November 29, 2012

The Daily Bankruptcy News

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Law:

Bonus Watch: Simpson Thacher Matches Cravath --- Skadden Matches Cravath --- Will Other Firms Refuse to Follow Cravath? (And Could That Be a Good Thing?)
(DBN)

1L Enrollment Dropped at Three-Fourths of Accredited Law Schools This Year, Preliminary Stats Show
(DBN)

Denton, Dechert, Milbank, Sidley, Katten: Business of Law
(DBN)

Time to Blow Up the Billable Hour Formula
(DBN)

Dykema Gossett Adds Bankruptcy Senior Counsel In LA
(DBN)

Holiday Parties and You: All the Basics You Need to Know
(DBN)

K&L Gates Takes On Bankrupt San Bernardino for CalPERS
(DBN)

The Best and the Brightest: Some Reflections on Entry-Level Law Firm Hiring
(DBN)

First-Year Corporate Lawyer Can't Believe His Job Is THIS Soul Crushing
(DBN)

Depressing Email From New Lawyer
(DBN)

Law Firm To Exit Downtown Austin, Texas, for New Office With Parking
(DBN)

Lawyers Are Furious After Learning They Will Receive Bonuses After The 2013 Tax Hike
(DBN)

Gay Lawyers in NYC Make Gains, Women and Minorities—Not So Much
(DBN)

Mothers, Be Good to Your Daughters, Too
(DBN)

Am Law 200 Lawyers on the Defensive
(DBN)

The Scut Farkuses of the in-house world are thankfully very few and even farther between
(DBN)

Stealth Lawyer: Paul Mecurio, Comedian
(DBN)

The Most Famous Law School You’ve Never Heard Of
(DBN)

Why Law Students Should Be Thinking About Entrepreneurship and Innovation in Legal Services
(DBN)

Does Law School’s Appointment of Kirkland Leader as Dean Signal New Focus on Legal Jobs?
(DBN)

Vermont Law School Plans to Downsize Staff; Dean Says Nonlawyer Specialists Will Do More Legal Work
(DBN)

Ex-Associate of Law Firm Charged With Wire Fraud, Accused of Obtaining $453K from Trust Account
(DBN)

Lawyer of the Day: Sidley Austin Attorney Arrested for Allegedly Blindsiding Biker, and Now He’s Being Sued
(DBN)

Christmas Gifts for Lawyers
(DBN)

Trial Begins for Lawyer Accused of Letting Suspect Use Her Cellphone in Interrogation Room
(DBN)

Former McDermott Will & Emery partner disbarred for lying about income to get financial aid for child's private school
(DBN)

10 iPhone Apps We Can't Live Without
(DBN)

Is Mocking A Crime?
(DBN)

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Judges:

Justice Ginsburg Proposes All-Female Bench
(DBN)

The Chief Justice Is Starting To Show His Fangs During Oral Arguments
(DBN)

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Wall Street:

Stock futures point to higher start
(DBN)

Stocks Close Higher as Hope Rises for a Fiscal Cliff Deal
(DBN)

A Look Inside Your Typical Wall Street Holiday Party
(DBN)

Getco, Virtu Financial Make Rival Bids for Knight Capital
(DBN)

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Layoffs:

Unemployment rates fall in half of large US cities
(DBN)

AMSC is cutting its workforce by 25 percent
(DBN)

Unemployment benefits cost: $520 billion
(DBN)

Cleveland 'Plain Dealer' mulls layoffs , restructuring
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Food/Beverage:

Hostess Judge to Ponder Approval of Twinkie-Maker Wind-Down
(DBN)

The Media Choke on a Twinkie
(DBN)

I Never Liked Twinkies
(DBN)

Unions aren't the reason for Hostess' demise
(DBN)

Hostess reportedly has 80-plus possible bidders
(DBN)

If You Buy the Twinkie Brand What Do You Get?
(DBN)

A Death in the Family - and the Question Is: Whodunit? --- Death of Twinkies a Case of Corporate Murder
(DBN)

Laid-Off Hostess Employee Forced To Look For Creme-Injecting Job Elsewhere :)
(DBN)

Claim alleges Worldwide Produce owes $274K
(DBN)

Tully's Coffee Shops Enters into Asset Purchase Agreement with Kachi Partners
(DBN)

Upper Crust bankruptcy trustee seeks Dec. auction
(DBN)

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Marketing:

Groupon CEO Andrew Mason Once Asked His CFO What It Would Take For The Company To Go Bankrupt --- Andrew Mason: Groupon Going Bankrupt is an 'Absurd' Scenario
(DBN)

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Retailing:

Senator Proposes Law to Keep Stocking Stuffers Safe in Bankruptcy
(DBN)

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Municipalities:

Payment of Bonds in Chapter 9: Special Revenue vs. General Obligation Part 1 of 2
(DBN)

Calpers triggers legal fight with bankrupt San Bernardino
(DBN)

Calpers and the Constitution: a looming confrontation?
(DBN)

