November 26, 2012

The Daily Bankruptcy News

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Law:

Dewey Files Bankruptcy Plan, Seeks Late-February Approval --- The Plan --- Disclosure Statement --- Dewey Docket, Thanksgiving Edition --- With Bankruptcy Plan Imminent, Dewey Estate Continues Fight With Retired Partners
(DBN)

Eversheds, White & Case, Morgan, Dewey: Business of Law
(DBN)

Anatomy of a Lateral Move (Part II)
(DBN)

Bankruptcy Judge Approves BK Boutique Partner's $855 Billing Rate
(DBN)

Law Firms Anticipate Turkey Day, Hand Out Free Birds --- Law Firm CIO Uses Excel Spreadsheets to Manage Thanksgiving Preparations
(DBN)

Law firm loses appeal to keep bankrupt client's retainer
(DBN)

Company lawyers worry about the risks of regulation
(DBN)

The Bankers Know Where the Money Is
(DBN)

The Return of the Lawyer-Politician
(DBN)

Travers takes top law firm prize at British Legal Awards 2012
(DBN)

Slaughters, Bird & Bird and BLP lead London pack on client satisfaction
(DBN)

Ashurst cites currency fluctuations & tough markets as H1 revenues dip 6%
(DBN)

Ashurst defers partner payouts after first-half turnover slump
(DBN)

Jones Day pays £400 a week for its summer clerks – how do other commercial law firms measure up?
(DBN)

In HP-Autonomy debacle, many advisers but little good advice --- Deal Lawyers Mostly Mum on HP's Ill-Fated Autonomy Acquisition
(DBN)

October LSATs Plunge --- Another Sign The Law School Bubble Is Finally Cracking
(DBN)

Law School Transparency: Prestige factories --- The new gilded age
(DBN)

Federal Judge Tosses Suit by Ex-Law Students Who Challenged ‘Arbitrary and Capricious’ D Minus
(DBN)

Not Dead Yet: 2nd Circuit Resurrects Jacoby & Meyers Suit
(DBN)

GCs call for influence training to improve career prospects
(DBN)

20 Super Useful Apps You Should Be Using
(DBN)

Review: iPad mini -- sometimes, less is more
(DBN)

Stealth Lawyer: Tama Matsuoka Wong, Forager for Restaurant Daniel
(DBN)

Risks Justify Attorney Fee of $590,000 For Six Hours Work - "Time spent is least important factor in determining legal fees"
(DBN)

Four Years for Threatening a Lawyer
(DBN)

Ex-Prosecutor Convicted of Official Misconduct in S-- For Leniency Case Is Disbarred
(DBN)

Lawyer Accused of Embezzling $500K From Her Own Grandmother Gets Probation
(DBN)

Beating Defenseless Client With Baseball Bat Brings Disbarment
(DBN)

Citing Unpaid $3.5 Million Bill, Jenner Wants To Drop Client
(DBN)

Florida Woman Tells Cops She Was Looking For Her Cigs
(DBN)

Lawyer claims girlfriend tried to smother him to death with her . . .
(DBN)

Lawyer May Not Use Short-Term Space Also Used by Nonlawyers as Alternate Office
(DBN)

Woman sentenced for schmucky scheme to skip jury duty she bragged about on the radio
(DBN)

Ex-Cozen Lawyer Accused of Diverting Law Firm Fees Is Sentenced for Tax Evasion
(DBN)

Man Arrested After Telling Kids Santa Isn't Real
(DBN)

Phila. Traffic Court Cases Routinely Fixed
(DBN)

Say What?!
(DBN)

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Judges:

Bankruptcy Judge Houston wraps up judicial work
(DBN)

Judge Pens New Bankruptcy Chapter
(DBN)

Even Judges Are Jumping On The No-Pay Internship Train
(DBN)

In Oakland, a New Kind of Federal Courthouse — 100% Female
(DBN)

Hampton Roads Judge new chief in ED VA BK (scroll down)
(DBN)

Sandy's Floodwaters May Have Compromised Thousands Of Pending Criminal Cases
(DBN)

Alan Dershowitz: The Chief Justice Voted For Obamacare To Get 'Street Cred'
(DBN)

Weil Gotshal attorney recommended for SDNY bench
(DBN)

Forfeiture Complaint Accuses Michigan Justice of Defrauding Bank in Short Sale Transaction
(DBN)

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Wall Street:

