November 21, 2012

The Daily Bankruptcy News

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Due to the Thanksgiving holidays, The Daily Bankruptcy News will not publish on Nov. 22 and 23, 2012

Law:

How Much Will a Law Firm Pay to Make a Bankruptcy Trustee Go Away?
(DBN)

Stillman & Friedman, DLA Piper, Hogan: Business of Law
(DBN)

Jones Day for Hostess, Simpson Thacher: Business of Law
(DBN)

Should the Lawyers Shoulder any Blame for H-P’s Latest Headache?
(DBN)

Gradenfreude: Working Retail as a Lawyer Is Pretty Damn Demeaning
(DBN)

More Associates… Making Less
(DBN)

Ex-Cozen Attorney Sentenced to 70 Months in Prison
(DBN)

ABA Committee Approves Proposed Changes in Law School Accreditation Standards
(DBN)

Penn State Law Will Continue To Have Two Campuses, Because Politicians Are Even Dumber Than You Think
(DBN)

Judge tosses suit by two former students who failed out of Texas law school
(DBN)

University of Texas Law School Crisis Redux: UT System and AG Critical of Forgivable Loans
(DBN)

Law School Transparency: Gender dynamics of law graduate overproduction
(DBN)

Why Law Students’ Cluelessness About The Legal Market Could Consign Them To Paralegal Purgatory
(DBN)

Diversity Is Still a Challenge for N.Y. Firms, Study Finds
(DBN)

Attorney General Holder to stay on job 'for about a year'
(DBN)

Lawyers Made Your Kids Fat, Fearful, And Bored
(DBN)

What Can GCs Learn From Wal-Mart's Black Friday?
(DBN)

Squire Sanders Puts Their Library on "Main Street"
(DBN)

Senate Bill Lets Feds Read Your Email --- Aide refutes report
(DBN)

Ex-Employees Admit Embezzling $788K From NJ Law Firm
(DBN)

Defendant Douses His Attorney As Jury Is About to Exit for Deliberations in Murder One Case
(DBN)

The son of one of New York's leading lawyers has sued to get extra time to take his LSAT
(DBN)

“40-Year-Old” Virgin Actor Sentenced To Life In Prison For Stabbing of Girlfriend
(DBN)

Notorious Manhattan Madam Case Ends With a Whimper
(DBN)

Lawyer slit dog's throat, texted picture to estranged wife
(DBN)

Woman arrested for using human skeleton for s--
(DBN)

Elementary School Teacher Tased, Carjacked After Parking Outside School
(DBN)

After Goodwill Worker Finds $14K in Box of Xmas Decorations, Competing Claims Wind Up in Court
(DBN)

Say What?!
(DBN)

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Judges:

Justice Scalia Can't Believe How Illiterate Some Americans Are
(DBN)

Judge Allows Teen to Avoid Prison with Mandate for 10 Years of Church Attendance
(DBN)

Judicial Election Spending Breaks Records with Boost from Super PAC Cash
(DBN)

What Does Chief Justice John Roberts Have in Common With Lena Dunham?
(DBN)

7th Circuit's Posner takes another shot at the high court
(DBN)

Judge Gives Verbose Lawyer a Lesson In Editing
(DBN)

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Wall Street:

U.S. Stock Futures Fluctuate Amid Deadlock in Greek Talks
(DBN)

Bernanke's "cliff" comments break two-day rally
(DBN)

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Layoffs:

Unemployment down in almost all states from previous year
(DBN)

The 10 College Majors With The Biggest Paychecks
(DBN)

When to WARN? WARN Act Notice Amid the Threat of Sequestration
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

AMR union head makes push for contract with flier - Rejection = "a path of self-destruction"
(DBN)

US Airways Attendants Approve Strike After Rejecting Contract
(DBN)

Airport Security Is Killing Us
(DBN)

Estonian Air to Fire Staff, Cut Flights to Avoid Insolvency
(DBN)

SAS seals agreement with eighth and final union
(DBN)

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Retailing:

Like It Or Not, Black Thursday Will Ring Registers
(DBN)

How to snag door-buster deals on Black Friday
(DBN)

Wal-Mart Steels Itself for Black Friday Labor Showdown
(DBN)

The best way for Walmart to boost the economy? Pay its workers at least $25,000 a year
(DBN)

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Resorts:

Judge Says Resort Group Can Tap Half of $10 Million Loan
(DBN)

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Municipalities:

The bankruptcy cases of Stockton and San Bernardino have become major pension battlegrounds --- San Bernardino wants to delay payments to CalPERS
(DBN)