State Senator Proposes Dissolving City Of Detroit --- City of Detroit to be dissolved? --- Could state taxpayers be on hook for Detroit?
(DBN)

Bankruptcy unattractive option for Detroit
(DBN)

Detroit Bonds Cut Deeper Into Junk as Cash Crunch Nears
(DBN)

Harrisburg bankruptcy threat back on the table as ban expires
(DBN)

Altoona: Act 47 brings more debate
(DBN)

California Finds Economic Gloom Starting to Lift
(DBN)

The Best- and Worst-Run States in America
(DBN)

The 10 American Cities With The Most Attractive People
(DBN)

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Religion:

Church's fate in judge's hands after insurance scheme sours
(DBN)

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Consultants:

FTI Consulting Completes $350 Million Revolving Line of Credit
(DBN)

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Hollywood:

Digital Domain assets, films in progress go on auction block
(DBN)

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Economy:

US Durable Goods Orders Flat in October
(DBN)

Poll: 60% Back Tax Hike on Rich --- Boehner to GOP: Stand Pat on Tax Pledge
(DBN)

Obama Says He Wants A Deal On The Fiscal Cliff 'By Christmas'
(DBN)

Obama Taps Twitter for Tax-Cut Push --- Obama urges public to pressure Congress on taxes
(DBN)

Paul Ryan Faces The Ultimate Dilemma Over The Fiscal Cliff
(DBN)

GOP divide over Obama tax plan goes public
(DBN)

Will Congress Take from Your 401K Plan?
(DBN)

Grover Norquist's Major Economic Error
(DBN)

Growth In College Tuition Vs. Growth In Earnings For College Graduates
(DBN)

Fed: Economy improves, but 'cliff' is a hurdle --- Fed’s Beige Book: District-by-District Summary --- Beige book an economic tale of 2 storms
(DBN)

Goldman's Blankfein: 'Country can't afford this' --- 'Everything Must Be Touched' in Fiscal Debate: Blankfein --- Why Lloyd Blankfein Calling Obama's Fiscal Cliff Plan 'Credible' Is A Big Deal
(DBN)

Least Influential Americans for 2012
(DBN)

Global Fuel Prices to Spark Next Revolutions
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

New home sales stagnant, casts shadow on housing --- Could It Be 'Cliff Concerns?'
(DBN)

Foreclosure Wave Averted as Doomsayers Defied
(DBN)

Housing Recovery Uneven
(DBN)

Wells Fargo says it won't face SEC action on mortgages
(DBN)

North America's #1 Housing Bubble
(DBN)

North Myrtle Beach project's creditors could be looking at pennies on the dollar
(DBN)

Nashville: Developer hopes he's in the clear in massive Ch. 11 case
(DBN)

The New Housing Database That Could Invade Your Privacy
(DBN)

The Most Expensive Real Estate Markets In America
(DBN)

The 15 Best Housing Markets For The Next Five Years
(DBN)

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Student Debt:

Federal Student Lending Swells
(DBN)

Student Loan Debt Rising, and Often Not Being Paid Back
(DBN)

Student Debt Bubble Officially Pops As 90+ Day Delinquency Rate Goes Parabolic
(DBN)

5 Things to Know Before Taking Out a Student Loan
(DBN)

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Mass Torts:

BP banned from federal contracts
(DBN)

______________

Mail:

US Postmaster General: "We're facing our own fiscal cliff"
(DBN)

Post Office Chief Lays Out Plan for Survival
(DBN)

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Personal Finance:

17 Lottery Winners Who Blew It All
(DBN)

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Hotels:

The 10 Best All-Inclusive Hotels On The Planet
(DBN)

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Agriculture:

Defunct North Dakota oilseed plant sold at auction
(DBN)

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Finance:

U.S. Said to Weigh Tightening Rules for Foreign Lenders
(DBN)

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History:

How Andrew Jackson Cut The US Debt
(DBN)

______________

Autos:

Fisker Awaits A123 Battery Plant Sale to Resume Karma Assembly
(DBN)

Ford’s Fields Says Company Making Plans for Fiscal Cliff
(DBN)

______________

Tax:

New Tax Rules for American Airlines Case to Benefit Debtors
(DBN)

German govt bids to save Swiss tax deal
(DBN)

______________

Fads:

Latest Internet craze
(DBN)

______________

Compensation:

These CEOs Earned Their Massive Pay Packages
(DBN)

______________

Photography:

Kodak inks new financing deal worth $830 million, still sees exiting bankruptcy next year
(DBN)

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Arenas:

Elmira First Arena bankruptcy filings questioned
(DBN)

______________

Aviation:

AMR Bondholders Urge New Board for a Stand-Alone American
(DBN)

AMR: A few final hurdles
(DBN)

American has made improvements but missed opportunities, analysts say
(DBN)

______________

Greentech:

Big Island Carbon Files For Bankruptcy , Seeks Buyer
(DBN)

______________

Baseball:

Who really won the Texas Rangers, Tom Hicks settlement?
(DBN)