Stock index futures signal early losses
(DBN)

U.K. Stocks Decline on Spain Concern --- Asian Stocks Rise
(DBN)

Black Friday a good one for stock market
(DBN)

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

Knight Capital in Talks to Sell Market-Making Unit --- Business as Usual
(DBN)

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Layoffs:

Company fires 150 employees for not getting flu shots
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Food/Beverage:

Bill on Bankruptcy : Who's to Blame for Hostess?
(DBN)

Hostess Brands Obtains Court Authority to Wind Down All Operations, Liquidate Assets --- Hostess made agreements on some objections to wind-down plan --- Hostess talking to dozens of interested parties --- Hostess Begins Firings --- Class Action WARN Act Lawsuit
(DBN)

Twinkies Baker: Why I Walked Out
(DBN)

Digesting the Twinkies' lessons --- Twinkies survive a lot, but not union --- Busted down to serfdom --- Walmart And Hostess: Two Stories Of Unions --- Hostess Failure Not Union's Fault --- or employees, Hostess' deal is far from sweet --- Hostess workers victims of management failure
(DBN)

Multiple buyers line up at bake sale, as Hostess nets court approval of wind-down procedures, sale process
(DBN)

Twinkies may not be gone forever
(DBN)

Hostess CEO and top execs made out like bandits
(DBN)

'Bread Man' Jim Bowen Stocks Up On Hostess Products To Feed To Birds, Sell Online
(DBN)

Statement from PBGC Communications Director J. Jioni Palmer on the Potential Liquidation of Hostess Brands Inc.
(DBN)

Nebraska Prime ex-collaborators fight on as Lincoln plant remains idle
(DBN)

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Agriculture:

S.D. claims against insolvent plant: almost $3 million
(DBN)

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Telemarketing:

Bankruptcy trial gets closer for former owner of Telatron
(DBN)

______________

Lehman:

Lehman Brothers Rears Its Ugly Head In Germany
(DBN)

Successful class action by municipalities against Lehman Brothers over derivatives
(DBN)

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Education:

Children Who Are Driven To School Are At A Disadvantage
(DBN)

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Mass Torts:

BP’s SEC Settlement Over Deepwater Horizon Is Lesson in Crisis Management
(DBN)

Ninth Circuit says relevance of asbestos expert should have been tested
(DBN)

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Non-Profits:

Nevada Fire Safe Council files for bankruptcy
(DBN)

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Finance:

Bankruptcy court OKs $3 billion ResCap buyout
(DBN)

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Politics:

Their Problem With Elizabeth Warren
(DBN)

Elizabeth Warren Biography
(DBN)

Senator-elect Warren's Quandary
(DBN)

GOP warns of shutdown over filibuster
(DBN)

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Health Care:

Townsend residents rally to back financially-troubled hospital
(DBN)

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Autos:

Auto buyers warned of Sandy-damaged vehicles
(DBN)

The Great Decline of American Driving
(DBN)

Audi May Suspend Car Production on Slump
(DBN)

GM in Advanced Talks to Sell French Plant
(DBN)

______________

Corporate Reform:

CFPB's Anti-Abuse Authority: A Promising Development in Substantive Consumer Protection
(DBN)

______________

Video Games:

THQ Enters Into Forbearance Agreement with Creditors
(DBN)

______________

Labor:

Unions in America: Poking Walmart, choking Twinkies
(DBN)

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Tax:

German Lawmakers Reject Pact on Undeclared Swiss Accounts
(DBN)

______________

Economy:

US Manufacturing Grows Fastest in 5 Months
(DBN)

US Satisfaction Stabilizes at 30%
(DBN)

The US deficit is already shrinking at the fastest pace since WWII
(DBN)

National Credit Default Rates Increased in October 2012 According to the S&P/Experian Consumer Credit Default Indices
(DBN)

There's Part Of The Fiscal Cliff That Hits Workers Directly — And Almost Nobody Is Talking About Fixing It
(DBN)

Warren Buffett Tells Grover Norquist: Here's The Thing You Don't Get About Business And Taxes --- Leading Republicans Are Giving Up On Grover Norquist
(DBN)

Report Shows How All Kinds Of Industries Will Get Slammed If Taxes Rise On The Middle Class
(DBN)

How The Doomers Got It Wrong
(DBN)

The Chart That Debunks What Everyone Says About The National Debt
(DBN)