Bankruptcy judge puts 2 cases on hold, stalls on 3rd
(DBN)

Prichard city officials to ask for more time in bankruptcy proceeding
(DBN)

Report: Insolvency looms for NY school districts
(DBN)

Detroit council rejects condition for cash infusion --- Refuses contract for law firm to overhaul city finances
(DBN)

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Economy:

Unemployment falls in 37 states in October
(DBN)

Bernanke: No Fresh Stimulus Despite Sluggish Recovery --- Bernanke sees 'good 2013' if US fiscal cliff averted --- Warns lawmakers fiscal cliff remains "substantial threat" to growth --- Fix May Bring 'Very Good' Year --- Bernanke says that Great Recession reduced US potential growth rate
(DBN)

The Other Economic Cliff: Why Business Investment Is Crashing
(DBN)

Most Households Face 'Fiscal Cliff'
(DBN)

The U.S. Does Not Have a Spending Problem, We Have a Distribution Problem
(DBN)

Consumer default rates rose in October for first time this year
(DBN)

Poll: 45% Would Like to Skip Christmas
(DBN)

Is the American Dream in Danger?
(DBN)

Americans' Confidence in the Economy Recedes Post Election
(DBN)

What it takes to be a one percenter
(DBN)

Wall Street falls as Bernanke's comments weigh
(DBN)

Jeremy Grantham US Growth Forecast: Limited 1% Growth For 40 Years
(DBN)

Tax Breaks Worth $150bn Face Axe
(DBN)

A Tax Deal Raises Bar for Richest Americans
(DBN)

Costco CEO: No More Middle Class Tax Hikes
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Housing starts climb in October --- But Rentals Are the Drivers
(DBN)

Jumbo Housing Market Booms Into 2013
(DBN)

The mortgage crisis told through a poor Memphis resident and the banker who bundled her loan
(DBN)

Labor Market Holds Back US Housing Recovery
(DBN)

Tight Lending Is Choking Nascent Housing Recovery
(DBN)

OR: Debate over MERS , foreclosure mediation needs to end soon
(DBN)

Banks say they have given $26 billion in homeowner relief so far
(DBN)

New York sues Credit Suisse over mortgage securities
(DBN)

The Most Outrageously Expensive Apartments For Rent In New York City
(DBN)

US Regulators Warn on Mortgage Advertising --- Buyer beware – Potentially deceptive mortgage ads are targeting veterans and older Americans
(DBN)

Plea deals in mortgage robo-signing in Fla., Mo. --- Ex-DocX President Pleads Guilty in Florida in Robo-Sign Case
(DBN)

Archstone seeks $3.45 billion in initial public offering
(DBN)

Fitch Ratings: U.S. CMBS Delinquencies Down In October
(DBN)

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Fraud:

Just Doing Their Jobs? Professionals Facing Criminal Charges In Ponzi Scheme Cases
(DBN)

NY feds claim most lucrative insider trading case --- Hedge Fund Manager Charged In The Largest Insider Trading Case In History --- Again, Expert-Networking Firm Is at Heart of Insider-Trading Case
(DBN)

Lucky 7: The Insider-Trading Schemes That Paid the Most
(DBN)

Insider Crackdown Uses SAC Manager in Healthcare Pivot
(DBN)

SAC’s Cohen Pulled Deeper Into Trading Probe by Martoma --- Hedge Fund Manager Had His Finger on the Pulse of Elan --- Spotlight Swings to SAC Capital, Steven Cohen
(DBN)

Meet the Doctor in the Middle of the Newest Insider-Trading Case
(DBN)

Ex-UBS Trader Adoboli Gets 7-Year Sentence for Fraud Conviction --- Adoboli’s Fate Decided at Wine Bar as UBS Market Bets Unravelled
(DBN)

HP Claims Fraud at Autonomy --- 'Willful Effort to Mislead' --- Q&A With Autonomy Founder Mike Lynch on HP Allegations --- FBI Said to Be Looking Into HP’s Allegations on Autonomy --- And The Accounting Fraud Isn't The Worst News --- PwC finds $5bn black hole in HP's Autonomy deal
(DBN)

Colleague Of Accused Insider Trader Mathew Martoma Called Him A 'One Trick Pony' In An Email Saying He Should Be Fired
(DBN)

The Most Important Part of The SEC's Complaint Against Hedge Funder Mathew Martoma
(DBN)

Denny Hecker: Legal wrangling reprised over former auto dealer's home
(DBN)

SEC Says Old-Timers Ran $15 Million Ponzi
(DBN)

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Food/Beverage:

Hostess Judge to Weigh Shutdown After Mediation Fails --- Hostess To Liquidate After Failed Last Ditch Union Talks --- Ode on the death of a favorite American icon: the Twinkie --- Hostess Twinkies eulogized but not 18,000 workers, art of compromise --- The real battle at the snack maker is union vs. union.
(DBN)

Hostess CEO: Mexico's Bimbo not a buyer for Twinkies maker --- Last chance for Hostess Brands: Mediation --- Hostess lives another day (but only one)--- Distressed Investments: A Sweet Example --- Dead company talking: Mediation with bakers gives Hostess 48 hours --- Local Hostess worker: Slim hope for negotiations --- Private Equity Wants a Bite of Hostess --- Hostess and the Bain Style Vultures --- Hostess’s Real Victims: Private Equity Guys
(DBN)

The Hostess Bankruptcy And The Threat Of A PBGC Bailout
(DBN)

More than 40 to bid for Upper Crust pizza shops
(DBN)

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Steel:

Union responds to RG Steel's retention plan for some salary
(DBN)

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Distressed Investing:

Bargains in Muni Bonds Conflated With Distressed Names
(DBN)

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Student Debt:

Is There Hope for Discharging Student Loans in Bankruptcy?
(DBN)

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Telecoms:

Disabled US workers accuse Nortel of intimidation on benefits
(DBN)

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Religion:

Archdiocese counters bankruptcy creditors
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (37 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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 Compensation:

Bonuses in Bankruptcy Get Tougher to Collect
(DBN)

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Secured Debt:

Ninth Circuit holds that Postpetition Payments Received by Debtor Are Not Proceeds of “Payments to Become Due.”
(DBN)

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Avoidance Actions:

The Right to Trial by Jury in Fraudulent Transfer Actions in Bankruptcy
(DBN)

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Litigation:

Write Briefs With Law Clerks in Mind
(DBN)

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Weather:

Legal, Rebuilding Headaches From Mold May Last Long After the Storm Leaves --- Don’t take a bath on a flood-damaged car --- New York Apartment Dwellers Sue Over Sandy-Related Damage
(DBN)

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Insurance:

D&O Insurance: When Can a D&O Insurer Recoup Amounts It Has Paid Out?
(DBN)

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Banking:

Barclays to face first LIBOR trial in October 2013
(DBN)

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Corporate Reform:

George F. Will Advocates The 'Judicial Dismantling' Of CFPB
(DBN)

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Deals:

Most Admired Corporate Dealmakers 2012
(DBN)

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Celebs:

Ariel Winter's Sister Hit the Skids in the Money Dept.
(DBN)

Kelley Sister in Tearful Event with Gloria Allred
(DBN)

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Coal:

Patriot bankruptcy prompts reclamation worries
(DBN)

Thousands of miners to lose health care, pensions in Patriot Coal
(DBN)

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Agriculture:

Heards, minister indicted in farm loan scheme
(DBN)

Mushroom farm suspends work
(DBN)

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Politics:

Rubio: Age of Earth Remains “One of the Great Mysteries”
(DBN)

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UK:

Taxman targets rag trade and alcohol industry in crackdown
(DBN)

UK growth hobbled by overambitious banks
(DBN)

Unsustainable pricing means most conveyancing firms are “bust”, says leading entrepreneur
(DBN)

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EU:

Euro Weakens, European Stocks Decline as Greek Debt Talks Falter
(DBN)

France's rating downgrade a warning for banks
(DBN)

Eurozone risks rising as outlook darkens
(DBN)

Euro Steadies on Greece Optimism After France Rating Dip
(DBN)

EFSF Seen Facing Downgrade, Allowing New Bond Sale
(DBN)

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PIIGS:

Greece's lenders fail again to clinch debt deal --- Your Cheat Sheet to Greek Loan Negotiations --- Greek Loan Heads for German Parliament --- Greece Freezes Foreclosures, No Help on Loans --- Most Greeks Want Euro, Oppose Austerity --- Companies Face “Annihilation” Amid Debt Crisis --- Could One Man Steal Most of Greece's Identity? --- Greek Bond Buyback Would Eye 50% Acceptance Rate
(DBN)

ie: Central Bank to assess insolvency laws in next stress test
(DBN)

Spain Plans To Encourage Foreign Purchase Of Houses
(DBN)

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France:

‘Tide Turning’ Against France, Say Economists
(DBN)

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China:

China’s ghost towns highlight shadow banking risks
(DBN)

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Singapore:

Singapore opposition leader freed from bankruptcy
(DBN)

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S. Korea:

South Korean construction industry in danger
(DBN)

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Copyright 2012