November 27, 2012

The Daily Bankruptcy News

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Law:

Cravath Bumps Up Year-End Bonuses --- Cravath Announces; Let the 2012 Bonus Season Begin! --- Cravath Sets the Tone for Law Firm Bonuses --- Cravath Boosts Year-End Bonuses, Will Pay $10K to $60K; Last Year’s Ceiling Was $37.5K
(DBN)

Wachtell, Clifford Chance, Paul Weiss: Business of Law
(DBN)

A Native’s View Of London --- London-Based US Lawyer Embarks On Second Round Of Brit-Bashing In His Hilarious Blog
(DBN)

Lawyer: M&A Practice Is Booming & Likely to Continue
(DBN)

KPMG General Counsel Survey 2012
(DBN)

Vermont law school prepares for the 'revolution' with staff cuts --- A Law School Finally Does Something About Decreasing Applications And Starts Offering Voluntary Buyouts
(DBN)

These Alabama Law Schools Refuse To Cut Class Size
(DBN)

Law School Transparency: A bit of evidence about the state of entry level large firm hiring
(DBN)

2012 Law Grad Has Thanksgiving Message of Threats And Recriminations for Law School Faculty
(DBN)

When Football Completely Scrambles Your Brain, Law School Sounds Like a Great Idea
(DBN)

Why a well paid consultant would drop everything to be a lawyer
(DBN)

My Secret Weapon: A Thanksgiving Reflection on Law Librarians
(DBN)

Encyclopedia Brittanica smacked on legal malpractice case
(DBN)

Weil, S&C Steer the Way in Ally's $4.2 Billion Asset Sale to GM
(DBN)

Helpful Lawyering Apps for the Digital Age
(DBN)

Talkin’ Tools: Smartphones, Tablets Walk the Walk
(DBN)

How to Find Lost Time
(DBN)

Survey Slams ‘Dry’ And ‘Staid’ Law Firm Websites
(DBN)

Online Rain: Survey Says a Virtual Presence May Pay
(DBN)

Real Estate Leads the Practice Field for Malpractice Claims, Says ABA Report
(DBN)

It’s Not Just Money Fears Blocking Access to Legal Help; Lawyer Distrust Is Growing
(DBN)

Supreme Court rejects plea to ban taping of police
(DBN)

Phone Book Company Settles Suit over Restaurant’s Listing Under ‘Animal Carcass Removal’
(DBN)

When Anonymous Commenting Goes Wronger
(DBN)

Attorney Establishes Llama Sanctuary
(DBN)

Law Firm Coffee Spat Leads to Unemployment Case
(DBN)

Teen Shot and Killed At Gas Station Over Loud Music In His Car
(DBN)

11-Year-Old Gets Ticket for Threatening to Slash Classmate's Throat
(DBN)

Kiddie P--- Admission in FBI Job Interview Was Fair Game
(DBN)

Aquarium Offers Legal Fellowship
(DBN)

Zombies-at-Law: NY Lawyer Fascinated by the Law’s Fascination with Zombies
(DBN)

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Judges:

Law Prof Creates a SCOTUS Pronunciation Dictionary
(DBN)

Money and back-room politicking are contaminating the selection of judges
(DBN)

SCOTUS: Allows New Obamacare Challenge
(DBN)

US Supreme Court Scolds Oklahoma Supremes
(DBN)

President Barack Obama is having a very hard time getting his judicial nominees confirmed by the Senate
(DBN)

Federal Judge Seeks a Third Law Clerk; Applicants Must Be Willing to Work for Free
(DBN)

Stormy Weather: Senators Criticize Kozinski over Maui Conference
(DBN)

6th Circuit Has Surpassed the 9th as the Most Reversed Appeals Court
(DBN)

Justice Ginsburg “Neck Doily” Watch
(DBN)

' Politicians in Robes'? Not Exactly, but . . .
(DBN)

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Wall Street:

U.S. stock futures flat; fiscal cliff, data eyed
(DBN)

Stocks Close Mixed After Seeing Early Weakness
(DBN)

Knight Capital Shares Rally Around Deal Talk
(DBN)

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Layoffs:

Layoffs Watch ’12: Credit Suisse
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Bankrupt San Bernardino's Toxic Politics Snarl Calpers Debt
(DBN)

Pension Wars Round 2: Objections to San Bernardino’s Chapter 9 Petition
(DBN)

San Bernardino to Curb Payments on Retirees in Bankruptcy
(DBN)