Fiscal Cliff: Judging if Debt Cuts are Real
(DBN)

How Bill Gates Became The World's Richest Man
(DBN)

Big Upward Revision Coming To Q3 GDP
(DBN)

Putting Some Facts in the Tax-the-Rich Debate
(DBN)

IRS: Tax Rates for Wealthiest Fall Again in 2010
(DBN)

Millionaires Who Pay the Highest Tax Rate
(DBN)

Deductions Show Why We Can't Fix Tax Code
(DBN)

Small Businesses to Face Ongoing Challenges in 2013
(DBN)

James Bond economics: Casino Royale was all about the financial crisis
(DBN)

Let Taxes Revert to 1990s Level to Fix Things
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Report: Home Values Post 12 Straight Months of Increases --- ZIllow: Home prices had their biggest jump in 7 years
(DBN)

Monday at the Second Circuit: MBS Litigation Gets Its Star Turn
(DBN)

UBS Leads Wall Street Bid to Halt FHFA Mortgage-Bond Suit
(DBN)

Foreclosure sale: does a week-to-week adjournment violate the automatic stay?
(DBN)

These 12 States Have A Serious Problem With Foreclosures
(DBN)

Deutsche Bank analysts expect pressure to extend HARP
(DBN)

Inside the Obama administration's paralysis on housing policy
(DBN)

Attorneys general request extended tax relief for distressed homeowners
(DBN)

Mortgage rates fall to record lows
(DBN)

The Role of Mortgage Debt in Recovery Debate
(DBN)

A dozen dilapidated properties once owned by David Kircher headed for auction at month's end
(DBN)

10 years later, developer David Syre apparently settles troubled real estate loan
(DBN)

Carrington launches distressed property network
(DBN)

Walter Investment Management Corp. Announces Bankruptcy Court Approval of ResCap Bid
(DBN)

Foreclosure activity slowed further by Hurricane Sandy
(DBN)

____________

Retailing:

Online shopping way up on Thanksgiving --- The iPad Had 88% Of All Online Tablet Shopping Traffic On Black Friday
(DBN)

Retailers spin Black Friday right into Thanksgiving Day --- Retailers' Thanksgiving Deals Cut Black Friday Sales
(DBN)

Walmart Workers Strike, Sales Not Affected
(DBN)

Black Friday is a bunch of meaningless hype, in one chart
(DBN)

Cyber Monday? Try Cyber Week! --- What To Buy On Cyber Monday --- Cyber Monday expected to break records; 16M plan to shop from work
(DBN)

Holiday Price War Rages in Real Time
(DBN)

3 Men Brawl Over Pair Of Shoes In Middle Of Mall On Black Friday
(DBN)

Shopper: Why I didn't buy anything when I went out on Black Friday
(DBN)

Store mannequins 'spy on customers' with hidden cameras
(DBN)

'Twelve Days of Christmas' gift list soars to record $107300
(DBN)

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Investment Advisors:

Investment firm Berjac has been fined, filed bankruptcy and left investors uncertain of the future
(DBN)

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Mail:

Cash-strapped post office: new, faster package service?
(DBN)

______________

Fraud:

Judge says Fair Finance victims to get half of any recovered funds
(DBN)

Madoff trustee asks court to reinstate bank claims
(DBN)

The Feds Say Thousands of Aspiring Public School Teachers Engaged In Massive Fraud
(DBN)

H-P Ignored Red Flags on Autonomy Purchase --- How I Knew Autonomy Was a Fraud --- H-P Delicately Threads the Needle in Autonomy Fraud Allegations --- Are the lawyers to blame for the HP-Autonomy mess? --- Autonomy Founder Defends Sales Practices Amid HP Claims --- Deloitte Denies Knowledge of Fraud at Autonomy --- Marc Andreessen has some explaining to do about the Autonomy debacle --- How John Hempton spotted Autonomy's "self-evidently suspect" financials
(DBN)

NY court date Mon. in massive insider trading case
(DBN)

SAC Insider Case Rides Finra Referral to Cohen’s Backyard --- SAC Fund Manager Faces Choice of Trial or Deal --- Inside the trade that the Feds say led to the most lucrative insider trading scheme ever
(DBN)

Legal, financial fallout loom for SAC in insider trading case
(DBN)

Everything You Need To Know About Accused Insider Trader Mathew Martoma
(DBN)

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Municipalities:

