November 20, 2012

The Daily Bankruptcy News

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Law:

Law Firms Confront Issue of Underutilized Partners; 15 Percent Plan Cuts in Early 2013
(DBN)

Refco Lawyer, A&O, Mayer Brown, Skadden: Business of Law
(DBN)

If Not For Clients, Then Why Do Firms Open New Offices?
(DBN)

Stephen B. Ravin Joins Saul Ewing’s Newark Office
(DBN)

Firms that took in Dewey partners will likely face unfinished business claims
(DBN)

Covington, Simpson Thacher, Nelson: Business of Laws
(DBN)

A&O posts 3% H1 drop as top firms forecast mixed half-year financials
(DBN)

More Law Schools Cut Class Sizes --- Are We Close To A Crash?
(DBN)

Law Schools Are Finally Coming To Terms With The Crappy Job Market
(DBN)

Night Students Already Ruin Your Class Rank, Do They Have To Ruin Your Graduation Too?
(DBN)

Google Law Review Rankings
(DBN)

UT System to look into payments to law professors from external sources
(DBN)

Prospects dim for nationalized law student pro bono mandate
(DBN)

At Least Some Lawyers Are Still Raking In The Big Bucks
(DBN)

Amidst Tight Market for Legal Work, Houston Attorneys and Law Firms Have Struck Oil
(DBN)

The Future of Law, Circa 1972
(DBN)

Fulbright Leaders Talk Pay, Partnership in Light of Merger
(DBN)

Bluechip spending plunges as GCs press for value
(DBN)

Dear Client - You'll Need to be More Specific --- My Lawyer, He Wrote Me a Letter
(DBN)

Tips on Making a Lateral Move (Part 1—The Nuts and Bolts)
(DBN)

Alleged Failure to Keep 'Proper Billing
(DBN)

AmLaw 2012 survey shows strong iPhone, iPad support at the most profitable law firms
(DBN)

Records' Brings Malpractice Suit Against 3 BigLaw Firms
(DBN)

Attorney Claims Call for Unsealing Is 'Ultimate Scheme to Get Rich'
(DBN)

Study Say Biz Leaders Want GCs to Identify Regulatory Risk Before It Happens
(DBN)

Doubly Disbarred? In-House Lawyer Who Didn’t Disclose Sanction Gets Permanent Punishment
(DBN)

Dallas DA accused of prosecutorial misconduct in Hunt heir’s mortgage fraud case
(DBN)

Court vacates conviction for NY man who met lawyer on day of trial
(DBN)

13 Mistakes Your Business Is Making On LinkedIn
(DBN)

Lawyer Accused of Misusing IDs of Terminally Ill in $30M Investment Scheme Takes Plea
(DBN)

Lawyer Who Says He Was Scammed Is Sued By Bank Re Fake $299K Cashier’s Check
(DBN)

Female Cop Gets $1 Million After Colleagues Trolled Database to Peek at Her Driver's License Pic
(DBN)

Wanted For Murder And In Hiding, Antivirus Software Inventor John McAfee Is...Keeping A Blog --- Disguised Himself As A Guatemalan Street Vendor With A Limp
(DBN)

Say What?!
(DBN)

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Judges:

Chief bankruptcy judge selected in ED VA
(DBN)

Justice Scalia’s Holiday Gift Guide
(DBN)

At Federalist Society, Scalia Says He Doesn't 'Live or Die' for Bill of Rights Cases
(DBN)

Justice Scalia Is Apparently A Huge Fan Of David Foster Wallace
(DBN)

Judge Suggests Mediation Could Help Avoid Hostess Liquidation
(DBN)

Why This Hotshot Attorney Ditched His Six-Figure Salary For Life On The Beach
(DBN)

Appeals Court Calls Opinions Copied From Lawyers’ Briefs Mystery Rulings, Tells Judge to Try Again
(DBN)

Former judge appointed conservator to disbarred lawyer's 300+ case files
(DBN)

Bons Mots , Buffoonery, and the Bench: The Role of Humor in Judicial Opinions
(DBN)

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Wall Street:

US Stock Futures Little Changed Before Housing Report
(DBN)

European shares retreat as euro zone worries resume
(DBN)

Stocks rally on optimism over fiscal cliff
(DBN)

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Layoffs:

Headhunter: Which Jobs Will Be Huge In 2013
(DBN)

The 21 Worst Employees Of The Year
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

US Airways Pilots Want Seat at Table in AMR Bankruptcy
(DBN)

Bank sues American Airlines over refinancing bid
(DBN)

Hawker Beechcraft customers file in bankruptcy court over aircraft sales
(DBN)