San Bernardino City Council approves cuts in pendency plan --- Votes to slash budget more than $26 million --- To halt payments to Calpers, bondholders
(DBN)

Riordan suspends LA pension reform campaign
(DBN)

Detroit City Council vote on key law firm contract pushed by Mayor Bing delayed again
(DBN)

Detroit in denial of crisis like old GM
(DBN)

End of Chapter 9 moratorium will bring Harrisburg's creditors into play
(DBN)

Financially troubled Washington town might give up self-government
(DBN)

Where You Can Find The Fastest Growing Incomes In America
(DBN)

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Food/Beverage:

The real story behind Twinkies' sour end
(DBN)

Twinkie – an American cake- might be sweet for some, but sour for others --- What Twinkies teach us about labor relations
(DBN)

Meet the Bakers That May Bid for Hostess
(DBN)

Birmingham man starts group to save Hostess company
(DBN)

Are Twinkies and Wonder Bread brands worth millions?
(DBN)

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Economy:

Dallas Fed Manufacturing Goes Negative
(DBN)

Why This Recovery is Feeble
(DBN)

Wells Fargo CEO: Why Americans are Saving So Much --- Middle Class Tax Increase: People to Spend Less
(DBN)

There's No Such Thing as a Painless Fiscal-Cliff Deal
(DBN)

The GOP War Against Grover Norquist --- Pete King to Norquist: The World Has Changed
(DBN)

Still a Wide Gulf on Taxes and the Fiscal Cliff
(DBN)

U.S. Fiscal Cliff Could Lead Global Recession, OECD Says --- Urges gradual US fiscal tightening to preserve growth
(DBN)

The Forgotten Future of the Bush Tax Cuts
(DBN)

Obama to Meet With New Group of CEOs
(DBN)

Rogoff and Reinhart: recognizing losses on bad debt speeds recovery
(DBN)

Warren Buffett reiterates call for higher taxes on wealthy, urges Congress to compromise --- Mocks Norquist Idea on Taxes Thwarting Investment
(DBN)

Greg Mankiw: Warren Buffett Doesn't Tell You About How He's A Master Of Tax Avoidance
(DBN)

Eisenhower's Chilling Analysis Of Defense Spending
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

The FHA's Biggest Loser: No-Money-Down Mortgages
(DBN)

Sullivan, Kasner Face Off in Second Circuit MBS Showdown
(DBN)

ResCap Bankruptcy Examiner Says Report to Take Longer
(DBN)

ResCap creditors target cash from Ally asset sales
(DBN)

Out-of-sync mortgage laws create housing recovery hurdle
(DBN)

The Historical Origins of America's Mortgage Laws
(DBN)

Atlanta Fed graphs show regional housing demand outstrips mortgage financing
(DBN)

Foreclosure Activity Ticked Up in October
(DBN)

Woman Faces More Charges over Mortgage ' Robo-Signing '
(DBN)

Lehman sells Archstone for $6.5 billion --- Opts for Sale as Apartment REITs Slide
(DBN)

____________

Corporate Reform:

SEC's Mary Schapiro to Step Down --- Financial Industry Lawyers Praise Schapiro for Saving a Tattered SEC --- Obama selects Elisse Walter to lead Securities and Exchange Commission
(DBN)

New SEC head faces fights on several fronts, legal straitjacket
(DBN)

Schapiro's exit leaves broker fiduciary plan up in air
(DBN)

______________

Fraud:

The Reach of Receivers in Ponzi Scheme Cases: Where There Is a Will, There Is a Way
(DBN)

Cohen's SAC Faces Client Queries as Investigators Circle --- How hedge funders are like journalists – and why we're hated --- Why LA should be glad Steven Cohen didn't buy the Dodgers --- Ex-SAC manager granted $5 mln bail in trading case --- In SAC Capital Case, a New Type of Deal --- Mathew Martoma Will Be Unable To Make The SAC Capital Holiday Party This Year
(DBN)

Long Before H-P Deal, Autonomy's Red Flags --- HP hit with civil securities lawsuit over Autonomy deal
(DBN)

Lawyer, 3 Others Convicted on Personal Tax Charges re Case Billed As Biggest Heath Fraud in US
(DBN)

Gupta’s Bid to Remain Free on Appeal Draws U.S. Objection
(DBN)

Harvard Doctor Turns Felon After Lure of Insider Trading
(DBN)

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Alternative Energy:

A123: Officials seem to have ignored gloomy facts
(DBN)

A123 Systems Receives Final Approval of $50 Million DIP Financing
(DBN)

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Banking:

US objects to bid to buy First Place Bank
(DBN)

______________

Aviation:

AMR Seeks to Cut Key Pilot Pension Benefit
(DBN)

Nearly Worthless AMR Shares Spike Higher
(DBN)

AMR plans to emerge from bankruptcy in March 2013?
(DBN)

The biggest airline to file for bankruptcy
(DBN)

Pinnacle Airlines reports $9.8M operating loss in October
(DBN)

Two complaints about the pension/court story
(DBN)

How Not To Get Through Airport Security Faster
(DBN)

______________

Finance:

Fitch: Covenant-Lite Loans Make Comeback
(DBN)

______________

Photography:

Pioneer photo agency Sipa Press files for bankruptcy protection
(DBN)

______________

Religion:

Crystal Cathedral founder to be paid less than $1M --- A fraction of millions sought
(DBN)

______________

Baseball:

SF hospital wants Dodgers to reimburse for Bryan Stow medical treatment
(DBN)

Ex-Texas Rangers Owner Hicks Settles Administrator Suit
(DBN)

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Debt Collection:

Conviction Upheld for “Bags of Money” Debt Collector
(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 (33 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (18 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)

Distressed Investing – 19th Annual Conference
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Discharge:

Supreme Court to Address Circuit Split Over 'Defalcation' Meaning
(DBN)

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Avoidance Actions:

But Judge, Operating in the Red was Ordinary Course for this Debtor!
(DBN)

______________

Contracts:

Arizona hospital can't force debtor to honor donation, judge rules
(DBN)

______________

Cross-Border:

Vitro Says Mexico Judge Rejects Some Creditor Challenges
(DBN)

______________

Litigation:

HP Addresses Customer Concerns After Autonomy Write-Down
(DBN)

______________

Weather:

New York City Seeks $9.8 Billion in Sandy Aid --- No Good, Very Expensive Hurricane to Cost New York City $19 Billion --- Breezy Point, NJ: Drowned but Unbowed --- Sandy-Damaged Vehicles Hit 230,000 Mark
(DBN)

______________

Retailing:

Black Friday Weekend: Lots of Buzz, Not So Much Spending
(DBN)

New Blumenthal Announces Bill To End Gift Card Expiration Dates And Non-Use Fees
(DBN)

______________

Brokers:

MF Global customers to seek subpoenas for Corzine, others
(DBN)

Top MF Global Official to Depart
(DBN)

______________

Commodities:

Muddy Waters Attacks Olam’s Acquisitions, Likens It to Enron
(DBN)

______________

Celebs:

Korea Fires Jill Kelley As 'Honorary Consul' For Using Title For Personal Gain
(DBN)

Bankrupt Former NFL Star Warren Sapp Wants Change In Child Support Payments
(DBN)

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Education:

College’s Bankruptcy Lawyers Target Endowment Money
(DBN)

_____________

Health Care:

Interest builds as Sheehan auction nears
(DBN)

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Sovereigns:

Argentina Can Make Its Problems The Snake’s Problems
(DBN)

Argentina seeks halt to $1.3bn debt order
(DBN)

Restructured Argentine Bond Holders Seek Emergency Stay
(DBN)

______________

UK:

Canada's Carney set for new job as Bank of England governor --- How The Bank Of England Made A Hiring Breakthrough That Could Help Save The World Economy
(DBN)

£13m Ring scheme enters PPF after triggering four insolvencies
(DBN)

Stakeholder Pyrrho says not responsible for MWB administration, welcomes enquiry
(DBN)

Aerte Group to appoint administrators
(DBN)

______________

EU:

Austerity's Grip on EU Becomes a Stranglehold
(DBN)

Euro-Area’s Bailout Fund Wins Blessing of Highest EU Court
(DBN)

______________

PIIGS:

Bond Markets Still Betting on Greek Debt Deal --- Greek bankruptcy averted — for now --- Europe Agrees on New Aid Package For Greece --- Greece Got A New Deal Last Night — Here's Everything You Need To Know
(DBN)

ie: Dunnes petition to be heard --- Dunnes chief calls Nama's winding-up petition over €21.6m 'abuse of process' --- ie: Law firm quits work for Sean Quinn
(DBN)

______________

Canada:

Shock as Carney Moves to Bank of England --- Why Mark Carney Is One Of The Shrewdest Central Bankers In The World
(DBN)

______________

Vietnam:

More and more businesses declare death
(DBN)

______________

China:

In China, Hidden Risk of 'Shadow Finance'
(DBN)

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Copyright 2012