CA: Bankruptcy fights will put pressure on Prop. 13 reform
(DBN)

California town learns to live on less after falling off its own fiscal cliff
(DBN)

A new front in pension war
(DBN)

Will Municipalities Get Pushed Off the Fiscal Cliff?
(DBN)

San Bernardino Agrees to Mediation With Firefighters
(DBN)

San Bernardino dependency plan looms large
(DBN)

Hope for continued cooperation in San Bernardino
(DBN)

Curveball as San Bernardino council considers bankruptcy plan
(DBN)

Stockton police to vote on new contract offer from bankrupt city --- Police pact may aid creditor battle
(DBN)

Strapped locals face stress of pension-fund demands
(DBN)

Detroit mayor announces furloughs to avoid bankruptcy --- Detroit may go bankrupt in less than a month
(DBN)

City of Detroit Defaults In Civil Rights Suit, $1.1M Judgment
(DBN)

Arnold precluded from seeking state financial oversight
(DBN)

Altoona: City Has Issues With Act 47 Requirements
(DBN)

Benton Harbor City Commissioners Call Press Conference, Bankruptcy Under Consideration
(DBN)

How Chicago Became The Deadliest City In America
(DBN)

______________

Awards:

Smith Debnam Recognized as #1 Bankruptcy Firm in NC Triangle
(DBN)

______________

Shipping:

Citigroup, Morgan Stanley Sued Over Overseas Shipholding
(DBN)

______________

Brokers:

Clearing Houses Joined as Parties in MF Global Dispute at the High Court in London
(DBN)

Congress Damns Corzine but Lets Him Off the Hook
(DBN)

______________

Religion:

Milwaukee: Priest sex abuse cases may target local parishes
(DBN)

______________

Hotels:

Naniloa Staves Off Foreclosure With Bankruptcy Filing
(DBN)

______________

Celebs:

10 Of The Ugliest Celebrity Bankruptcies In History
(DBN)

Allison Janney Loses Palm Springs House To Foreclosure
(DBN)

Michael Jackson's Personal Debt Finally Paid
(DBN)

_____________

Auto Racing:

$650 Million Demand in Formula 1 Deal
(DBN)

______________

Money Managers:

Aletheia struggling to stay afloat
(DBN)

______________

Banking:

A Bunch of New Failed Bank Lawsuits
(DBN)

McKenna Drills Down On FDIC Lawsuit Against Auditors
(DBN)

FDIC sues former D&Os of Community Bank of West Georgia
(DBN)

FDIC doesn't approve of ex-director at US Century Bank loan meetings
(DBN)

US Whacks First Bank of Delaware
(DBN)

UBS fined £30m over rogue trader
(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 (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (20 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)

______________

Bankruptcy Statistics:

Backlog of bankruptcy cases persists despite drop in filings
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Bankruptcy Reform:

Report: Bankruptcy Reforms Lead to Steep Fee Hikes --- The Report
(DBN)

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Avoidance Actions:

Dead student's family awaits judgment
(DBN)

______________

Claims Trading:

Why the head of hedge-fund operator Solus is focusing on bankruptcy claims and stocks, rather than junk bonds
(DBN)

______________

Bankruptcy Compensation:

Judge approves RG Steel retention plan --- $767,000 in bonuses, stipends
(DBN)

______________

Recent Pleadings:

UST Has Issues With Vertis KEIP, Says Plan "Conspicuously Silent" About Insiders
(DBN)

Dewey Files Plan, Disclosure Statement
(DBN)

Ondova Domain Name Plan Confirmed
(DBN)

Heller Dodges $100M Malpractice Claim
(DBN)

______________

Litigation:

Hewlett-Packard Claims Autonomy Cooked Books
(DBN)

______________

Weather:

After Sandy damage, insurance adjusters may bring more bad news --- Hurricane Sandy By the Numbers: A Superstorm's Statistics, One Month Later
(DBN)

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Insurance:

Mortgage insurer PMI not likely to emerge from bankruptcy
(DBN)

______________

History:

1800s saw evolution of punishment for bankruptcy - Prison time common
(DBN)

Charles Dickens And The Sovereign Debt Crisis
(DBN)

______________

Aviation:

American Airlines heads for the finish line but has a ways to go
(DBN)

American Airlines to recall furloughed pilots early next year
(DBN)

American Airlines: Too many pilots will retire if they can take their pensions as a lump sum --- American Airlines pilot numbers
(DBN)