______________

Poultry:

“Cluck You!” Foster Farms Sues Zacky
(DBN)

______________

Corporate Reform:

Treasury Official Pegged as Potential SEC Chairman Is Out of Running
(DBN)

______________

Shipping:

Mississippi River Could Become Impassable
(DBN)

______________

Celebs:

Jill Kelley Goes on the Offensive
(DBN)

______________

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 (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (88 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:

Bill on Bankruptcy: Patriot Coal Case Kicked From Manhattan To St. Louis
(DBN)

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Bankruptcy Statistics:

OC bankruptcies decline year-over-year
(DBN)

GMI Ratings Releases Second “Black Swan Risk List” of North American Companies
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Recent Pleadings:

Hawker: Indenture trustee says plan unconfirmable, violates subdebt rights
(DBN)

Dewey Creditors Committee Continues Fight Against Former Partners
(DBN)

______________

Cross-Border:

Weathering the Storm: Vitro’s Concurso Plan Is Theoretically Enforceable in the United States . . . But Not This Time . . . Under These Circumstances
(DBN)

Vitro Loses Appeals Court Bid on Mexican Bankruptcy Plan --- The Opinion --- Vitro Reviewing Legal Alternatives
(DBN)

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Discharge:

No-show worker won't have to repay money
(DBN)

______________

DIP Finance:

Goldman Sachs Affiliate Provides Veritas With $50MM Facility
(DBN)

Salus Capital Closes $9.5MM DIP Facility for Bakers Footwear
(DBN)

______________

Arbitration:

Circuit Split in Enforceability of Arbitration Clauses in Bankruptcy Left Unresolved
(DBN)

______________

Venue:

Bankruptcy Court Transfers Venue of Patriot Coal Chapter 11 Cases from SDNY to St. Louis in the Interest of Justice
(DBN)

_____________

Avoidance Actions:

Palm Harbor Liquidating Trust Starts Bankruptcy Preference Adversary Proceedings
(DBN)

______________

Insurance:

Management Liability Insurance: Amounts Due Based on "Pre-Existing Duty" Not Covered Loss
(DBN)

MBIA Still Carries Complexity Discount
(DBN)

______________

Litigation:

Northern District of California’s New eDiscovery Guidelines
(DBN)

______________

Trustees:

Original Song (written by a bankruptcy trustee)
(DBN)

______________

Fraud:

Gupta Wins Hearing on Bid for Freedom During His Appeal
(DBN)

Hedge fund warns clients of SEC probe --- SEC may hit SAC Capital with civil charges
(DBN)

Ex-Delta Petroleum CEO Sued by SEC Over Alleged Tips
(DBN)

Ex-Credit Suisse trader may reach U.S. deal
(DBN)

Scruggs To Get Out Of Prison?
(DBN)

______________

Alternative Energy:

DOJ asserts federal interests in A123 bankruptcy
(DBN)

______________

Housewares:

Harper Brush sale nets $3.45 million for assets
(DBN)

______________

Sovereigns:

Argentina Wins Delay of Order Forcing Bond Payment
(DBN)

Fitch downgrades Argentina's credit rating fearing 'probable default'
(DBN)

Argentina: Justice vs. The Rule of Law
(DBN)

Argentina May Reopen Debt Restructuring for Holdout Creditors
(DBN)

______________

UK:

Two-thirds of millionaires left Britain to avoid 50p tax rate
(DBN)

UK courts used for Kuwaiti debt workout
(DBN)

This Email From A 'Bitterly Disappointed' Retired Naval Officer To His Children Is Going Viral
(DBN)

______________

EU:

Europeans Scrimp on Gifts as Economy Clouds Holiday
(DBN)

Seceding is Back in Vogue, This Time in Debt-Ridden Europe
(DBN)

ECB wants "executioner" to terminate Europe's weak banks
(DBN)

Markets Are Surging Across Europe
(DBN)

Economic Confidence Jumped In Europe
(DBN)

Germany's Unemployment Climbs For The 8th Month In A Row
(DBN)

______________

PIIGS:

Why Spain's Unemployment Nightmare Is So Much Worse Than Greece's --- EU to bailout four Spanish banks --- Spain's bailed-out banks to slash size by 60 percent --- Spain's Bankia eyes profit by 2013, to cut 6,000 jobs
(DBN)

Greeks turn to the forests for fuel as winter nears
(DBN)

O'Donnells failed to declare fee of £120000 in bankruptcy petition
(DBN)

_____________

Canada:

Farmers facing distress after hog company bankruptcy
(DBN)

______________

MENA:

Egypt Has Never Been in a More Critical State
(DBN)

______________

Lithuania:

Snoras Says Bankrupt Lender's Loan Book Now Worth 48% of Face
(DBN)

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Afghanistan:

Kabul Bank sent cash abroad via airline food trays
(DBN)

______________

Bermuda:

What happens if Bermuda goes bankrupt ?
(DBN)

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Copyright 2012