Bankruptcy judge refuses to allow faster sale of Hawker jets
(DBN)

SAS agrees union deals in face of bankruptcy fears
(DBN)

SAS avoids bankruptcy
(DBN)

SAS Group to cut more than 7,000 jobs --- Shares soar
(DBN)

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Compensation:

Big Losses, Bigger Paychecks - Why do managers of failing firms get paid so well?
(DBN)

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Economy:

Here's Who Gets Slammed If The US Goes Off The Fiscal Cliff
(DBN)

Stocks soar as 'fiscal cliff' fears subside
(DBN)

US Manufacturing Coming Back, but Not Jobs
(DBN)

Middle Class Parents Lose Faith in College Ed
(DBN)

New York Fed wins dismissal of ex-AIG CEO Greenberg's lawsuit --- US role in AIG deserves a better foil --- Saving the US financial system trumps Fed's duty to AIG
(DBN)

A Gentler Slope for the Fiscal Cliff
(DBN)

U.S. Companies Cut Spending Plans
(DBN)

America's Oil Bonanza
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Sales of Existing Homes Increase Unexpectedly --- Housing recovery gains traction
(DBN)

US banks cut mortgages by $6.3B in homeowner settlement
(DBN)

Controversial MERS decision breaks Oregon foreclosure chain
(DBN)

Consumer financial agency and FTC join forces to fight mortgage fraud
(DBN)

Ahead of the Bell: US Housing Starts
(DBN)

Judge Poised to Approve ResCap Loan Sale to Berkshire
(DBN)

Mastros had jewelry worth millions in France --- Trustee: 'Sacks' of jewelry, two big rings taken from Mastros --- Documents seized at Mastro apartment could expand probe
(DBN)

Goldman Sachs On The Demographic Trend That Could Keep The Housing Market Booming For Years
(DBN)

Judge narrows Fannie/Freddie lawsuit against Barclays
(DBN)

Uneven housing forecast for next year
(DBN)

A Tough Choice for MBIA Bondholders
(DBN)

___________

Politics:

Elizabeth Warren: Here's what I'll do on my first day in the Senate --- Five Things Senator Elizabeth Warren Should Do Right Away
(DBN)

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Food/Beverage:

Hostess, Bakers Union Agree to Mediation --- Hostess and Bakers Union Asked to Explain Strike Reasons --- Hostess Asks Court to Approve Demise While U.S. Objects --- Hostess Liquidation Needs Control by Trustee, U.S. Says --- Twinkies Defense is Private Equity's Pension Offense --- Even at Hostess, a bad choice is better than none --- Twinkie, where art thou? --- Hostess bankruptcy could hit Metro Detroit union's retirement plan --- Blaming Striking Bakers Doesn't Tell Whole Story Of Hostess Collapse --- Flowers Foods up on Hostess Brands possibilities --- It Looks Like Someone Is Interested In Buying Hostess --- How Hostess Failed: Hedge Funds Vs. Unions --- Labor hopes to turn Twinkie battle into 'teachable moment' --- If Twinkie dies, we killed it --- Hurst Capital bids to rescue Hostess
(DBN)

Private Equity and Hostess Stumbling Together
(DBN)

Hostess Bankruptcy Has Worked Out Well For CEO Brian Driskoll --- Union Claims Hostess Executives Received Raises In Advance Of Bankruptcy --- Hostess, maker of Twinkies, seeks permission to pay manager bonuses --- Hostess To Pay $1.75 Million In Executive Bonuses After Blaming Unions For Bankruptcy --- Hostess liquidation too sweet for managers, US says
(DBN)

Twinkie history, spiced with murder, scandal, suggests icon will survive
(DBN)

Twinkies, Wonder Bread Carry on in Canada Post Hostess
(DBN)

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Personal Finance:

The Wackiest Things You Can Buy With Rewards Points
(DBN)

Occupy Wall Street Is Giving People Some Shady Financial Advice
(DBN)

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Retailing:

Nearly all online retailers to offer Thanksgiving weekend deals, survey says
(DBN)

The Branding of Black Friday
(DBN)

Shoppers Are Already Camping Out In Front Of Best Buy Stores
(DBN)

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Health Care:

Republican Governors Are Stonewalling Obamacare
(DBN)

______________

Celebs:

Gloria Allred Is Finally Jumping Into The General Petraeus Sex Scandal
(DBN)

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Biotech:

Helicos files for Chap. 11
(DBN)

______________

Printing:

Quad/Graphics takes step closer to buying Vertis Holdings
(DBN)

______________

Debt Collection:

CFPB Supervision: Small Collection Agencies May be Examined
(DBN)

