Fisher' ruling
(DBN)

Another Drop in LSAT Takers
(DBN)

This Prescient Report Shows Law Grads Were Mad About Their Debt ... In 1995
(DBN)

Reluctant Warrior: Rare Bankruptcy Professional-Malpractice Case Filed
(DBN)

Not Making Partner: Not big enough trauma to truly absorb lessons of resilience
(DBN)

Breaking down the boundaries of business and law
(DBN)

There May Be A Serial Killer On The Loose Targeting Brooklyn's Middle Eastern Merchants
(DBN)

Family Lawyers Object to New Pro Se Divorce Forms Approved by Texas Supremes
(DBN)

Lawyer Charged With Using Power of Attorney to Murder Her Well-to-Do Dad Loses Will Fight
(DBN)

New York Prosecutor Admits To Being A 1970s P--- Star
(DBN)

Lawsuit of the Day: Texas Lawyer Argues That Minorities Were Too Stupid To Understand Ballot Initiative They Just Passed
(DBN)

Heartbroken law graduate: "The one thing I won't miss is him having a go at me"
(DBN)

New 'Lincoln' Movie Gets Great Reviews, Focuses on Enactment of 13th Amendment
(DBN)

Law School Is Good Training for Novelists, Lawyer-Authors Say
(DBN)

Wisconsin Legislators Want To Arrest Any Federal Officials Implementing Obamacare
(DBN)

"The Good Wife" - Judge Creary relapses
(DBN)

Public nudity ban eyed in fed-up San Fran
(DBN)

Say What?!
(DBN)

______________

Judges:

Samuel Alito Quoted Nicole Richie While Speaking To A Crowd Of Conservatives
(DBN)

Supreme Court justices as after-dinner speakers
(DBN)

Chief Justice Roberts travels with South Texas College of Law again
(DBN)

Gargotta named to S.A. bankruptcy bench
(DBN)

The judicial vacancy crisis
(DBN)

Meet Leo Strine, the Judge Fighting to Uphold Delaware’s Corporate Fairness Reputation
(DBN)

Federal Judge: Goodyear, Lawyers Must Pay Plaintiff’s Legal Fees, Provide Sanctions Order to Others
(DBN)

Judge Tells Drug Trafficking Defendant He Can’t Have Another Joint ‘For Old Time’s Sake’
(DBN)

Tension Nothing New Between Del. Chancery, Supreme Court
(DBN)

Benchslap of the Day: A Public Shaming Is Great Motivation to Brush Up Your Legal Writing
(DBN)

______________

Wall Street:

Stocks poised for higher open
(DBN)

Stocks close higher as budget talks progress
(DBN)

Roubini: The 6 Reasons The Stock Market Has Been Tanking
(DBN)

Goldman: Stocks Will Plunge Another 8% In The Final Weeks Of The Year
(DBN)

______________

Layoffs:

Laid-off Hostess workers face tough job market
(DBN)

Hostess Brands Says It Will Close, Fire All 17,780 Unionized Workers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Ethanol:

US defends ethanol mandate, says doesn't harm economy
(DBN)

______________

Food/Beverage:

Hostess Brands: Twinkies maker to close permanently --- Hostess Brands will sell its hardware, software and intellectual property in liquidation --- Hostess to ask court to sell assets --- Liquidating Hostess could take years, expert says --- Hostess Seen Attracting Bids for Assets From Flowers --- Twinkies May Vanish as Union's Brinkmanship Shuts Hostess --- A Sour Bite of Reality for Workers --- Bakers Union: Hostess Would Have Died Years Ago If It Weren't For Us --- Hostess Workers: Jobs Not Worth Saving --- Hostess workers: From fear to acceptance --- Did Congress Kill the Twinkie? --- Workers and Managers Both Killed Twinkies --- Vulture Capitalism Ate Your Twinkies --- Union: 'Bain-style' killing of Twinkie --- Who's to Blame for the Hostess Bankruptcy? --- At Hostess, culture of confrontation trumped economics and common sense --- Striking Hostess Union Responds To Closure: ‘Dignity, Justice And Respect’ --- Twinkie Blame Game Turns Political --- What's next for Twinkies maker Hostess Brands? --- Hostess liquidation expected to draw hungry buyers --- Hope for Twinkies, thanks to possible buy out ---Is The Twinkie Moving To Mexico? --- Hostess shutdown sparks grief, Twinkie runs, criticism --- Hostess liquidation plans blow up Twitter --- 10 Funniest Twitter Responses --- Hostess died a long time ago — a little perspective --- Ebay bidders go crazy for Twinkies merch --- Hostess CEO says it's 'too late' for bakers union to avoid shutdown --- Hostess CEO Tells Employees He's Selling the Company --- The End of the Twinkie Era — Who is to Blame? --- Former Hostess Twinkies CEO tripled salary to $2.5m before bankruptcy --- Rush Limbaugh blames Obama for demise of Twinkies --- Debt, diet and disarray led Hostess to fail --- Fox Ignores Hostess' Array Of Troubles
(DBN)