Cost-Cutting Cited in Loose Plane Seats
(DBN)

______________

Consulting:

What Killed Michael Porter's Monitor Group? The One Force That Really Matters
(DBN)

______________

Sovereigns:

A Judge Ordered Argentina To Pay Every Cent It Owes Hedge Funds --- Argentina appeals $1.3bn debt order
(DBN)

NML v. Argentina: No love for exchange bondholders
(DBN)

Pari Passu Wipeout in the Southern District
(DBN)

Argentina at risk of default after US court ruling on debt
(DBN)

Argentina's options shrink after U.S. debt ruling
(DBN)

Argentina's President Now Has Two Options
(DBN)

Argentina Beset By Pirates, Snakes
(DBN)

Argentina playing last cards in court battle with bondholders
(DBN)

The noose tightens
(DBN)

Argentina Nearing Technical Default
(DBN)

Argentina shows the integrity of default
(DBN)

Elliot Vs. Argentina Is A Domestic Argentine Issue
(DBN)

Sovereign debt after Judge Griesa
(DBN)

Escrowyou too, judge!
(DBN)

Et Tu, FT? (Pari Passu Edition)
(DBN)

How could Greece and Argentina – the new 'debt colonies' – be set free?
(DBN)

The Faustian Bargain: States and Banks
(DBN)

Here's What's Going On With The Argentine Boat Impounded In Ghana
(DBN)

______________

UK:

Insolvency firm warns of 'perfect storm' if rates rise
(DBN)

Insolvency and Co-ops: Opportunity or Threat?`
(DBN)

McColgan's health business bankrupt
(DBN)

Lloyds to sell 1.2bn of distressed debt
(DBN)

Church faces huge pension deficit
(DBN)

Hospitality insolvencies continue downward trend
(DBN)

Insurance insolvencies tumble
(DBN)

______________

EU:

Germany Edges Towards Keeping Euro Alive
(DBN)

EU Budget Summit Headed Towards Failure
(DBN)

European Debt Risk Heads For Biggest Weekly Drop Since September
(DBN)

Euro-Area Bailout Fund Survival Faces Final Hurdle at EU Court
(DBN)

Goldman Turns Down Southern Europe Banks as Crisis Lingers
(DBN)

______________

PIIGS:

Greece Hopes for Delayed Loan Today --- Greek Loan May Be On Hold Again --- Eurozone's Stalled Talks Leave Greece In Limbo --- No Greek debt writedown in next rescue package: ECB's Asmussen --- Greek Default Could Cost the Germans --- Parts of ports to be conceded to investors for utilization --- Big gains for hedge funds from bonds --- Protesting Greek municipal workers occupy town halls --- Greece approaches moment of truth on EU debt as creditors feud --- Greek Bailouts Cost Some, Gain Others --- European Stocks Seen Subdued Before Eurozone Meeting On Greece
(DBN)

ie: Dunnes Stores faces winding-up petition over €21.6m judgment --- New hope of debt deal for families in mortgage fire sale --- Bank of Ireland in talks with sub debt holders
(DBN)

Catalonia Election Tests Spain's Unity --- Separatists winning in Catalonia, Spain: early results --- Credits for supplies accrued before the declaration of bankruptcy: preferential credits
(DBN)

______________

Canada:

Restructuring offers a solution for insolvent construction companies
(DBN)

Vancouver publisher D&M gets creditor proposal extension
(DBN)

______________

MENA:

Regional insolvency conference: Egypt is at a critical juncture
(DBN)

Dana Gas offers bondholders sweetened debt deal
(DBN)

Global, bondholders agree on debts restructuring
(DBN)

Saudis study Fannie Mae-style plan for housing
(DBN)

______________

Indonesia:

Telkomsel bankruptcy ruling overturned
(DBN)

______________

Australia:

Coal baron Tinkler's holding company pays creditors at 11th hour --- Australian tax office to pursue coal baron Tinkler
(DBN)

Packer, Murdoch still pursued for One.Tel millions
(DBN)

Wayne Ormond blames banks for Refund collapse – after pocketing consultant fee from administrators
(DBN)

______________

India:

India's most debt-ridden states
(DBN)

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Cyprus:

Cyprus Says It Has Deal, but Europe Says Not Yet
(DBN)

______________

Belize:

No Belize superbond creditor deal yet, talks ongoing
(DBN)

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Copyright 2012