______________

Payment Processing:

Pipeline Data Files for Bankruptcy Protection in Delaware
(DBN)

______________

Fraud:

Stanford’s Accountants Guilty of Hiding $7 Billion Fraud
(DBN)

SEC fails to revive fraud claim vs Goldman's Fabrice Tourre
(DBN)

______________

Municipalities:

Struggling RI city's ex-mayor pleads guilty
(DBN)

Investors Play Name Game on Muni Debt
(DBN)

Cooler heads can temper heated debate at San Bernardino bankruptcy meeting --- San Bernardino studies budget cuts, sets meeting for Nov. 26
(DBN)

Bankrupt San Bernardino seeks renegotiation of Calpers debt
(DBN)

City turns to judge for lawsuit advice
(DBN)

Mammoth Lakes Bankruptcy Case Ends After Accord in Suit
(DBN)

Benton Harbor could eliminate police department
(DBN)

Michigan to see rise in Muni BK Filings?
(DBN)

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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 (36 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (72 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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Miscellaneous:

Bill on Bankruptcy: AMF, Hostess, Kodak, JC Penney, UK Law, Want Ads
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Personal Bankruptcy:

SSI payments not part of 'projected disposable income,' 10th Cir. says
(DBN)

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Cross-Border:

Elpida Patent Deals Face Review in U.S. Court
(DBN)

______________

IP:

Eighth Circuit Rules That a “Perpetual” Trademark Licensing Agreement Is an “Executory” Contract Subject to Rejection Under Bankruptcy Code Section 365
(DBN)

______________

Post-Petition Transfers:

Some reassurance for trade creditors doing business with a debtor-in-possession
(DBN)

______________

Storage:

'Gross mismanagement' alleged in RoboVault bankruptcy
(DBN)

______________

Finance:

Bankruptcy-Proof Finance and the Supply of Liquidity
(DBN)

ResCap Wins Court Approval of Ocwen Servicing Unit Sale
(DBN)

______________

Mass Transit:

Ridership in Decline, Monorail Emerges from Bankruptcy
(DBN)

______________

Media:

What Will Peter Liguori Do With Tribune Once He's CEO?
(DBN)

______________

Private Equity:

Tough Times? You Wouldn't Know at Party for Private Equity Titan
(DBN)

______________

Corporate Reform:

CFPB’s constitutionality remains a contentious issue
(DBN)

Former Top Official Files Scorching Complaint Against SEC
(DBN)

SEC Rocked By Lurid S-- and Corruption Lawsuit
(DBN)

Mixed Results for S.E.C. in Financial Crisis Cases
(DBN)

______________

Sovereigns:

Allied Bank revisited?
(DBN)

NY Fed Backs Argentina in Case Involving Debt -Service Payments --- Argentine GDP Warrants Surge After NY Fed Submits Letter
(DBN)

Argentine Credit Default Swaps Fall After Bondholders File Brief
(DBN)

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UK:

Deloitte administrators make 735 redundancies at Comet HQ
(DBN)

Top rate avoiders in taxman’s crosshairs
(DBN)

Creditors set for hit after Bevans Bray Walker administration
(DBN)

Hampson Industries confirms co placed into administration
(DBN)

______________

EU:

Euro hits near two-week high on Greece, US budget optimism
(DBN)

______________

PIIGS:

Euro Finance Officials Meet to Jump-Start Greece Accord --- Greece: Eurozone ministers to make crunch decision --- Green shoots appear in Greece --- Germany floats idea of Greek 25-cent-on-euro debt buy-back --- Greece will need help beyond end of loan program in 2014 --- Greece creditors in last-ditch attempt to agree on pay-out --- Restructuring almost complete in commerce --- Impressive drop in current account deficit by September --- EU leaders face Greek aid gap in brinkmanship with IMF
(DBN)

ie: Developer Tom McFeely loses High Court challenge --- McFeely's home goes on sale for €3m as NAMA appeal fails --- NAMA told of McNamara's UK bankruptcy as it sought order --- Lloyds sells £1.47bn of ' distressed ' Irish loans for 10p on pound
(DBN)

______________

Canada:

Government Ordered to Pay Full Cost of Unsuccessful Claim as Creditor
(DBN)

______________

France:

Hundreds Of Luxury Homes In France Are Flooding The Market Ahead Of Tax Changes
(DBN)

Moody's Downgrades France
(DBN)

______________

MENA:

Kuwait's Global Investment House aims to delist as ‘law forces hand’
(DBN)

______________

Australia:

Liquidators appointed to Australian mining magnate's company
(DBN)

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Copyright 2012