A run on Twinkies and other Hostess goods in Minn.
(DBN)

How Hostess's Project to Twinkieize Bread Crippled the Company
(DBN)

Twinkies' Hostess Brand May Die, But The Iconic Snack Cakes Never Will --- America Stocks Up for Twinkiepalypse --- Shoppers grab Twinkies, as they go for $100 on eBay --- 12 Things You Didn't Know About The Beloved Snack --- Stars Sound Off About the Possible Demise of the Twinkie --- Chris Christie's Reaction To A Question About Twinkies Was Just Perfect --- How Long Twinkies Really Last
(DBN)

Defunct Slaughterhouse Owners Settle Claims Over Beef Recall
(DBN)

______________

Corporate Reform:

SEC drops lawsuit against executive in financial crisis case --- Another Fumble by the SEC
(DBN)

The BP Prosecutions Show A New Strategy For The Justice Department
(DBN)

Wall Street’s Great Scapegoat Hunt
(DBN)

The Justice Department got caught fudging its numbers on financial fraud prosecutions -- again
(DBN)

______________

Coal:

Patriot Coal Announces Proposed Selenium Settlement
(DBN)

____________

Celebs:

The Broke and the Beautiful: CSI Edition
(DBN)

Jill Kelley sends furious email to Tampa mayor --- Who is the Real Jill Kelly? ---Petraeus hires media powerhouse lawyer Bob Barnett --- The fall of David Petraeus
(DBN)

The Kardashian sisters' business ventures keep getting them sued
(DBN)

Michael Jackson: The billion dollar shopping spree that killed global icon
(DBN)

______________

Brokers:

Big Boss Man
(DBN)

______________

Politics:

40 Engineers Worked 14-Hour Days, 7 Days A Week To Get Obama Reelected
(DBN)

A Farewell To Arms: Ending The Phony Filibuster
(DBN)

Romney Already Tossed Over by GOP
(DBN)

______________

Economy:

Industrial Production in US Drops 0.4% on Sandy Effect
(DBN)

Rents, Food Prices: Americans Paying More
(DBN)

Survey: US Expected to Regain 9M Jobs
(DBN)

Obama, Congress leaders meet to avert "fiscal cliff" --- Obama Meeting Highlights Big Shift in Tone
(DBN)

For Obama, Even in Thailand, No Escaping Fiscal Cliff
(DBN)

Pelosi: Too Much at Risk to Go Over the Cliff
(DBN)

Debt ceiling may collide with fiscal cliff
(DBN)

Here's What The 'Fiscal Cliff' Tax Deal Is Starting To Look Like
(DBN)

US Tax Breaks Worth $150 Billion Face the Axe
(DBN)

To understand the fiscal cliff, you have to understand capital gains and dividend tax rates
(DBN)

The Real Reason The Fiscal Cliff Is Such A Huge Deal
(DBN)

Greenspan: Recession 'small price to pay' to fix debt
(DBN)

Morgan Stanley: The Solution To The Fiscal Cliff Will Be Another Fiscal Cliff
(DBN)

White House’s Deficit Test: Finding a Bipartisan Bloc
(DBN)

Higher Taxes the Easier Way
(DBN)

In 6 Weeks, A New Dividend Tax Will Smack Rich People Upside The Head
(DBN)

Bernanke: Banks' tight standards hurting economy
(DBN)

David Walker: Fire and Brimstone on Debt
(DBN)

The Federal Reserve To Conduct Stress Tests Assuming 12% Unemployment
(DBN)

The Era Of Cheap Food Is Over
(DBN)

Shadow Banking Grows to $67 Trillion Industry, Regulators Say
(DBN)

Why Has The Recovery Been So Sluggish?
(DBN)

Economic Mobility Increasingly Hard
(DBN)

Majority of Americans not willing to borrow money
(DBN)

The wit and wisdom of Warren Buffett
(DBN)

The Countries With the Most Generous Unemployment Benefits
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Wall Street Kept Winning on Mortgages Upending Homeowners
(DBN)

What’s Up With “Independent Foreclosure Review”: Boondoggle for Consultants and More Foot-Dragging by Servicers
(DBN)

A bailout for the FHA ? --- FHA unveils steps to shore up cash --- Obama administration officials hopeful FHA can avoid a bailout --- Don't Be Fooled by the FHA 'Bailout' Hysteria
(DBN)

RE/MAX: October Home Sales Up 5.4%
(DBN)

Federal Reserve Chair: Discriminatory Lending Made Housing Crisis Worse For Minorities
(DBN)

Big Banks Allege Brazen Rental Scam
(DBN)

Race and the Housing Bubble
(DBN)

IKB Sues Morgan Stanley Over $147 Million in Bonds
(DBN)

MBIA claims could cost BofA well over $4 billion in rescission damages
(DBN)

Bank of America escalates MBIA blood feud
(DBN)

JPMorgan, Credit Suisse Settle SEC Mortgage Inquiries --- Whose brainpower is behind the SEC's cases vs JPM, Credit Suisse?
(DBN)

Death of the McMansion Has Been Greatly Exaggerated
(DBN)

____________

Retailing:

Sears stock plunges more than 15% --- Sears Has Everything (But Profits)
(DBN)

13 Cents of Every Retail Dollar Spent at Gas Stations
(DBN)

Kmart's Days Might be Numbered
(DBN)

Wal-Mart fights back as workers plan Black Friday strikes
(DBN)

Shoppers get paid to wait in line for Black Friday deals
(DBN)

______________

Electricity:

Bankrupt electric co-op trustee seeks more time
(DBN)

______________

Skiing:

Defunct Park Rapids ski area may become long-term treatment center
(DBN)

______________

Golf:

Etowah Valley Country Club Files Bankruptcy
(DBN)

______________

Media:

Tribune May Get Last Approval Needed to Exit Bankruptcy
(DBN)

Tribune gets key FCC clearances
(DBN)

Reports: Peter Liguori To Be Named CEO Of Tribune
(DBN)

______________

Autos:

2 years after IPO, GM is piling up cash
(DBN)

______________

Municipalities:

Is a Turnaround on the Horizon for Local Governments?
(DBN)

Former DCED Secretary: Harrisburg needs debt concessions or bankruptcy
(DBN)

Will city, state go the way of Hostess Twinkies?
(DBN)

Court: Jefferson Co. won't have to reimburse $100M
(DBN)

Michigan court rejects emergency manager law challenge
(DBN)

Bankrupt Alabama county's leaders report headway toward deal
(DBN)

Legalized Pot Is Expected To Be Huge For Washington And Colorado Tax Revenue
(DBN)

Poverty rate, food stamp use rising in NYC
(DBN)

Taxpayers Face Bailout Of Casino Industry
(DBN)

US Mayors Concerned About Fiscal Cliff
(DBN)

______________

IP:

LucasFilm Moves to Protect Patent Agreement with Digital Domain
(DBN)

______________

Pensions:

PBGC deficit hits record at $34 billion
(DBN)

______________

Hotels:

Historic Harrison Hotel Becomes Property Of Bank
(DBN)

Investment Group Plans Cash Out on Extended Stay
(DBN)

15 Hotels For The Trip Of A Lifetime
(DBN)

______________

Mass Torts:

Big Mesothelioma Verdict Thrown Out Over Expert
(DBN)

I'll believe corporations are people when Texas executes one
(DBN)

Before Record-Breaking Settlement, Big Law Firms Helped BP Raise Cash BP's other victims are its shareholders --- Liabilities and litigation litter BP road to closure
(DBN)

NFL-Retirement board paid millions as league denied brain risks
(DBN)

______________

Fraud:

Stanford Receiver Sues Greenberg and Hunton Firms, Says Lawyer’s Work Helped $7B Ponzi Scheme
(DBN)

Ex-Refco Lawyer Guilty of Aiding $2.4 Billion Fraud
(DBN)

James W. Faber, Self-Described Fraud Fighter, Accused of $2 Million in Fraud
(DBN)

23-Year-Old Son of Bernard Madoff's Accountant Commits Suicide
(DBN)

______________

Awards:

TMA Announces Carl Marks Student Paper Competition Winners
(DBN)

______________

Protests:

Occupy's New Offshoot Set to Cancel Millions in Medical Debts
(DBN)

______________

Banking:

Hometown Community Bank, Georgia, Closed By Regulators
(DBN)

10 million Americans have no bank accounts
(DBN)

______________

Lehman:

Lehman Brokerage's Deal with Swiss Holdout OK'd
(DBN)

Man Group sells Lehman claims
(DBN)

Citi agrees to settle $1bn Lehman collateral dispute
(DBN)

______________

Telecoms:

FiberTower plans to cut service to major wireless carriers
(DBN)

______________

Health Care:

“Ripple Effect” of Distressed CCRCs: Sector Under Increased Scrutiny
(DBN)

______________

Consumer Finance:

Occupy's Plan For Destroying The Payday Lending Industry
(DBN)

______________

Corporate Governance:

No Delaware Jurisdiction Over Manager of Delaware LLP
(DBN)

A Change in Carrots, Without a Stick
(DBN)

Governance in Financial Distress and Bankruptcy
(DBN)

______________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (34 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

Bankruptcy Week Ahead
(DBN)

______________

Bankruptcy Statistics:

Surge seen in bankruptcy filings since election day
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Claims Trading:

Armor-Plated Agreements – Second Circuit Protects Risk Allocation in Bankruptcy Claim Trader’s Contract
(DBN)

______________

Recent Pleadings:

Filene's Blasts Cushman Termination Fee Application, Says Broker Misinterprets Engagement, Wants Too Much
(DBN)

_____________

Trustees:

Who Can Appeal the Appointment of a Trustee?
(DBN)

______________

Pensions:

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

______________

Litigation:

Judge Could Not Invoke Inherent Authority to Sanction Firm for Prelitigation Conduct
(DBN)

Law Firm E-Discovery Reaches Crossroad
(DBN)

E-Discovery Profits: Drawing Blood From a Stone?
(DBN)

______________

Weather:

New York cracks down on price-gouging in Sandy's aftermath --- Sandy's Effects Linger for Owners of Wrecked Cars --- Economic Data Confirms Hurricane Sandy Was Worse Than We Thought--- One Picture Tells You Everything You Need To Know About The Economic Data Released This Week --- Insurance Lawyer: Very Limited Coverage for Hurricane Sandy --- New York warns Wells Fargo about Sandy mortgage delays --- Battered Rockaways Need Good Lawyers --- Partner of Small NYC Law Firm Wonders When Phone Service Cut Off by Sandy Storm Will Be Restored --- Sandy Rebuilding Efforts Boost Lowe's Sales --- Extreme Weather Hits Poor, Middle Class in U.S. the Hardest --- More Businesses Seek Government Flood Insurance After Sandy --- Pa. chain blames Sandy for gas shortage --- Fuel rationing in New York City extended through Friday --- While New Jersey Residents Suffer, Governor Christie Goes on Saturday Night Live --- Aid pours into N.J. as many residents still struggle to stay warm --- Foreclosure mess awaits states hit by Sandy
(DBN)

______________

Jubilee:

Occupy Wall Street's Rolling Jubilee: Your questions answered
(DBN)

______________

Labor:

Going Broke? Not Until You Pay Me - How to minimize your company's employee liability risks in bankruptcy
(DBN)

Beyond Twinkies: Why More Are Striking
(DBN)

______________

DebtCollection:

When District Attorneys Become Bill Collectors
(DBN)

______________

Aviation:

Pilots Board Sends AA Deal In Principle To 8,000 Members --- American's Pilot Leaders Approve Member Vote on New Deal
(DBN)

APA president tells members why he’ll vote yes for new contract
(DBN)

US Airways pilots want to find out what’s going on in merger discussions
(DBN)

Other unions want to know if their ‘me-too’ clauses will result in better AA contracts
(DBN)

‘We’re tired of waiting,’ USAPA president says in explaining why the union wants info about AA-US talks
(DBN)

20,000 Apply for Attendant Jobs at America
(DBN)

Pilots Await Word on Secret Pinnacle Contract Ruling
(DBN)

Pinnacle Airlines Pilots Respond to Bankruptcy Judge's Ruling
(DBN)

TSA stops, jails man with 'strange watch' at airport
(DBN)

'Intense' talks between owners, unions at SAS go down to wire --- SAS in talks while staff prepare for bankruptcy
(DBN)

Airline SAS aims for final union deal in survival fight --- SAS Secures Pilot Backing for Cuts as Deal Deadline Expires --- SAS shares take off as union talks continue
(DBN)

Synergy Weighs Price for TAP Before Deadline
(DBN)

______________

Finance:

GM Expected to Announce $4 Billion Ally Deal Monday
(DBN)

______________

Steel:

USW files objection in US Bankruptcy Court opposing RG Steel plan
(DBN)

______________

Alternative Energy:

A123 Got $1 Million US Grant Day It Filed Bankruptcy
(DBN)

Issues at Rocky Mountain Innosphere hinted to Abound Solar's collapse
(DBN)

_____________

Skiing:

Bankruptcy court to consider rules for proposed sale of Wisp ski resort
(DBN)

______________

Personal Finance:

Avoid Buying These Items On Black Friday
(DBN)

Skip the Chaos and Do a Black Friday Spending Fast on November 23, 2012
(DBN)

______________

Sovereigns:

This time Argentina gets the shot across the bow . . .
(DBN)

Argentina asks US judge to wait for bond dispute appeal
(DBN)

Argentina legal fight heats up
(DBN)

Argentina won't pay holdout bondholders
(DBN)

The President Of Argentina's Next Fight Could Be With None Other Than The IMF's Christine Lagarde
(DBN)

Argentina Won’t Evade Orders in Bond Case, Official Says
(DBN)

Argentina plays ball with US courts, but hasn’t lost its fight
(DBN)

Argentina Bonds Fall & Default Risk Rises As Debtholders Await US Court Decision
(DBN)

Friends…don’t let friends leave the Republic of Argentina to litigate the sovereign debt trial of the century
(DBN)

______________

UK:

Bankruptcy Tourists
(DBN)

Faulty implant firm plunges into bankruptcy
(DBN)

FSA tells banks to claw back bonuses
(DBN)

Cable condemns corporate tax avoidance
(DBN)

Deloitte administrators to close 41 Comet stores
(DBN)

Revenue chases big rise in missing taxes
(DBN)

______________

EU:

Frankfurt Split Shows Euro Tension Over Banking Union
(DBN)

Eurocrats Fight Austerity for Themselves
(DBN)

______________

PIIGS:

Greece passes last-minute budget decrees to appease lenders --- ECB's Asmussen sees Greek aid deal covering two years --- Merkel's day of reckoning as taxpayer haircut on Greece looms --- The Curse Of The 'Irreversible' Euro --- Privatizing Greece, Slowly but Not Surely --- Commissioners to be assigned to keep strict control over banks --- House price decline accelerates --- Greece will eventually need another haircut, Bundesbank chief says --- Greek haircut only in 'extreme' case: bailout chief --- Asmussen hints at third Greek program --- Lagarde says Greek program should be "rooted in reality" --- Greek New Orders Index in Industry fell 11.4 pct in September --- Greek current account shows surplus in September, for third consecutive month
(DBN)

ie: Hundreds of bust business figures flock to UK for soft bankruptcies --- Court files on the businessmen who went broke reveal expensive cars and foreign hideaways --- Problem with website delays Nama search for insolvency team --- Fitch: Ireland's Improved Outlook Doesn't Extend to Periphery --- Independent News eyes 100 mln euro debt write-off - paper
(DBN)

Bad-debt ratio at Spanish banks rises to record 10.7 percent in September --- Spain Seeks Funds From Former Colonies
(DBN)

Italian industrial orders come in awful
(DBN)

______________

Canada:

Hog biz desperate for major overhaul
(DBN)

So, When Exactly is Canada's Government Aiming to Balance Budget?
(DBN)

______________

MENA:

Dana Gas board discussing sukuk terms
(DBN)

Israel Plans Invasion, Gaza Counts Its Dead
(DBN)

______________

S. Korea:

S. Korea's corporate bankruptcies jump in October
(DBN)

______________

China:

Corporate China's Black Hole of Debt
(DBN)

China's Torrid Growth is Over
(DBN)

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